Strategic Assets, Capital Structure, and Firm Performance

Abstract

Possession of strategic assets is a necessary condition for sustained competitive advantage. This condition is, however, not sufficient. Firms require financial management capability to realize the rents present in their strategic assets. The firm-specific nature of strategic assets implies that they be financed primarily through equity; other less specific… (More)

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Cite this paper

@inproceedings{Kochhar1997StrategicAC, title={Strategic Assets, Capital Structure, and Firm Performance}, author={Rahul Kochhar}, year={1997} }