Title :
On the Existence of Knowledge Capital of the Firm
Author :
Wang, Kaiming ; Mo, Jiliang
Author_Institution :
Sch. of Econ. & Manage., China Univ. of Geo-Sci., Wuhan, China
Abstract :
The firm can develop some firm-specific institutional knowledge, with which the firm coordinate specialists´ work under the condition of labor division. Due to the bounded rationality, the complexity of decision-making, uncertainty about the future and imperfect information, efficiency differences occur in developing firm-specific knowledge, and some firms gain knowledge capital. Besides, some isolating mechanisms and imperfect substitutability keep the firm´s knowledge capital durable to add value. The primary contribution of the paper is in demonstrating the existence of knowledge capital as a long-lived phenomenon.
Keywords :
decision making; knowledge management; decision making; firm institutional knowledge; firm knowledge capital; labor division; Conference management; Costs; Engineering management; Industrial engineering; Information management; Innovation management; Knowledge management; Production; Productivity; Resource management; knowledge capital; rents; resource-based view; theory of the firm;
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering, 2009 International Conference on
Conference_Location :
Xi´an
Print_ISBN :
978-0-7695-3876-1
DOI :
10.1109/ICIII.2009.123
