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A Review of Approaches to Empirical Research on the Resource-Based View of the Firm{dagger}

Craig E. Armstrong

Department of Management and Marketing, University of Alabama, Box 870225, 155 Alston Hall, 361 Stadium Drive, Tuscaloosa, AL 35487, carmstro{at}cba.ua.edu

Katsuhiko Shimizu

Department of Management, University of Texas at San Antonio, One UTSA Circle, San Antonio, TX 78249

This study reviews empirical studies of the resource-based view (RBV) and examines methodological issues and new directions that will help to clarify the value and boundaries of the RBV. Through our comprehensive review of the research design and operationalization of resource-based constructs used in 125 empirical studies, we (1) discuss key empirical issues particularly important to RBV research, (2) illustrate how researchers have or have not overcome some of these challenges, and (3) highlight two important approaches that offer promise for sharpening the boundary conditions of the RBV: an integrative framework for RBV research and utilization of nonsignificant results.

Key Words: resource-based view • operationalization of resources • sustainability • confounding factors • nonsignificant results

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Journal of Management, Vol. 33, No. 6, 959-986 (2007)
DOI: 10.1177/0149206307307645
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