Kern Gospel - Strategy and Institutions in the Stakeholder VCA Approach - Accepted Version.pdf (867.62 kB)
The effects of strategy and institutions on value creation and appropriation in firms: a longitudinal study of three telecom companies
journal contribution
posted on 2020-01-08, 10:13 authored by Philipp KernPhilipp Kern, Howard GospelStrategic management has come to pay more attention to value creation and appropriation among the firm’s stakeholders, including customers, capital owners, and employees. Existing research has conceptualized this as a strategic choice bounded by the bargaining power of each stakeholder group, which, we argue, risks misattributing outcomes by neglecting structural constraints. Instead, these dynamics need to be understood within the wider institutional context shaping the behavior of managers and stakeholders. Using a question-driven mixed-methods approach, we investigate the evolution of value creation and appropriation in three telecom companies located in different institutional systems—British Telecom, Deutsche Telekom, and Telecom Italia. Our findings suggest that national institutional and firm strategic effects must be considered together to understand patterns of value creation and appropriation among stakeholders.
History
School
- Loughborough University London
Published in
Strategic Management JournalVolume
44Issue
1Pages
343-366Publisher
WileyVersion
- AM (Accepted Manuscript)
Rights holder
© John Wiley & Sons, LtdPublisher statement
This is the peer reviewed version of the following article: Kern, P, Gospel, H. The effects of strategy and institutions on value creation and appropriation in firms: A longitudinal study of three telecom companies. Strat Mgmt J. 2023; 44: 343– 366. https://doi.org/10.1002/smj.3129, which has been published in final form at https://doi.org/10.1002/smj.3129. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.Acceptance date
2019-12-10Publication date
2020-01-16Copyright date
2020ISSN
0143-2095eISSN
1097-0266Publisher version
Language
- en
Depositor
Dr Philipp Kern. Deposit date: 6 January 2020Usage metrics
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