Utility and Matching Measure Model of Firm Resources

Abstract

Abstract:

Resource matching has important effects on firm performance. This paper constructs two models to measure the resource utility and matching condition of enterprises' tangible and intangible resources based on the utility theory. We calculate the utility values and figure out the matching relationship of firm's resources. In order to ensure the feasibility and validity of the models, we collect data from manufacturing and high technology industries, including three automobile firms and two pharmaceutical enterprises, to examine the designed models. The theoretical utility and matching results are consistent with the resources input of firms in practice. The two models presented in this paper provide a theoretical evidence for measuring the usability and matching condition of firms' resources input.

Key words: resources utility, utility measure, resource matching

Dong Xueyan, Wang Tienan, Zhao Chao. Utility and Matching Measure Model of Firm Resources[J]. , 2016, 28(5): 107-121.

References

[1] Wernerfelt B. A. Resource-based View of the Firm[J]. Strategic Management Journal, 1984,5(2):171-180
[2] Barney J. B. Firm Resources and Sustained Competitive[J]. Journal of Management, 1991,17(1):99-120
[3] 曹红军,卢长宝,王以华.资源异质性如何影响企业绩效:资源管理能力调节效应的检验和分析[J]. 南开管理评论, 2011, 14(4):25-31
[4] Sirmon D. G., Hitt M. A., Ireland R. D. Managing Firm Resource in Dynamic Environments to Create Value: Looking inside the Black Box[J]. Academy of Management Review, 2007,32(1):273-292
[5] Newbert S. L. Emprical Research on the Resource-based View of the Firm: An Assessment and Suggestions for Future Research[J]. Strategic Management Journal, 2007,28(2):121-146
[6] Carmeli A., Tishler A. The Relationships between Intangible Organizational Elements and 0rganizational Performance[J]. Strategic Management Journal, 2004,25(13):1257-1278
[7] Newbert S. L. Value, Rareness, Competitive Advantage, and Performance: A Conceptual-level Empirical Investigation of the Resource-based View of the Firm[J]. Strategic Management Journal, 2008,29(7):745-768
[8] Muller A., Kolk A. Extrinsic and Intrinsic Drivers of Corporate Social Performance: Evidence from Foreign and Domestic Firm in Mexico[J]. Journal of Management Studies, 2010,47(1):1-26
[9] Helfat C. E., Peteraf M. A. The Dynamic Resource-based View: Capability Lifecycles[J]. Strategy Management Journal, 2003,24(10): 997-1010
[10] 王延章. 消费效用函数与消费需求[J]. 系统工程, 1987,5(4):52-61
[11] Bombardini M., Trebbi F. Risk Aversion and Expected Utility Theory: An Experiment with Large and Small Stakes[J]. Journal of the European Economic Association, 2012,10(6):1348-1399
[12] Hassan N., Loon L. L. Goal Programming with Utility Function for Funding Allocation of A University Library[J]. Applied Mathematical Sciences, 2012,6(110):5487-5493
[13] 王庆,刘琨.基于效用理论的员工主动离职决策模型研究[J]. 管理评论, 2009,21(5):86-90
[14] 王玢,许健.考虑就业弹性的最终需求就业效应测度[J]. 管理评论, 2013,25(3):12-17
[15] 张怡然,邱道持,李艳,骆东奇,石永明.基于效用函数的农村宅基地用地标准研究-以渝北11区县为例[J]. 资源科学, 2011,33(1):120-126
[16] 贺正楚,文析.消费效用函数模型的改进与企业定价策略[J]. 系统工程, 2009,27(10):95-97
[17] 王崇,李一军,吴价宝.基于感知效用的消费者购物渠道决策分析与实证研究[J]. 管理评论, 2012,24(10):85-93
[18] 赵凤,王铁男,张良.多元化战略对企业绩效影响的实证研究[J]. 中国软科学, 2013,(11):111-122
[19] 陈希,樊治平.双边匹配决策的研究现状与展望[J]. 管理评论, 2012,24(1):169-176
[20] Kampker A., Burggräf P., Nee C. Strategic Fit: Overview of Cost, Quality and Scalability Impact on the Added Value Network in Electric Engine Production[J]. Advanced Materials Research, 2014,(907):379-389
[21] Hayes J., Allinson C. Cognitive Style and the Theory and Practice of Individual and Collective Learning in Organizations[J]. Human Relations, 1998,51(7): 847-871
[22] Zajac E. J., Kraatz S., Bresser K. F. Modeling the Dynamics of Strategic Fit: A Normative Approach to Strategic Change[J]. Strategic Management Journal, 2000,21(4):429-453
[23] Hambrick D. C. Some Tests of The Effectiveness and Functional Attributes of Miles and Snow Strategic Types[J]. Academy of Management Journal, 1983,(1):5-26
[24] Luo Y., Justin T. J. A Comparison of Multinational and Domestic Firms in an Emerging Market: A Strategic Choice Perspective[J]. Journal of International Management, 1998,(l):21-40
[25] Elmuti D., Abou-Zaid A. S., Jia H. Role of Strategic Fit and Resource Complementarity in Strategic Alliance Effectiveness[J]. Journal of Global Business & Technology, 2012,8(2):16-28
[26] Child J. Organizational Structure, Environment and Performance[J]. Sociology, 1972,6(1)1-22
[27] Bergeron F., Raymond L., Rivard S. Ideal Patterns of Strategic Alignment and Business Performance[J]. Information & Management, 2004,41(8):1003-1020
[28] 张荣琳,霍国庆.企业战略风险的类型、成因与对策分析[J]. 中国软科学, 2007,(6):50-57
[29] Ahearne M., Lam S. K., Kraus F. Performance Impact of Middle Managers' Adaptive Strategy Implementation: The Role of Social Capital[J]. Strategic Management Journal, 2014,35(1):68-87
[30] Schermelleh-Engel K., Kerwer M., Klein A. G. Evaluation of Model Fit in Nonlinear Multilevel Structural Equation Modeling[J]. Frontiers in Psychology, 2014,(5):181
[31] Kominers S. D. On the Correspondence of Contracts to Salaries in (many-to-many) Matching[J]. Games and Economic Behavior, 2012,75(2):984-989
[32] 毛基业,苏芳.组织连接破裂与应对措施:供应商视角的案例研究[J]. 南开管理评论, 2012,15(6):111-122
[33] Aboody D., Barth M. E., Kasznik R. Revaluations of Fixed Assets and Future Firm Performance: Evidence From the UK[J]. Journal of Accounting and Economics, 1999,26(1):149-178
[34] Hay A. D. The Post-1990 Brazilian Trade Liberalisation and the Performance of Large Manufacturing Firms: Productivity, Market Share and Profits[J]. The Economic Journal, 2001,111(473):620-641
[35] 王维平,刘旭.广义无形资产及其功能分析[J]. 管理世界, 2005,(11):10-26
[36] Itami H., Roehl T. W. Mobilizing Invisible Assets[M]. Cambridge, MA: Harvard University Press, 1987
[37] Hall R. A Framework Linking Intangible Resources and Capabiliites to Sustainable Competitive Advantage[J]. Strategic Management Journal, 2006,14(8):607-618
[38] Chan L. K. C., Lakonishok J., Sougiannis T. The Stock Market Valuation of Research and Development Expenditures[J]. The Journal of Finance, 2001,56(6):2431-2456
[39] Belderbos R., Carree M., Lokshin B. Cooperative R&D and firm performance[J]. Research Policy, 2004,33(10):1477-1492