The effects of strategy and institutions on value creation and appropriation in firms: A longitudinal study of three telecom companies

Kern, Philipp; Gospel, Howard

doi:10.1002/smj.3129

Cited by 16 publications

(14 citation statements)

References 37 publications

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“…The results obtained are consistent with the researches of Almeida Costa and Zemsky (2021), Kern and Gospel (2020), Ekkayokkaya and Paudyal (2019), Sejodin et al (2019) and Sardari and Amiri (2019), because most of these studies have emphasized the importance of integrating sustainable value creation into firm sustainability strategies in a competitive market.…”

Section: Sustainable Value Creation Processsupporting

confidence: 91%

Analysis of the integrating sustainable value creation process: evidence from Iran's automotive industry

Valiyan

Abdoli

Jahromi

et al. 2022

TQM

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PurposeAutomotive industry is one of the most important industries in the economy of countries due to its extensive relationship with other industries; high production and employment rate play a significant role in the sustainable development of countries. Therefore, the improvement of value creation integration strategies in this industry is very important because it is related to the level of economic sustainability of countries. The purpose of this study is to analyze the integration matrix of the creating sustainable value process in the automotive industry.Design/methodology/approachThis research is a development/mixed methodology that aims to symmetrically combine the relationship between the components of sustainable value creation integration through Mick Mac matrix analysis to identify the most effective drivers of the research subject in the Iranian automotive industry. Therefore, in this study, first, in the qualitative part, meta-synthesis analysis and Delphi analysis were used to identify the thematic components of the integration of the process of creating sustainable value and to determine the theoretical adequacy of the components. Then, in a small part, an attempt was made to explain the approved components, based on the symmetric matrix analysis in the Mic Mac diagram, in the automotive industry to determine a more stimulus for integrating the sustainable value creation process, with the participation of 16 automotive executives.FindingsBased on the results in the qualitative section, 8 thematic components were identified to evaluate the integration of the sustainable value creation process, and after Delphi approval, these components were approved in terms of theoretical adequacy. The results in the quantitative part based on matrix analysis showed that the most motivating component in integrating the process of creating sustainable value in the automotive industry is the development of innovative ideas. To create integration in creating sustainable value, it is necessary to create a positive impact of creative ideas in the three components of balancing performance with the changing needs of K3 customers, the dynamics of communication with K8 suppliers, reducing the diversity of materials used in K5 production.Originality/valueThis paper is considered as a research that contributes to the broader research area of the automotive industry by unpacking the concept of value creation from a sustainability perspective. This is the first study to review extensively of integrating sustainable value creation process into the automotive industry. Although an area of research importance in terms of developing theoretical literature and applied basis in increasing the effectiveness of competitive strategies. But less research has examined this issue, and conducting this research and expanding it to the level of sustainability value literature can enhance its institutional and research capacities at the international level and contribute to the coordination of the development of theoretical.

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Section: Sustainable Value Creation Processsupporting

confidence: 91%

Analysis of the integrating sustainable value creation process: evidence from Iran's automotive industry

Valiyan

Abdoli

Jahromi

et al. 2022

TQM

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“…This is the first incremental contribution of this study. While many recent studies are focusing on value appropriation (Kern and Gospel, 2020; Liberman et al, 2017 Liberman et al, , 2018Garcia-Castro and Aguilera, 2015;Adams, 2017), our study has dived deeper explicating the corporate value creation process. More importantly, our study responds to the critique that RBVs and value creation framework have remained at a theoretical level often relying on conceptual arguments and being empirically deficit (Liberman et al, 2017;Armstrong and Shimizu, 2007).…”

Section: Conclusion Limitations and Scope For Future Researchmentioning

confidence: 85%

“…There have also been criticisms that the RBV is not amenable for empirical testing (Armstrong and Shimizu, 2007). While a number of recent studies explore the VCA theme and more specifically focused on value appropriation by stakeholders (Kern and Gospel, 2020;Liberman et al, 2017Liberman et al, , 2018Garcia-Castro and Aguilera, 2015;Adams, 2017), very few studies deconstruct the value creation process, per se, explicating assembling resources, building capabilities and delivering value to customers and shareholders. Having identified this as the first research gap, this study takes a holistic approach exploring the diverse value creating activities across the organization: from resource acquisition, orchestration, capability building and finally delivering value to customers and shareholders.…”

