The Determinants of Value Creation at the Firm, Industry and National Levels: A Framework and Evidence

Christos Pitelis and Vassilis Vasilaros

No DYNREG37, Papers from Economic and Social Research Institute (ESRI)

Abstract: We aim to bridge three (plus one) levels of (strategic) management theory of value capture and sustainable value creation; micro (firm), meso (industry, region), macro (national) (and also global). We propose a framework for value creation by firms and explore firm strategies for value capture and their relationship to value creation. We construct requisite variables and test our framework for 17 OECD countries using panel data. We find support for our integrative framework. We also explore the issue of sustainability and its implications for managerial practises, corporate governance, public policy and global governance that promote sustainable global value creation.

Keywords: Global value creation and capture; sustainability; governance (search for similar items in EconPapers)
Pages: 44 pages
Date: 2009
New Economics Papers: this item is included in nep-cse
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:esr:wpaper:dynreg37

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