Regulatory Events and Activity System Adaptation : The Role of Resource Properties
Type
conference paper
Date Issued
2011-11-07
Author(s)
Abstract
Business model adaptation in the face of exogenous shocks such as regulation is vital for firms' long-term survival. However, we do not yet sufficiently understand what causal factors determine various types of adaptive mechanisms. In particular, researchers would benefit from understanding the role of specific spatial-temporal features of regulatory events and the focal firm's activity system properties, i.e. its resource attributes. To explain why some firms respond to regulatory shocks
differently and emerge relatively stronger, we present a model in which we link activity system adaptation to the regulation's spatial, temporal, and uncertainty properties as well as the firms' ex ante asset specificity and asset complementarity. We aim to advance a first step toward a theory of regulation and activity system change.
differently and emerge relatively stronger, we present a model in which we link activity system adaptation to the regulation's spatial, temporal, and uncertainty properties as well as the firms' ex ante asset specificity and asset complementarity. We aim to advance a first step toward a theory of regulation and activity system change.
Language
English
Keywords
Regulation
Exogenous Shocks
Adaptation
Resources
Activity System
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Responsible Corporate Competitiveness (RoCC)
Refereed
No
Book title
Strategies for a Multi-Polar World
Publisher
SMS Strategic Management Society
Publisher place
Chicago
Event Title
31st Strategic Management Society (SMS) Annual International Conference
Event Location
Miami, FL
Event Date
06.-09.11.2011
Subject(s)
Division(s)
Eprints ID
206036