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the period from 1999 to 2004. We posit that a firm's decision on capital structure is inherently dynamic, and estimate the resulting dynamic capital structure model. The main findings of the paper are as follows: (i) Chinese firms adjust to...
knowledge base theory of the firm, this theory considers knowledge as one of the most essential and significant resource of the firm. However, its proponents argue that the resources related to this theory are highly difficult to imitate, a...
financial) firms are interdependent, with their success depending on the ability of other operating firms to obtain financing. In such an economy, we show, inefficient credit market freeze may arise in which banks abstain from lending to op...
operations management as the area of Business Administration dedicated to both research and the implementation of all those actions that tend to generate greater value added through the planning, organization, direction and control in the p...
Thyself Resource Based View The founding base of RBV is given by Penrose (1959) when she describes a firm as a collection of resources and goes on arguing that it is the heterogeneity of the services available from resources that gives eac...
human resource management (HRM) policies and practices in consulting firms. The paper specifically investigates whether or not the HRM approaches in these firms mirror the two organizational archetypes of professional partnerships (P2) and ...
(1957) and Penrose (1959), and have suggested that inimitable firm heterogeneity, or the possession of unique "competencies" or "capabilities" may be an important source of enduring strategic advantage (Lippman and Rumelt, 1982; Wernerfelt...