The impact of knowledge diversity: Integrating two economic perspectives through the dynamic capability approach

Autor:	Hiroko Nagano
Rok vydání:	2020
Předmět:	Transaction cost Computer science Strategy and Management 05 social sciences Perspective (graphical) Management Science and Operations Research Management of Technology and Innovation 0502 economics and business Capability approach Evolutionary economics 050207 economics Business and International Management Dynamic capabilities 050203 business & management Industrial organization Diversity (business)
Zdroj:	Managerial and Decision Economics. 41:1057-1070
ISSN:	1099-1468 0143-6570
DOI:	10.1002/mde.3159
Popis:	This paper analyzes the two economic perspectives underlying the contradictory results of existing studies regarding the relationship between diversity and performance and integrates them using the dynamic capability approach. Transaction cost economics suggests that knowledge diversity has a negative impact on cost‐saving performance, whereas evolutionary economics suggests that knowledge diversity has a positive impact on value‐creation performance. According to the dynamic capability approach, the perspective of transaction cost economics is shown to relate to ordinary capabilities, whereas the perspective of evolutionary economics is shown to relate to dynamic capabilities. The former should be pursued in subservience to the latter.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::26cceee4449b80d0b53d67f71dc65bb5 https://doi.org/10.1002/mde.3159 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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