The competitive advantage of institutional reward

Sustainable Competitive Advantage: Combining Institutional and Resource- Based Views

This article suggests that the context and process of resource selection have an important influence on firm heterogeneity and sustainable competitive advantage. It is argued that a firm’s sustainable advantage depends on its ability to manage the institutional context of its resource decisions. A firm’s institutional context includes its internal culture as well as broader influences from the ...

Comparative Advantage and Competitive Advantage:

There is a considerable amount of controversy about the model(s) of comparative advantage and its applicability to international business, in particular as a guide to the success of nations and/or firms in international markets. This perception (or understanding) of inapplicability of the model(s) of comparative advantage has lead international business experts to develop new models, or what ma...

National Institutional Structures, Transaction Cost Economizing and Competitive Advantage: The Case of Japan

Japan's economic success since World War II has been striking. Modern Japan was the flrst major industrial economy to emerge from outside the Western tradition. Economically devastated in 1945, by 1990 Japan had the world's second largest economy and a GDP per head 20 percent greater than that of the United States. In this paper it is argued that one reason for Japan's success is that the costs...

Comparative Institutional Advantage

This paper discusses the implications of basic trade theory for our understanding of the economic performance of national institutional networks. A nation’s institutional configuration importantly shapes the incentives of its economic actors and thereby affects its productive capacities in various economic sectors. I.e., firms’ production functions, and thereby the shapes of national production...

Brokers and Competitive Advantage