Publication

Toward a contingent resource-based view of nonmarket capabilities under regulatory uncertainty

2009
Conference Papers

Abstract

The article integrates theoretical perspectives from the resource-based view of the firm, dynamic capabilities and contingency. It explains one particular characteristic of the general business environment of the firm, regulatory uncertainty, and its influence on dynamic capabilities of a corporate political strategy (nonmarket strategy) and value creation. I argue that scanning and predictive capabilities as well as institutional influence capabilities will lead to a reduced perceived uncertainty by the firm. In consequence, firms that perceive a high regulatory uncertainty aim at developing these dynamic capabilities. Further, I argue that firms with stronger nonmarket capabilities will rather drive to pursue investments under perceived regulatory uncertainty than firms with weaker nonmarket capabilities.

Official source

https://infoscience.epfl.ch/entities/publication/5f0ac469-a207-46f6-ab02-02bfc7f0d07b

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2009
Conference Papers

Abstract

Official source

https://infoscience.epfl.ch/entities/publication/5f0ac469-a207-46f6-ab02-02bfc7f0d07b

About this result

Related concepts (32)

Risk

In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is "effect of uncertainty on objectives".

Corporate social responsibility

Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development, administering monetary grants to non-profit organizations for the public benefit, or to conduct ethically oriented business and investment practices.

Market environment

Market environment and business environment are marketing terms that refer to factors and forces that affect a firm's ability to build and maintain successful customer relationships. The business environment has been defined as "the totality of physical and social factors that are taken directly into consideration in the decision-making behaviour of individuals in the organisation." The three levels of the environment are as follows: Internal environment – the internal elements of the organisation used to create, communicate and deliver market offerings.

Related publications (1)

Toward a contingent resource-based view of nonmarket capabilities under regulatory uncertainty

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Modeling the influence of restriction policies and perceived risk due to COVID-19 on daily activity scheduling