{"id":"https://openalex.org/W3124076648","doi":"https://doi.org/10.1002/smj.2708","title":"Toward a dynamic notion of value creation and appropriation in firms: T he concept and measurement of economic gain","display_name":"Toward a dynamic notion of value creation and appropriation in firms: T he concept and measurement of economic gain","publication_year":2017,"publication_date":"2017-09-18","ids":{"openalex":"https://openalex.org/W3124076648","doi":"https://doi.org/10.1002/smj.2708","mag":"3124076648"},"language":"en","primary_location":{"id":"doi:10.1002/smj.2708","doi":"https://doi.org/10.1002/smj.2708","is_oa":false,"landing_page_url":"https://doi.org/10.1002/smj.2708","pdf_url":null,"source":{"id":"https://openalex.org/S102949365","display_name":"Strategic Management Journal","issn_l":"0143-2095","issn":["0143-2095","1097-0266"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Management Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076830213","display_name":"Marvin B. Lieberman","orcid":"https://orcid.org/0000-0003-2383-5660","observed_orcids":["https://orcid.org/0000-0003-2383-5660"]},"institutions":[{"id":"https://openalex.org/I161318765","display_name":"University of California, Los Angeles","ror":"https://ror.org/046rm7j60","country_code":"US","type":"education","lineage":["https://openalex.org/I161318765"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Marvin B. Lieberman","raw_affiliation_strings":["UCLA Anderson School of Management, Los Angeles, California"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"UCLA Anderson School of Management, Los Angeles, California","institution_ids":["https://openalex.org/I161318765"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5054069581","display_name":"Natarajan Balasubramanian","orcid":"https://orcid.org/0000-0002-3513-5090","observed_orcids":["https://orcid.org/0000-0002-3513-5090"]},"institutions":[{"id":"https://openalex.org/I70983195","display_name":"Syracuse University","ror":"https://ror.org/025r5qe02","country_code":"US","type":"education","lineage":["https://openalex.org/I70983195"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Natarajan Balasubramanian","raw_affiliation_strings":["Whitman School of Management, Syracuse, New York"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Whitman School of Management, Syracuse, New York","institution_ids":["https://openalex.org/I70983195"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5079236302","display_name":"Roberto Garc\u00eda\u2010Castro","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405253577","display_name":"IESE Business School","ror":"https://ror.org/00v9d4z37","country_code":"ES","type":"education","lineage":["https://openalex.org/I4405253577","https://openalex.org/I88155538"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Roberto Garcia\u2010Castro","raw_affiliation_strings":["IESE Business School, Madrid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IESE Business School, Madrid, Spain","institution_ids":["https://openalex.org/I4405253577"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5076830213"],"corresponding_institution_ids":["https://openalex.org/I161318765"],"apc_list":{"value":4250,"currency":"USD","value_usd":4250},"apc_paid":null,"fwci":8.1345,"has_fulltext":false,"cited_by_count":44,"citation_normalized_percentile":{"value":0.96920144,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"39","issue":"6","first_page":"1546","last_page":"1572"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.7832000255584717,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.7832000255584717,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13151","display_name":"Business Strategies and Innovation","score":0.09730000048875809,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11114","display_name":"Service and Product Innovation","score":0.04529999941587448,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/value-creation","display_name":"value creation","score":0.9950000047683716},{"id":"https://openalex.org/keywords/economic-benefits","display_name":"economic benefits","score":0.8999999761581421},{"id":"https://openalex.org/keywords/total-surplus","display_name":"total surplus","score":0.7739999890327454},{"id":"https://openalex.org/keywords/innovation","display_name":"innovation","score":0.6549999713897705},{"id":"https://openalex.org/keywords/competitive-displacement","display_name":"competitive displacement","score":0.6389999985694885},{"id":"https://openalex.org/keywords/shareholder-value","display_name":"shareholder value","score":0.7950000166893005},{"id":"https://openalex.org/keywords/air-transport","display_name":"airline industry","score":0.7689999938011169},{"id":"https://openalex.org/keywords/southwest-airlines","display_name":"Southwest Airlines","score":0.9959999918937683},{"id":"https://openalex.org/keywords/american-airlines","display_name":"American Airlines","score":0.8529999852180481},{"id":"https://openalex.org/keywords/stakeholder-theory","display_name":"stakeholder theory","score":0.4259999990463257}],"concepts":[{"id":"https://openalex.org/C127576917","wikidata":"https://www.wikidata.org/wiki/Q624630","display_name":"Competitor analysis","level":2,"score":0.7098559737205505},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.5693698525428772},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.5407258868217468},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5117442607879639},{"id":"https://openalex.org/C167393938","wikidata":"https://www.wikidata.org/wiki/Q268617","display_name":"Economic surplus","level":3,"score":0.5102341175079346},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.48973822593688965},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4842624068260193},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.46527573466300964},{"id":"https://openalex.org/C110121322","wikidata":"https://www.wikidata.org/wiki/Q865811","display_name":"Distribution (mathematics)","level":2,"score":0.4473872184753418},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4417397975921631},{"id":"https://openalex.org/C2776931063","wikidata":"https://www.wikidata.org/wiki/Q4781738","display_name":"Appropriation","level":2,"score":0.4376864433288574},{"id":"https://openalex.org/C2986652750","wikidata":"https://www.wikidata.org/wiki/Q11700776","display_name":"Value creation","level":2,"score":0.4209112823009491},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4017393887042999},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.15415239334106445},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.1472415328025818},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12417170405387878},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.10113820433616638},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/smj.2708","doi":"https://doi.org/10.1002/smj.2708","is_oa":false,"landing_page_url":"https://doi.org/10.1002/smj.2708","pdf_url":null,"source":{"id":"https://openalex.org/S102949365","display_name":"Strategic Management Journal","issn_l":"0143-2095","issn":["0143-2095","1097-0266"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Management Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.48510000109672546,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321837","display_name":"Ministerio de Econom\u00eda y Competitividad","ror":"https://ror.org/034900433"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W1521127873","https://openalex.org/W1566831926","https://openalex.org/W1805212420","https://openalex.org/W1905961228","https://openalex.org/W1973794711","https://openalex.org/W1982591614","https://openalex.org/W1989864366","https://openalex.org/W1994706313","https://openalex.org/W1997088154","https://openalex.org/W1997202527","https://openalex.org/W2005593452","https://openalex.org/W2015396195","https://openalex.org/W2020619195","https://openalex.org/W2032374270","https://openalex.org/W2036715421","https://openalex.org/W2043332151","https://openalex.org/W2043455849","https://openalex.org/W2045496608","https://openalex.org/W2047709631","https://openalex.org/W2052470157","https://openalex.org/W2076779193","https://openalex.org/W2078749862","https://openalex.org/W2088189641","https://openalex.org/W2089087592","https://openalex.org/W2123131772","https://openalex.org/W2140956556","https://openalex.org/W2148553009","https://openalex.org/W2154223120","https://openalex.org/W2159881076","https://openalex.org/W2164313602","https://openalex.org/W2202563661","https://openalex.org/W2265790795","https://openalex.org/W2496683260","https://openalex.org/W2516847807","https://openalex.org/W2992958150","https://openalex.org/W3123454541","https://openalex.org/W3123938681","https://openalex.org/W3124536214","https://openalex.org/W3125094182","https://openalex.org/W4249146385","https://openalex.org/W4252453795","https://openalex.org/W6638638564"],"related_works":["https://openalex.org/W2098178729","https://openalex.org/W2516847807","https://openalex.org/W2219988449","https://openalex.org/W4400441793","https://openalex.org/W2797626658","https://openalex.org/W1874146900","https://openalex.org/W1513194511","https://openalex.org/W3206051955","https://openalex.org/W2328875438","https://openalex.org/W4388649205"],"abstract_inverted_index":{"Research":[0],"Summary":[1,122],":":[2,123],"\u201cValue":[3],"creation\u201d":[4,132],"is":[5,163],"central":[6],"to":[7,81,158,165,191],"strategy.":[8],"Even":[9],"so,":[10],"confusion":[11],"arises":[12],"because":[13],"it":[14],"can":[15,64],"be":[16,192],"defined":[17,55],"in":[18,30,39,59,136,143,196],"different":[19],"ways,":[20],"e.g.,":[21],"as":[22,36,56,133],"the":[23,37,45,50,57,91,104,127,134,160,169,201],"sum":[24],"of":[25,52,108,152,168,186],"producer":[26],"and":[27,85,96,106,114,119,126,174,189,194,209],"consumer":[28],"surplus":[29,40],"a":[31,70,77,141,178],"given":[32],"time":[33],"period,":[34],"or":[35,68,146],"change":[38],"over":[41,212],"time.":[42],"To":[43],"formalize":[44],"latter":[46],"notion,":[47],"we":[48,102],"introduce":[49],"concept":[51],"economic":[53,83,109],"gain,":[54],"increase":[58,135],"total":[60],"surplus.":[61],"Economic":[62],"gain":[63,84,110],"arise":[65],"through":[66],"innovation":[67],"when":[69],"superior":[71],"firm":[72],"displaces":[73],"competitors.":[74],"We":[75,176,199],"provide":[76],"firm\u2010level":[78],"measurement":[79],"framework":[80,180,202],"quantify":[82],"its":[86],"distribution":[87,107,190],"among":[88],"stakeholders,":[89],"including":[90,171],"firm's":[92],"shareholders,":[93],"employees,":[94,172],"suppliers,":[95,173],"customers.":[97,175],"As":[98],"an":[99],"empirical":[100],"illustration,":[101],"compare":[103],"creation":[105,154,188],"by":[111,140],"Southwest":[112,207],"Airlines":[113,116,208,211],"American":[115,210],"between":[117],"1980":[118],"2010.":[120],"Managerial":[121],"Most":[124],"managers":[125],"business":[128],"press":[129],"regard":[130],"\u201cvalue":[131],"shareholder":[137],"wealth":[138],"represented":[139],"rise":[142],"corporate":[144],"profit":[145],"stock":[147],"price.":[148],"A":[149],"broader":[150,184],"conception":[151],"value":[153,161,187],"goes":[155],"beyond":[156],"shareholders":[157],"include":[159],"that":[162,181],"distributed":[164],"additional":[166],"stakeholders":[167],"firm,":[170],"develop":[177],"mathematical":[179],"allows":[182],"this":[183],"notion":[185],"assessed":[193],"quantified":[195],"many":[197],"cases.":[198],"illustrate":[200],"using":[203],"historical":[204],"data":[205],"on":[206],"3":[213],"decades.":[214]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":8},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2021-02-01T00:00:00"}