Exploiting the potentials and tackling the problems of resource-based and competence-based research, this paper develops a proposal for a competence-based theory of the firm (CbTF). The CbTF is based on the fundamentals of market process theory and is independent from existing approaches to...

Extant work on lobbying primarily focuses on who is lobbying and is lobbied as well as strategies of how to exert influence. More fundamentally, we address (1) what drives firms to engage in lobbying activities at all and (2) what factors determine the alignment of corporate lobbying. More...

Why do firms exist? The standard answer of economic theory is that firms offer protection against highest levels of uncertainty. The paper employs the competence-based theory of the firm as a branch of market process theory to develop answers that go beyond this traditional viewpoint by...