Aliyev, M orcid.org/0000-0002-1457-094X and Kafouros, M (2023) Do Firms Earn Rents from the Intangible Assets of Their Owners? Institution-Based Insights from the Energy Sector. British Journal of Management, 34 (4). pp. 2354-2373. ISSN 1045-3172
Abstract
Firms can earn rents not only from their own intangible assets (FIAs), but also from the intangible assets of their owner organizations (OIAs). Although the literature has established that rent creation from FIAs depends on the quality of institutions, it remains unclear how institutional quality influences rents from OIAs. This study examines how the rents from OIAs and FIAs change when they are deployed in environments with different institutional quality. Combining insights from the resource-based view and institutional economics, we develop and test a set of predictions using a sample of over 6000 energy firms from 23 European countries. The study shows that the effect of institutional quality on rent creation is asymmetric, being positive for FIAs and negative for OIAs. In addition, OIAs drawn from multiple owners create higher rents than OIAs from a single owner. Such ‘multiplicity-of-ownership’ advantages are stronger in countries with better institutional quality. The contribution of the study lies in explaining how the two types of intangible assets generate rents for the focal firm, and in clarifying why the creation of such rents is contingent on the institutional context in which they are deployed.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2023 The Authors. British Journal of Management published by John Wiley & Sons Ltd on behalf of British Academy of Management. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 14 Dec 2022 13:05 |
Last Modified: | 25 Dec 2023 06:43 |
Status: | Published |
Publisher: | Wiley |
Identification Number: | 10.1111/1467-8551.12704 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:194065 |