• How can we signal the value of our knowledge? Knowledge-based reputation and its impact on firm performance in science-based industries

      Erden, Zeynep; Klang, David; Sydler, Renato; von Krogh, Georg (Long Range Planning, 2015)
      This study shows that the value of a firm's knowledge stocks in a stakeholder group is determined by the rules, values, norms and social evaluations conducted in that group. Based on prior work on the knowledge-based view of the firm and institutional theory, we develop a model of the relationship between the reputation of a firm's knowledge stocks in the scientific and business communities, and the impact of these assets on firm performance. We test the model in a longitudinal research setting with a set of carefully sampled public biopharmaceutical firms. The results indicate that the social evaluations of knowledge stocks by both the scientific and business communities affect firm performance. We indicate the implications of our findings for academic thought and for management practice.
    • Knowledge-flows and firm performance

      Erden, Zeynep; Klang, David; Sydler, Renato; von Krogh, Georg (Journal of Business Research, 2014)
      This study advances the understanding of how knowledge-flows impact on firm performance. Incorporating recent research on the knowledge-based view of the firm, this paper tests and extends the knowledge flow model by using more fine-grained measures and by proposing a nonlinear effect. This study tests the predicted effects in a longitudinal research design with data on a global sample of public biopharmaceutical firms. The results largely support the expectation that knowledge-flows largely have a nonlinear impact on firm performance. However, one traditional measure of knowledge-flows, geographical location, turns out to have no significant influence in the extended model. The paper explains the implications of these findings for practice and research.
    • The business model paradox: A systematic review and exploration of antecedents

      Klang, David; Wallnöfer, F.; Hacklin, Fredrik (International Journal of Management Reviews, 2014)
      The business model has become a popular concept in business and management fields. Yet, it is suffering from a paradox between outstanding popularity and severe criticism, which appears to impede the positive development of the scholarly discourse on the business model concept. Against this background, the purpose of this study is to provide insight into the antecedents of this paradox and to understand their implications for the future development of the concept. The following contributions are made. First, the authors apply a narrative approach to recognizing and interpreting the paradox, and introduce the analysis of syntactics of scholarly discourse as a novel method of investigating management concepts. Second, as a result of elaborating on recurrent themes and tensions in scholarly discourse, the authors extend the literature on business models through theorizing on the core of the concept along the dimensions of classification, constitution and configuration. In particular, they identify the simultaneity of separation and attachment as the main antecedent of the business model paradox. Third, the authors offer implications for further advancing the development of this management concept, and highlight the need for spurring integrative research while at the same time maintaining a plurality of perspectives.