We focus on implications of an agreed upon yet little considered conclusion from our 2001
article—that resource value is determined outside the business-level resource-based view …

Using a formal model, we develop a theory of how value capture by a firm with market or
bargaining power dampens the incentives of other agents in its ecosystem, showing that the …

Though fundamental to innovation and essential to many industries and occupations,
individual creativity has received limited attention as an economic behavior and has …

Research summary Analytic models are a powerful approach for developing theory, yet are
often poorly understood in the strategy and organizations community. Our goal is to enhance …

We analyze corporate lending when loan officers must be incentivized to prospect for loans
and to transmit the soft information they obtain in that process. We explore how this multi …

Research Summary A growing literature uses cooperative game theory to develop formal
strategy theories of value creation and value capture. In a recent review, Gans and Ryall () …

This paper argues that conflicting incentives among managers may impede potential
knowledge-sharing benefits from vertical integration. I study knowledge-based agency costs …

We examine the role of non-venture private equity (PE) firms as intermediaries in the market
for corporate assets. We argue that, in order to create and capture value by acquiring …

Two hallmarks of a good Academy of Management Review (AMR) article are (1) novel
theoretical insight about a relevant management topic, and (2) the clarity provided by sharp …

Value capture theory, or the application of cooperative game theory to theory and pedagogy
in strategic management, has been growing in influence, but its potential for empirical …