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Resource Reconfiguration in Human-Capital-Intensive Firms

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.
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Preprints, Working Papers, ...
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https://hal-hec.archives-ouvertes.fr/hal-01941531
Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Saturday, December 1, 2018 - 2:06:42 PM
Last modification on : Sunday, December 2, 2018 - 1:14:28 AM

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  • HAL Id : hal-01941531, version 1

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Philipp Meyer-Doyle, John Kenneth Mawdsley, Olivier Chatain. Resource Reconfiguration in Human-Capital-Intensive Firms. 2017. ⟨hal-01941531⟩

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