Global trends and future research resources-based view theory in management science through a scoping review and bibliometric analysis

Stefanus Rumangkit; Hartiwi Prabowo

doi:10.31893/multirev.2025013

Keywords:

resources-based view

dynamic capabilities

VRIO

Abstract

The objective of this study was to analyze recent research conditions and future research themes related to the resource-based view (RBV). The scoping review and bibliometric analysis (ScoRBA) method was used in this study. The data sources of this study were 171 scientific articles collected from Scopus. This study was conducted to visualize the results of the bibliometric analysis via co-occurrence analysis and thematic maps via VOSviewer software. The keyword used to find the scientific articles was a resource-based view, which was sought in the titles, abstracts, and keywords. The selected articles were scientific articles published from 1997--2024. The data analysis used in this research was through a co-occurrence analysis applied to the citations of the scientific articles, authors, and countries. The results of this study revealed six clusters of research variables related to the RBV, e.g., cluster 1 (capability, competitiveness, company performance, and strategy), cluster 2 (competitive advantage, personal management skills, investment, project management, and resource management strategies), cluster 3 (entrepreneurship, human resources, innovation, and social capital), cluster 4 (industrial management, information management, information technology, resource allocation, and planning strategies), and clusters 5 and 6 (intangible resources, profitability, corporate sustainability, and institutions). In addition, the future research themes associated with the RBV include dynamic capabilities, financial resources, human capital, profitability, and competitive ability.
References
1. Barney, J. B., Ketchen, D. J., & Wright, M. (2011). The Future of Resource-Based Theory: Revitalization or Decline? Journal of Management, 37(5), 1299–1315. https://doi.org/10.1177/0149206310391805
2. Barney, J. B., Ketchen, D. J., & Wright, M. (2021). Bold Voices and New Opportunities: An Expanded Research Agenda for the Resource-Based View. Journal of Management, 47(7), 1677–1683. https://doi.org/10.1177/01492063211014276
3. Burvill, S. M., Jones-Evans, D., & Rowlands, H. (2018). Reconceptualising the principles of Penrose’s (1959) theory and the resource based view of the firm: The generation of a new conceptual framework. Journal of Small Business and Enterprise Development, 25(6), 930–959. https://doi.org/10.1108/JSBED-11-2017-0361
4. Elia, S., Giuffrida, M., Mariani, M. M., & Bresciani, S. (2021). Resources and digital export: An RBV perspective on the role of digital technologies and capabilities in cross-border e-commerce. Journal of Business Research, 132, 158–169. https://doi.org/10.1016/j.jbusres.2021.04.010
5. Gaudenzi, B., Mola, L., & Rossignoli, C. (2021). Hitting or missing the target: Resources and capabilities for alternative e-commerce pathways in the fashion industry. Industrial Marketing Management, 93, 124–136. https://doi.org/10.1016/j.indmarman.2020.12.016
6. Gibson, C. B., Gibson, S. C., & Webster, Q. (2021). Expanding Our Resources: Including Community in the Resource-Based View of the Firm. Journal of Management, 47(7), 1878–1898. https://doi.org/10.1177/0149206320987289
7. Herhausen, D., Morgan, R. E., Brozović, D., & Volberda, H. W. (2021). Re-examining Strategic Flexibility: A Meta-Analysis of its Antecedents, Consequences and Contingencies. British Journal of Management, 32(2), 435–455. https://doi.org/10.1111/1467-8551.12413
8. Huang, K., Wang, K., Lee, P. K. C., & Yeung, A. C. L. (2023). The impact of industry 4.0 on supply chain capability and supply chain resilience: A dynamic resource-based view. International Journal of Production Economics, 262, 108913. https://doi.org/10.1016/j.ijpe.2023.108913
9. Hunt, S. D., & Madhavaram, S. (2020). Adaptive marketing capabilities, dynamic capabilities, and renewal competences: The “outside vs. inside” and “static vs. dynamic” controversies in strategy. Industrial Marketing Management, 89, 129–139. https://doi.org/10.1016/j.indmarman.2019.07.004
10. Mackey, A., & Mackey, T. B. (2023). Seinfeld on Resources: Causal Ambiguity, the Perils of Imitable Resources, and the Durability of Resource-Based Advantages. Management Teaching Review, 23792981231216457. https://doi.org/10.1177/23792981231216457
11. Memon, M. A., Salleh, R., Mirza, M. Z., Cheah, J.-H., Ting, H., & Ahmad, M. S. (2019). Performance appraisal satisfaction and turnover intention: The mediating role of work engagement. Management Decision, 58(6), 1053–1066. https://doi.org/10.1108/MD-06-2018-0685
12. Miroshnychenko, I., Strobl, A., Matzler, K., & De Massis, A. (2021). Absorptive capacity, strategic flexibility, and business model innovation: Empirical evidence from Italian SMEs. Journal of Business Research, 130, 670–682. https://doi.org/10.1016/j.jbusres.2020.02.015
13. Ozdemir, S., Carlos Fernandez de Arroyabe, J., Sena, V., & Gupta, S. (2023). Stakeholder diversity and collaborative innovation: Integrating the resource-based view with stakeholder theory. Journal of Business Research, 164, 113955. https://doi.org/10.1016/j.jbusres.2023.113955
14. Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hróbjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., … Moher, D. (2021). The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. International Journal of Surgery, 88, 105906. https://doi.org/10.1016/j.ijsu.2021.105906
15. Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
16. Wernerfelt, B. (1995). The resource‐based view of the firm: Ten years after. Strategic Management Journal, 16(3), 171–174. https://doi.org/10.1002/smj.4250160303
17. Zahra, S. A. (2021). The Resource-Based View, Resourcefulness, and Resource Management in Startup Firms: A Proposed Research Agenda. Journal of Management, 47(7), 1841–1860. https://doi.org/10.1177/01492063211018505
18. Zaman, M., Vo-Thanh, T., Hasan, R., Shams, S. M. R., & Vukovic, D. B. (2022). How can hotels create sustainable competitive advantages? A resource-based view. Journal of Strategic Marketing, 0(0), 1–16. https://doi.org/10.1080/0965254X.2022.2066558

