Kern Gospel - Strategy and Institutions in the Stakeholder VCA Approach - Accepted Version.pdf (867.62 kB)
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The effects of strategy and institutions on value creation and appropriation in firms: a longitudinal study of three telecom companies

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journal contribution
posted on 08.01.2020, 10:13 by Philipp KernPhilipp Kern, Howard Gospel
Strategic 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 Journal

Publisher

Wiley

Version

AM (Accepted Manuscript)

Rights holder

© John Wiley & Sons, Ltd

Publisher statement

This is the peer reviewed version of the following article: KERN, P. and GOSPEL, H., 2020. The effects of strategy and institutions on value creation and appropriation in firms: a longitudinal study of three telecom companies. Strategic Management Journal, doi: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

10/12/2019

Publication date

2020-01-16

Copyright date

2020

ISSN

0143-2095

eISSN

1097-0266

Language

en

Depositor

Dr Philipp Kern. Deposit date: 6 January 2020

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