“…Prior literature has often classified resources into two broad categoriestangible (can be seen and quantified including many types of physical assets) and intangible (difficult to quantify and not easily separable from the firm, including many types of knowledge assets or reputation) (Marr and Roos, 2005). According to the RBT, every firm possesses a combination of tangible and intangible resources, whose quantum and quality determine its success in the marketplace (Bretherton and Chaston, 2005;Galbreath, 2005;Greco et al, 2013;Huang et al, 2015;Liu and Yang, 2019;Prabhudesai and Prasad, 2018). While possession of both tangible and intangible resources can make a firm an attractive SA partner and hence promote SA formation, we will argue below that the two resource types will have differential implications for SA formation.…”