Back to Search
Start Over
Resource Reconfiguration in Human-Capital-Intensive Firms
- Publication Year :
- 2017
- Publisher :
- HAL CCSD, 2017.
-
Abstract
- Extant research has highlighted the importance of resource reconfiguration for firm performance and has identified important drivers of the reconfiguration of macro-level resources, e.g. business units, focusing primarily on supply-side factors. Yet less is known about drivers of the reconfiguration of micro-level resources, e.g. human assets, and about the role which demand-side factors play in resource reconfiguration. We address these gaps and investigate how client-related factors influence the reconfiguration of micro-level resources in human-asset-intensive firms. Using fine-grained data on law firms advising on M&A mandates, we find that law firms are less likely to reconfigure their human assets (lawyers) on mandates for high-status clients, but more likely to reconfigure them when a client has a greater proclivity to switch business between multiple suppliers. Law firms also reconfigure their human assets less for incoming client projects when they have provided prior M&A services to the client, but they are more likely to reconfigure them when the client relationship has a broader scope. Finally, we also show that the size of a firm's client portfolio lowers reconfiguration. Our paper extends the literature on resource reconfiguration by explicating antecedents of the reconfiguration of micro-level resources and by highlighting the role demand-side factors play in it. We also contribute to the strategic human capital literature by showing how demand-side factors shape human capital deployment. Finally, we also add to the micro-foundations of resource-based theory by studying important micro-foundational processes underlying a firm's capacity to reconfigure its resources.
- Subjects :
- Resource Reconfiguration
Client relationship
Scope (project management)
Control reconfiguration
Human-Asset-Intensive Firms
Human capital
Micro-Foundations of Strategy
Resource Based Theory
Resource (project management)
Extant taxon
Software deployment
Portfolio
[SHS.GESTION]Humanities and Social Sciences/Business administration
Business
[SHS.GESTION] Humanities and Social Sciences/Business administration
Industrial organization
Strategic Human Capital
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.doi.dedup.....287ea17dd941b9e72755a8dcba74b4ae