. Resource-based theory, a mainstream theoretical perspective in the discipline of strategic management, implicitly assumes that … resources. Determination of value creation, which is emphasized in resource-based theory, is informed by a careful examination …

historical comparison of resource-based theory and five schools of thought within industrial organization economics. Conner (1991 …) argues that the fundamental distinction between resource-based theory and transaction costs theory is that resource-based …-based literature at the time the article was published. Second, I raise concerns about building a resource-based theory of the firm …