Edith Penrose's (1959) Contributions to the Resource-based View of Strategic Management

Yasemin Y. Kor, Joseph T. Mahoney

Research output: Contribution to journalReview article


We argue that Rugman and Verbeke (2002) underestimate the importance of Penrose's (1959) contributions to the modern resource-based view of the firm. In particular, we take issue with Rugman and Verbeke's (2002) arguments concerning Penrose's (1959) contributions to our knowledge of: (1) the creation of competitive advantage, (2) sustaining competitive advantage, (3) isolating mechanisms, and (4) competitive advantage and economic rents. In our response, we show that Penrose (1959) has both directly and indirectly influenced the modern resource-based view of strategic management.

Original languageEnglish (US)
Pages (from-to)183-191
Number of pages9
JournalJournal of Management Studies
Issue number1
StatePublished - Jan 1 2004


ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Management of Technology and Innovation

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