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Managerial Resources and Rents

Richard P. Castanias¹; Constance E. Helfat²

¹ University of California at Davis · ² Northwestern University

This article analyzes the role of top management as a key resource in obtaining sustained, competitive advantage for thefirm. The nature of managerial skills is examined and linked to isolating mechanisms and firm rents. The article aims to refocus attention on the importance of managerial expertise as a rent-generating firm resource and implies greater alignment of top management-shareholder interests than in many applications of agency theory to the firm.

DOI

10.1177/014920639101700110

Volume

17 (1)

Pages

155-171

Language

en

Export

BibTeX

Sources

crossref