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to cite

Rumangkit, S., & Prabowo, H. (2024). Global trends and future research resources-based view theory in management science through a scoping review and bibliometric analysis . Multidisciplinary Reviews, 8(1), 2025013. https://doi.org/10.31893/multirev.2025013

[1] Barney, J. B., Ketchen, D. J., & Wright, M. (2011). The Future of Resource-Based Theory: Revitalization or Decline? Journal of Management, 37(5), 1299–1315. https://doi.org/10.1177/0149206310391805

[2] Barney, J. B., Ketchen, D. J., & Wright, M. (2021). Bold Voices and New Opportunities: An Expanded Research Agenda for the Resource-Based View. Journal of Management, 47(7), 1677–1683. https://doi.org/10.1177/01492063211014276

[3] Burvill, S. M., Jones-Evans, D., & Rowlands, H. (2018). Reconceptualising the principles of Penrose’s (1959) theory and the resource based view of the firm: The generation of a new conceptual framework. Journal of Small Business and Enterprise Development, 25(6), 930–959. https://doi.org/10.1108/JSBED-11-2017-0361

[4] Elia, S., Giuffrida, M., Mariani, M. M., & Bresciani, S. (2021). Resources and digital export: An RBV perspective on the role of digital technologies and capabilities in cross-border e-commerce. Journal of Business Research, 132, 158–169. https://doi.org/10.1016/j.jbusres.2021.04.010

[5] Gaudenzi, B., Mola, L., & Rossignoli, C. (2021). Hitting or missing the target: Resources and capabilities for alternative e-commerce pathways in the fashion industry. Industrial Marketing Management, 93, 124–136. https://doi.org/10.1016/j.indmarman.2020.12.016

[6] Gibson, C. B., Gibson, S. C., & Webster, Q. (2021). Expanding Our Resources: Including Community in the Resource-Based View of the Firm. Journal of Management, 47(7), 1878–1898. https://doi.org/10.1177/0149206320987289

[7] Herhausen, D., Morgan, R. E., Brozović, D., & Volberda, H. W. (2021). Re-examining Strategic Flexibility: A Meta-Analysis of its Antecedents, Consequences and Contingencies. British Journal of Management, 32(2), 435–455. https://doi.org/10.1111/1467-8551.12413

[8] Huang, K., Wang, K., Lee, P. K. C., & Yeung, A. C. L. (2023). The impact of industry 4.0 on supply chain capability and supply chain resilience: A dynamic resource-based view. International Journal of Production Economics, 262, 108913. https://doi.org/10.1016/j.ijpe.2023.108913

[9] Hunt, S. D., & Madhavaram, S. (2020). Adaptive marketing capabilities, dynamic capabilities, and renewal competences: The “outside vs. inside” and “static vs. dynamic” controversies in strategy. Industrial Marketing Management, 89, 129–139. https://doi.org/10.1016/j.indmarman.2019.07.004

[10] Mackey, A., & Mackey, T. B. (2023). Seinfeld on Resources: Causal Ambiguity, the Perils of Imitable Resources, and the Durability of Resource-Based Advantages. Management Teaching Review, 23792981231216457. https://doi.org/10.1177/23792981231216457

[11] Memon, M. A., Salleh, R., Mirza, M. Z., Cheah, J.-H., Ting, H., & Ahmad, M. S. (2019). Performance appraisal satisfaction and turnover intention: The mediating role of work engagement. Management Decision, 58(6), 1053–1066. https://doi.org/10.1108/MD-06-2018-0685

[12] Miroshnychenko, I., Strobl, A., Matzler, K., & De Massis, A. (2021). Absorptive capacity, strategic flexibility, and business model innovation: Empirical evidence from Italian SMEs. Journal of Business Research, 130, 670–682. https://doi.org/10.1016/j.jbusres.2020.02.015

[13] Ozdemir, S., Carlos Fernandez de Arroyabe, J., Sena, V., & Gupta, S. (2023). Stakeholder diversity and collaborative innovation: Integrating the resource-based view with stakeholder theory. Journal of Business Research, 164, 113955. https://doi.org/10.1016/j.jbusres.2023.113955

[14] Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hróbjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., … Moher, D. (2021). The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. International Journal of Surgery, 88, 105906. https://doi.org/10.1016/j.ijsu.2021.105906

[15] Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z

[16] Wernerfelt, B. (1995). The resource‐based view of the firm: Ten years after. Strategic Management Journal, 16(3), 171–174. https://doi.org/10.1002/smj.4250160303

[17] Zahra, S. A. (2021). The Resource-Based View, Resourcefulness, and Resource Management in Startup Firms: A Proposed Research Agenda. Journal of Management, 47(7), 1841–1860. https://doi.org/10.1177/01492063211018505

[18] Zaman, M., Vo-Thanh, T., Hasan, R., Shams, S. M. R., & Vukovic, D. B. (2022). How can hotels create sustainable competitive advantages? A resource-based view. Journal of Strategic Marketing, 0(0), 1–16. https://doi.org/10.1080/0965254X.2022.2066558

Abstract

References

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