Abstract
Original language | English |
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Publication status | Published - 2012 |
Event | Academy of Management Annual Conference 2012 - Boston, United States Duration: 3 Aug 2012 → 7 Aug 2012 |
Conference
Conference | Academy of Management Annual Conference 2012 |
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Country | United States |
City | Boston |
Period | 3/08/12 → 7/08/12 |
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Keywords
- investing, act of working, firms
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Firms and the Reciprocity of the process of investing and the act of working. / Hughes, Kate; Zubac, Angelina.
2012. Paper presented at Academy of Management Annual Conference 2012, Boston, United States.Research output: Contribution to conference › Paper
TY - CONF
T1 - Firms and the Reciprocity of the process of investing and the act of working
AU - Hughes, Kate
AU - Zubac, Angelina
PY - 2012
Y1 - 2012
N2 - This paper contributes to resource-based view (RBV) and theory of the firm scholarship by explaining why the process of investing and act of working through the vehicle of the firm are reciprocal concepts, depending on the view taken. It argues that capital-owners and resource-owners both invest in the firm and in their own way they also perform work through the firm. Moreover, by adding a dynamic explicit and implicit contracting overlay to a resource-investment conceptualization of the firm, this paper identifies how it is possible to define ‘work’ and ‘work equity’ in firm theoretic terms, that is, define them in resource-capital-payments and resource-capital-contract parity terms, respectively, making it much easier potentially to gain insight into the ways in which firms improve people’s lives by contributing to positive forms of economic development.
AB - This paper contributes to resource-based view (RBV) and theory of the firm scholarship by explaining why the process of investing and act of working through the vehicle of the firm are reciprocal concepts, depending on the view taken. It argues that capital-owners and resource-owners both invest in the firm and in their own way they also perform work through the firm. Moreover, by adding a dynamic explicit and implicit contracting overlay to a resource-investment conceptualization of the firm, this paper identifies how it is possible to define ‘work’ and ‘work equity’ in firm theoretic terms, that is, define them in resource-capital-payments and resource-capital-contract parity terms, respectively, making it much easier potentially to gain insight into the ways in which firms improve people’s lives by contributing to positive forms of economic development.
KW - investing, act of working, firms
M3 - Paper
ER -