TITLE:
The Relationship between Institutional Capital and Competitive Advantage: Literature Review and Future Research
AUTHORS:
Manli Huang, Lihua Cao
KEYWORDS:
Institutional Capital, Competitive Advantage, Resource-Based View, Institution-Based View
JOURNAL NAME:
Open Journal of Business and Management,
Vol.4 No.1,
January
18,
2016
ABSTRACT: The conception of institutional capital was first raised by Oliver, integrating resource-based view
with institutional theory, which provided new theoretical explanation for the source of competitive
advantage. Through extensive literature review, this paper sorts out the definition of institutional
capital and explores the paths form institutional capital to competitive advantage based on
four characteristics of strategic resources. It points out the directions for future research and puts
forward a logic framework and theoretical innovation space in Chinese context.