Empirically exploring the veracity of the new stakeholder perspective in strategy: Documenting workforce rents
Jeroen Neckebrouck,
David Kryscynski
Abstract:Research SummaryWithout compelling empirical proxies for economic profits, we may need to reconsider the decades of empirical research purporting to inform our theories of competitive advantage. The new stakeholder perspective suggests that stakeholders may capture significant shares of the firm's economic profits that should be incorporated into these proxies. In this article, we propose a novel empirical approach to measuring stakeholder rents and then apply our approach to measure workforce rents across the… Show more
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