Section: Deconstructing Corporate Value Creation 2741mentioning

confidence: 99%

Deconstructing corporate value creation: evidence from Indian Information Technology enabled Service (ITeS) companies

Srinivasan

Gupta

Jayaraman

2021

BIJ

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PurposeTo explore building blocks of corporate value creation that can be effectively assembled by practicing managers to deconstruct corporate value creation into distinctive models (customer value creation and shareholder value creation) and stages (resource assembly and capability leverage) in the Indian Information Technology enabled Service (ITeS) industry for exploring efficiency differentials between large Indian ITeS companies.Design/methodology/approachData envelopment analysis (DEA) technique has been used to uncover efficiency differentials in large Indian ITeS companies that represent 90% of all the ITeS companies listed in the Indian stock market and 13.9% of all companies listed in the Indian stock market, across industries.FindingsThis paper documents a nuanced understanding of interrelationships among activities that influence corporate value creation and comprehensively highlight those dominant activities that contribute to corporate value creation in an ITeS industry setting. The study demonstrates as to how companies can become more efficient in such crucial value creating components that result in superior corporate value. The explicating methodology proposed in this study can be handy for managers and can be extrapolated to other industry and national settings as well.Practical implicationsDeconstructing corporate value creation into granular models, customer value creation and shareholder value creation and further into two stages, being assembling resources to create capabilities and leveraging such capabilities to deliver value, this study provides hands-on value for managers in ITeS companies to create value.Originality/valueFusing the value creation and appropriation (VCA) framework, the resource-based view (RBV) and its extensions, this paper builds a robust theoretical model specification that is empirically tested.

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“…Given the evidence that an actor's nonmarket strategy will be informed by their institutional environment (Dorobantu et al, 2017; Kern & Gospel, 2020), we began by engaging with historical accounts to appreciate the institutional context of both the UK and credit rating firms in the late 1970s. We were struck by the economic difficulties that faced the UK government including a series of IMF bailouts alongside problematic employment rates and inflation (Hickson, 2005).…”

Section: Methodsmentioning

confidence: 99%

Coaxing corporations: Enriching the conceptualization of governments as strategic actors

Gill,

Gill

2023

Strategic Management Journal

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Research SummaryLittle is known about how governments secure discrete resources from global corporations over which they have limited direct control. Utilizing declassified archival sources, we examine how the UK government influenced Moody's and Standard & Poor's to provide the highest possible credit ratings in 1978, despite the UK receiving an International Monetary Fund bailout 2 years earlier. We develop a process model to explain how democratic government officials employ distinctive processes to enable and facilitate a nonmarket approach of corporate coaxing to influence corporations' decision making. We thereby enrich the concept of governments as a strategic actors by illuminating how officials act to secure resources when in a position of dependence.Managerial SummaryWe sought to understand how governments attempt to influence corporations' decision making when they have limited direct control over these corporations. We examined the historical case of the UK government seeking to influence Moody's and Standard and Poor's. In this case, we identified the distinctive strategy of corporate coaxing to explain how government officials navigate the distinctive constraints, and leverage the unique strengths, of their democratic state, to exert influence on private and global corporations. Our findings show how governments can be more active stakeholders in corporate activity than commonly assumed, as their subtle influence can extend beyond state policies or regulations.

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The effects of strategy and institutions on value creation and appropriation in firms: A longitudinal study of three telecom companies

Cited by 16 publications

References 37 publications

Analysis of the integrating sustainable value creation process: evidence from Iran's automotive industry

Analysis of the integrating sustainable value creation process: evidence from Iran's automotive industry

Deconstructing corporate value creation: evidence from Indian Information Technology enabled Service (ITeS) companies

Coaxing corporations: Enriching the conceptualization of governments as strategic actors

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