Disentangling the role of the institutional environment in the ownership competence framework: A comment on Foss et al. (2021)

dc.contributor.authorGUILHERME FOWLER DE AVILA MONTEIRO
dc.contributor.authorBRUNO VARELLA MIRANDA
dc.date.accessioned2024-10-14T19:57:18Z
dc.date.available2024-10-14T19:57:18Z
dc.date.issued2023
dc.description.abstractResearch Summary: We extend the ownership com petence framework by discussing how the features of the institutional environment influence the exercise of ownership competence. Two amendments are pro posed. First, we add a new dimension to the frame work, institutional competence (“where to own”), which denotes that individuals and firms have heterogeneous abilities to assess how an institutional environment affects the potential uses of a resource. Second, we argue that institutional uncertainty moderates the three original dimensions of the framework, impairing the exercise of ownership competence of some entrepre neurs and firms more than of others. We use examples from the literature to illustrate our arguments. We also discuss the implications of our analysis. Managerial Summary: The ownership competence framework is built on the idea that business owners have different abilities to deploy resources and create value. Starting from this contribution, we shed light on the specific role that the institutional environment plays in the exercise of ownership competence. We argue that the ownership competence framework must explicitly consider where ownership takes place in order to explain the actions of entrepreneurs and firms. We also claim that institutional uncertainty can influence value creation in more subtle ways than indicated in the original formulation of the ownership competenceframework. All in all, this article paves the way forinstitutional aspects to be considered more explicitly inthe strategic analysis of ownership.pt
dc.formatDigital
dc.format.extentp. 1939 - 1954
dc.identifier.doi10.1002/smj.3462Citations
dc.identifier.issn1097-0266
dc.identifier.issn0143-2095
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/7067
dc.language.isoInglês
dc.publisherJohn Wiley & Sons, Ltd
dc.relation.ispartofStrategic Management Journal
dc.subjectInstitutional competenceen
dc.subjectInstitutional environmenten
dc.subjectInstitutional uncertaintyen
dc.subjectOwnership competenceen
dc.subjectValue creationen
dc.titleDisentangling the role of the institutional environment in the ownership competence framework: A comment on Foss et al. (2021)
dc.typejournal article
dspace.entity.typePublication
local.identifier.sourceUrihttps://onlinelibrary.wiley.com/doi/10.1002/smj.3462
local.publisher.countryNão Informado
local.subject.cnpqCIENCIAS SOCIAIS APLICADAS
local.typeArtigo Científico
publicationissue.issueNumber8
publicationvolume.volumeNumber44
relation.isAuthorOfPublicationacc91f13-6399-4550-8409-8ada90bdff54
relation.isAuthorOfPublicationed06c7f4-4558-4d95-b1ff-47a32f3f4e1b
relation.isAuthorOfPublication.latestForDiscoveryacc91f13-6399-4550-8409-8ada90bdff54
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