Industry Implications of Value Creation and Appropriation Investment Decisions

被引:13
|
作者
King, David R. [2 ]
Slotegraaf, Rebecca J. [1 ]
机构
[1] Indiana Univ, Kelley Sch Business, Bloomington, IN 47405 USA
[2] Marquette Univ, Coll Business Adm, Milwaukee, WI 53201 USA
关键词
Decision-Making; Firm Environment; Industry Growth; Industry Volatility; Resource Investment; RESEARCH-AND-DEVELOPMENT; FIRM; IMPACT; PERFORMANCE; MODEL; EXPENDITURES; PERSPECTIVE; DIMENSIONS; CAPABILITY;
D O I
10.1111/j.1540-5915.2011.00321.x
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Managers face a critical task in making firm investment decisions that are targeted toward creating and appropriating value. As managers weigh their resource investment decisions, we argue that these investments have a direct impact on the growth and volatility of the firm's industry. With data covering 377 industries across 16 years, we investigate relationships for aggregate firm investments on the growth and volatility of industry profit and sales. Results reveal important, complex relationships between investment in value creation and appropriation and different elements of the industry environment. Implications for management theory and practice are discussed.
引用
收藏
页码:511 / 529
页数:19
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