Chapter

Appropriability

John Kay

in Foundations of Corporate Success

Published in print April 1995 | ISBN: 9780198289883
Published online November 2003 | e-ISBN: 9780191718205 | DOI: http://dx.doi.org/10.1093/019828988X.003.0012
 Appropriability

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If a competitive advantage is to form the basis of corporate success, it must also be appropriable. Appropriability is the capacity of the firm to retain the added value it creates for its own benefit. However, who benefits from this added value depends on the decisions of the firm, the structure of the market in which it operates, and the sources of the added value itself.

Keywords: added value; appropriability; competitive advantage; corporate strategy; government; innovation; market structure; shareholders; stakeholders; taxation

Chapter.  4874 words. 

Subjects: Microeconomics

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