On the contingent rent-generating potential of firm-specific managerial experience

John Qi Dong

Journal of Business Research, 2016, vol. 69, issue 10, 4358-4362

Abstract: The resource-based theory suggests that profitable growth of the firm is bound by firm-specific managerial capability, which has to be internally developed via accumulation of firm-specific managerial experience over time. In this study, I investigate the contingency of rent-generating potential of firm-specific managerial experience by focusing on two particular organizational characteristics — slack and uncertainty. I propose that firm-specific managerial experience realizes its rent-generating potential in conjunction with organizational slack, and firm-specific managerial experience has greater rent-generating potential when organizational uncertainty is high. Empirical evidence based on large-scale longitudinal data from 921U.S. manufacturing firms in almost 20years corroborates the theory. Novel implications for the resource-based theory are discussed.

Keywords: Firm-specific managerial experience; Organizational slack; Organizational uncertainty; Firm performance; Resource-based theory (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:69:y:2016:i:10:p:4358-4362

DOI: 10.1016/j.jbusres.2016.04.066

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