Firms and the Reciprocity of the process of investing and the act of working

Kate Hughes, Angelina Zubac

Research output: Contribution to conference › Paper

Abstract

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.
Original languageEnglish
Publication statusPublished - 2012
EventAcademy of Management Annual Conference 2012 - Boston, United States
Duration: 3 Aug 2012 → 7 Aug 2012

Conference

ConferenceAcademy of Management Annual Conference 2012
CountryUnited States
CityBoston
Period3/08/12 → 7/08/12

Fingerprint

Investing
Resources
Owners
Economic development
Parity
Equity
Theory of the firm
Resource-based theory
Contracting
Conceptualization
Payment
Resource-based view of the firm

Keywords

  • investing, act of working, firms

Cite this

Hughes, K., & Zubac, A. (2012). Firms and the Reciprocity of the process of investing and the act of working. Paper presented at Academy of Management Annual Conference 2012, Boston, United States.
Hughes, Kate ; Zubac, Angelina. / Firms and the Reciprocity of the process of investing and the act of working. Paper presented at Academy of Management Annual Conference 2012, Boston, United States.
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Hughes, K & Zubac, A 2012, 'Firms and the Reciprocity of the process of investing and the act of working' Paper presented at Academy of Management Annual Conference 2012, Boston, United States, 3/08/12 - 7/08/12, .

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

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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.

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Hughes K, Zubac A. Firms and the Reciprocity of the process of investing and the act of working. 2012. Paper presented at Academy of Management Annual Conference 2012, Boston, United States.

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