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AN EMPIRICAL TEST OF THE RESOURCE‐BASED THEORY: STRATEGIC REGULATION IN THE DUTCH AUDIT INDUSTRY

AN EMPIRICAL TEST OF THE RESOURCE‐BASED THEORY: STRATEGIC REGULATION IN THE DUTCH AUDIT INDUSTRY The resource‐based view of the firm is a recent strategic management theory that seeks to identify the resources that may provide firms with a sustainable competitive advantage. This paper has two purposes. First, the paper relates strategic management arguments to parallel lines of reasoning in industrial organization theory and argues that strategic regulation is a major source of sustainable competitive advantage. The second purpose of the paper is to report the results of an empirical test of the resource‐based theory on the basis of a longitudinal data set on the postwar history of the Dutch audit industry. A key determinant of this history proves to be strategic regulation, which stimulates demand for audit services and protects rent‐producing resources. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Management Journal Wiley

AN EMPIRICAL TEST OF THE RESOURCE‐BASED THEORY: STRATEGIC REGULATION IN THE DUTCH AUDIT INDUSTRY

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References (75)

Publisher
Wiley
Copyright
Copyright © 1996 John Wiley & Sons, Ltd.
ISSN
0143-2095
eISSN
1097-0266
DOI
10.1002/(SICI)1097-0266(199607)17:7<549::AID-SMJ827>3.0.CO;2-R
Publisher site
See Article on Publisher Site

Abstract

The resource‐based view of the firm is a recent strategic management theory that seeks to identify the resources that may provide firms with a sustainable competitive advantage. This paper has two purposes. First, the paper relates strategic management arguments to parallel lines of reasoning in industrial organization theory and argues that strategic regulation is a major source of sustainable competitive advantage. The second purpose of the paper is to report the results of an empirical test of the resource‐based theory on the basis of a longitudinal data set on the postwar history of the Dutch audit industry. A key determinant of this history proves to be strategic regulation, which stimulates demand for audit services and protects rent‐producing resources.

Journal

Strategic Management JournalWiley

Published: Jul 1, 1996

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