Product Development Resource and the Scope of the Firm
Posted: 27 Jan 2005
Based on the adjustment-cost theory of the firm and the resource-based view, we argue that many resources contributing to successful new product development make it more attractive for firms to have wider scope. We test the predictions by looking at both actual firm behavior and production functions.
Keywords: Theory of the firm, Adjustments, resources
JEL Classification: D2, L2
Suggested Citation: Suggested Citation