A bayesian operationalization of the resource-based view

Strategic Management Journal

Volumn 25, Issue 13, 2004, Pages 1279-1295

  Hansen, Mark H ^a   Perry, Lee T ^a   Reese, C Shane ^b  

^a BRIGHAM YOUNG UNIVERSITY   (United States)

^b BRIGHAM YOUNG UNIVERSITY   (United States)

Author keywords

Bayesian methodology; Competitive advantage; Resource based view; Theory and methodology alignment

Indexed keywords

AIR QUALITY; FERTILIZERS; HIERARCHICAL SYSTEMS; INDUSTRIAL ECONOMICS; INDUSTRIAL MANAGEMENT; MATHEMATICAL MODELS; PERSONNEL; PROBABILITY; SAND; SEED; SOILS; STATISTICAL METHODS; STRATEGIC PLANNING; WATER QUALITY;

BAYESIAN HIERARCHICAL MODELING; HEWLETT-PACKARD (CO); MICRON (CO); RESOURCE-BASED VIEW (RBV);

OPERATIONS RESEARCH;

EID: 9144243276     PISSN: 01432095     EISSN: None     Source Type: Journal    
DOI: 10.1002/smj.432     Document Type: Review

References (52)

1. Alchian AA, Demsetz H. 1972. Production, information costs and economic organization. American Economic Review 62: 777-795.
2. Anand J, Singh H. 1997. Asset redeployment, acquisitions and corporate strategy in declining industries. Strategic Management Journal, Summer Special Issue 18: 99-118.
3. Barney JB. 1986. Strategic factor markets: expectations, luck and business strategy. Management Science 32: 1231-1241.
4. Barney JB. 1991. Firm resources and sustained competitive advantage. Journal of Management 17: 99-120.
5. Barney JB. 2001. Is the resource-based 'view' a useful perspective for strategic management research? Yes. Academy of Management Review 26(1): 41-57.
6. Bergh DD. 1998. Product-market uncertainty, portfolio restructuring, and performance: an information-processing and resource-based view. Journal of Management 24(2): 135-155.
7. Berry DA. 1996. Statistics: A Bayesian Perspective. Duxbury Press: New York.
8. Berry SM, Reese CS, Larkey PL. 1999. Bridging different eras in sports. Journal of the American Statistical Association 58: 827-843.
9. Broemeling L. 1985. Bayesian Analysis of Linear Models. Marcel Dekker: New York.
10. Capron L, Pistre N. 2002. When do acquirers earn abnormal returns? Strategic Management Journal 23(9): 781-794.
11. Capron L, Mitchell W, Swaminathan A. 2001. Asset divestiture following horizontal acquisitions: a dynamic view. Strategic Management Journal 22(9): 817-844.
12. Carlin BP, Louis TA. 1996. Bayes and Empirical Bayes Methods for Data Analysis. Chapman & Hall: London.
13. Castanias RP, Helfat CE. 1991. Managerial resources and rents. Journal of Management 17: 155-171.
14. Christensen CM. 1997. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Harvard Business School Press: Boston, MA.
15. Coff WC. 1999. When competitive advantage doesn't lead to performance: the resource-based view and stakeholder bargaining power. Organization Science 10(2): 119-213.
16. Cohen J, Cohen P. 1983. Applied Multiple Regression/Correlation Analysis for the Behavioral Sciences. Erlbaum: Hillsdale, NJ.
17. Collis DJ, Montgomery CA. 1995. Competing on resources: strategy in the 1990s. Harvard Business Review 73(4): 118-128.
18. Deephouse DL. 2000. Media reputation as a strategic resource: an integration of mass communication and resource-based theories. Journal of Management 26(6): 1091-1112.
19. Dierickx I, Cool K. 1989. Asset stock accumulation and sustainability of competitive advantage. Management Science 35: 1504-1511.
20. Draper D, Gaver DP, Goel PK, Greenhouse JB, Hedges LV, Morris CN, Tucker JR, Waternaux CM. 1992. Combining information: statistical issues and opportunities for research. In Contemporary Statistics, Vol. 1, Cochran D, Farrally J (eds). National Academy Press: Washington, DC; 108-190.
21. Gelfand A, Smith A. 1990. Sampling-based approaches to calculating marginal densities. Journal of the American Statistical Association 85: 398-409.
22. Gelman A, Carlin JB, Stern SH, Rubin DB. 1995. Bayesian Data Analysis. Chapman & Hall: London.
23. Gilks WR, Richardson S, Spiegelhalter DJ. 1996. Markov Chain Monte Carlo in Practice. Chapman & Hall: London.
24. Godfrey PC, Hill CWL. 1995. The problem of unobservables in strategic management research. Strategic Management Journal 16(7): 519-533.
