Session 138

Value Creation & Appropriation: Take the money and run

Track L

Date: Monday, October 8, 2012

Track M

Time: 13:30 – 14:45

Paper

Room: Club B


Session Chair:

  • Valentina Della Corte, University of Naples Federico II

Title: Human Resources’ Value Creation and Value Capturing: A Literature Review

Authors

  • Valentina Della Corte, University of Naples Federico II
  • Giovanna Del Gaudio, University of Naples Federico II

Abstract: The purpose of the paper is to carry out a literature review of studies on value creation and value capture, in order to find possible gaps that represent still unexplored fields in strategic management. A systematic approach allows a better understanding through an overview of current debate and the identification of research gaps concerning human resources’ value creation and value capturing. Literature review is central since it plays two basic roles: exploratory and confirmatory. In the exploratory role, literature is used to show the current debate on value creation and capturing and to underline the main research streams, while the confirmatory approach allows scholars and practitioners to identify the research gaps and to verify if the current research has achieved satisfactory and/or contradictory results

Title: Status, Careers, and Competitive Advantage

Authors

  • Matthew Bidwell, University of Pennsylvania
  • Shinjae Won, University of Pennsylvania
  • Roxana Barbulescu, McGill University
  • Ethan Mollick, University of Pennsylvania

Abstract: We explore whether having high status in the labor market might be a source of competitive advantage for firms. We argue that working for a high status employer helps workers to secure better jobs in the future. High status employers are able to capture some of those benefits by paying workers less in return. We also suggest that employers will benefit more from their status when those workers are early in their careers, and value the benefit of high status affiliation more. We will test these arguments using data on investment banking jobs taken from a survey of MBA alumni, and employer prestige measures taken from Vault.com’s annual surveys.

Title: Value Creation and Appropriation Within the Firm and the Strategic Management of Human Capital

Authors

  • Claudio Panico, Bocconi University

Abstract: By combining the literature on rent appropriation and on exploitation/exploration with the formal literature on contracting and negotiating, I set up a simple model to study the relationship between a firm and a knowledgeable individual. The key managerial ingredients are embedded in the (incomplete) employment contract offered by the firm to the individual. I show how the level of the firm's technological capability affects the allocation of the individual's time between exploitative and explorative activities, and the distribution of the value created. This provides micro foundations for a theory of the strategic management of human capital rooted in the employment of talented individuals.

Title: What Determines Tasks Content of a Job? Job Design, Skill Formation and Bargaining Power inside a Firm

Authors

  • Seongwuk Moon, KDI School of Public Policy and Management

Abstract: This article examines how to bundle tasks into jobs within a fi…rm. The novelty of this study is to consider how job design is related to relative bargaining power within a fir…m through skill formation. By using the property rights theory and bargaining perspective, this paper argues (a) that bundling tasks into a job narrowly (specialization) or broadly (multitasking) is decided by both productivity and bargaining power consideration, (b) that “adaptability” of workers in skill formation is critical to the job design and (c) that the bargaining power consideration can lead a firm to design tasks content of its jobs inefficiently. The framework suggested by this study also provides insights into when it is appropriate to perform jobs as a team for value creation instead of individual performance.

All Sessions in Track L...

Sun: 08:00 – 09:15
Session 133: Transitioning from Faculty to Administrator: Building Strategic Human Capital
Sun: 09:30 – 10:45
Session 134: Management Practices across Firms and Countries
Sun: 11:15 – 12:30
Session 135: Linked Employer-Employee Data and Strategic Human Capital Research
Mon: 08:00 – 09:15
Session 144: Stars and Human Capital Flows
Mon: 09:30 – 10:45
Session 140: Knowledge Management & Knowledge Structures: Who knows?
Mon: 13:30 – 14:45
Session 112: CEO and TMT Turnover: Firm Implications
Session 138: Value Creation & Appropriation: Take the money and run
Mon: 16:30 – 17:45
Session 139: Impact of Human Capital Loss: Going Mobile
Tue: 08:00 – 09:15
Session 137: CEO Human Capital: Take a Little off the Top
Tue: 11:00 – 12:15
Session 143: The Strategic Human Capital Process: A look inside the sausage factory
Tue: 14:15 – 15:30
Session 141: Impact of the Acquisition & Loss of Human Capital: Putting a new spin on things
Tue: 15:45 – 17:00
Session 145: Individual Differences & Human Capital-based Advantage: Vive la différence
Tue: 17:30 – 18:45
Session 142: Social Networks & Human Capital: Tying things together
Session 215: CEO Personality and Characteristics Influencing Decision Making

All Sessions in Track M...

Sun: 08:00 – 09:15
Session 126: Entrepreneurship & Stakeholders - The Future Research Agenda
Sun: 11:15 – 12:30
Session 276: Performance Measurement Tools: A Review of Progress
Mon: 08:00 – 09:15
Session 106: Why do Firms do Bad Things and What Do We Know about It?
Mon: 09:30 – 10:45
Session 15: Human Factors in Stakeholder Strategy
Mon: 13:30 – 14:45
Session 12: Effective Stakeholder Management
Session 138: Value Creation & Appropriation: Take the money and run
Mon: 16:30 – 17:45
Session 113: Large Shareholders are Doing it for Themselves
Tue: 08:00 – 09:15
Session 11: Stakeholders and Corporate Social Performance
Tue: 11:00 – 12:15
Session 117: Heterogeneous Owner Types and their Influence
Tue: 14:15 – 15:30
Session 182: Challenges for Stakeholder Management
Tue: 15:45 – 17:00
Session 10: Stakeholders and Crisis Performance
Tue: 17:30 – 18:45
Session 13: The Problem of Performance in the Theory of the Firm:


Strategic Management Society

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