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

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    Publication type
    Vlerick strategic journal article
    Author
    Erden, Zeynep
    Klang, David
    Sydler, Renato
    von Krogh, Georg
    Publication Year
    2015
    Journal
    Long Range Planning
    Publication Volume
    48
    Publication Issue
    4
    Publication Begin page
    252
    Publication End page
    264
    
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    Abstract
    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.
    Keyword
    Knowledge
    Knowledge Domain/Industry
    Operations & Supply Chain Management
    Strategy
    DOI
    10.1016/j.lrp.2014.07.003
    URI
    http://hdl.handle.net/20.500.12127/5926
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.lrp.2014.07.003
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