25. Haveman HA. 1993. Organizational size and change: diversification in the savings and loan industry after deregulation. Administrative Science Quarterly 38: 20-50.
26. Hayward MLA. 2002. When do firms learn from their acquisition experience? Evidence from 1990-1995. Strategic Management Journal 23(1): 21-39.
27. Hitt MA, Ireland RD, Hoskisson RE. 2001. Strategic Management: Competitiveness and Globalization (4th edn). South-Western: Cincinnati, OH.
28. Hult GTM, Ketchen DJ Jr. 2001. Does market orientation matter? A test of the relationship between positional advantage and performance. Strategic Management Journal 22(9): 899-906.
29. Johnston J, DiNardo J. 1997. Econometric Methods (4th edn). McGraw-Hill: New York.
30. Karim S, Mitchell W. 2000. Path-dependent and path-breaking change: reconfiguring business resources following acquisitions in the U.S. medical sector, 1978-1995, Strategic Management Journal, Special Issue 21(10-11): 1061-1081.
31. Mahoney JT, Pandian JR. 1992. The resource-based view within the conversation of strategic management. Strategic Management Journal 13(5): 363-381.
32. Maijoor S, van Witteloostuijn A. 1996. An empirical test 'of the resource-based theory: strategic regulation in the Dutch audit industry. Strategic Management Journal 17(7): 549-569.
33. Makadok R. 2001. Toward a synthesis of the resource-based and dynamic-capability views of rent creation. Strategic Management Journal 22(5): 387-401.
34. McGahan AM, Porter ME. 1997. How much does industry matter, really? Strategic Management Journal, Summer Special Issue 18: 15-30.
35. Micron Technology, Inc. 2003. Company website: www.micron.com/ir/profile. html [26 October 2003].
36. Miller D. 2003. An asymmetry-based view of advantage: towards an attainable sustainability. Strategic Management Journal, Summer Special Issue 24(10): 961-976.
37. Miller D, Shamsie J. 1996. The resource-based view of the firm in two environments: the Hollywood film studios from 1936 to 1965. Academy of Management Journal 39(3): 519-543.
38. Mosakowski E. 1997. Strategy making under causal ambiguity: conceptual issues and empirical evidence. Organization Science 8: 414-442.
39. Penrose ET. 1959. The Theory of the Growth of the Firm (3rd edn 1995). Oxford University Press: New York.
40. Perry-Smith JE, Blum TC. 2000. Work-family human resource bundles and perceived organizational performance. Academy of Management Journal 43(6): 1107-1117.
41. Peteraf MA. 1993. The cornerstones of competitive advantage: a resource-based view. Strategic Management Journal 14(3): 179-191.
42. Porter ME. 1990. Competitive Strategy. Free Press: New York.
43. Powell TC. 2001. Competitive advantage: logical and philosophical considerations. Strategic Management Journal 22(9): 875-888.
44. Priem RL, Butler JE. 2001a. Is the resource-based 'view' a useful perspective for strategic management research? Academy of Management Review 26(1): 22-40.
45. Priem RL, Butler JE. 2001b. Tautology in the resource-based view and the implications of externally determined resource value: further comments. Academy of Management Review 26(1): 57-66.
46. Reese CS, Calvin JA, George JC, Tarpley RJ. 2001. Estimation of fetal growth and gestation in bowhead whales. Journal of the American Statistical Association 96(455): 915-938.
47. Rumelt RP. 1984. Towards a strategic theory of the firm. In Competitive Strategic Management, Lamb RB (ed). Prentice-Hall: Englewood Cliffs, NJ; 556-570.
48. Rumelt RP. 1991. How much does industry matter? Strategic Management Journal 12(3): 167-185.
49. Schmalansee R. 1985. Do markets differ much? American Economic Review 75: 341-351.
50. Thomas KW, Tymon WG Jr. 1982. Necessary properties of relevant research: lessons from recent criticisms of the organizational sciences. Academy of Management Review 7: 345-352.
51. Wernerfelt B. 1984. A resource-based view of the firm. Strategic Management Journal 5(2): 171-180.
52. Wright P, Kroll M, Lado A, Van Ness B. 2002. The structure of ownership and corporate acquisition strategies. Strategic Management Journal 23(1): 41-53.