Towards a Dynamic Resource-Based Analysis of the Interaction between Technological Resources, Corporate Diversification, and Performance. Evidence from Spanish Manufacturing Firms Paper presented at the Nelson and Winter Conference

This study analyzes the relationship between the direction of corporate diversification, technological resources and performance, proposing a dynamic framework between the three. To do this, the Resource-Based View of the Firm (RBV) is taken as a basis. The model proposed analyzes a series of points in a combined way, so differentiating itself from other work in this field in which a partial and non-dynamic vision is set forth. An integrated analysis is useful, and one which introduces the dynamic aspects inherent in development. The analysis of these aspects within one model, with the use of an adequate technique such as the simultaneous equation model, make it possible to reach a better understanding of the phenomenon and to build a greater explicative power. This study uses the Survey of Business Strategies (Encuesta Sobre Estrategias Empresariales) for the period 1990-97 and for 828 firms. The results appear to support the RBV postulates, considered from a dynamic perspective.