Ownership competence: The enabling and constraining role of institutions

Research Summary Monteiro and Miranda (2022) argue that owners differ in their ability to select work within a particular institutional environment, suggesting “institutional competence” as dimension of ownership competence distinct from what we call governance, matching, timing competence. We agree institutions matter welcome the chance describe role detail. However, rather than treating separate channel by which create value assets, think features can be modeled “shift parameters” moderate effect competencies on outcomes. In developing this argument, reflect more broadly interplay between uncertainty, noting society at large benefits individual-level competence, some may cause harm other owners, property-rights enforcement are complements generating private societal benefits. Managerial “Ownership Competence” (Foss et al., 2021) argued business vary out assets they own, distinguishing should add fourth kind describing choose countries, regions, or environments where best exercise skills. these external conditions important but modifying impact acting an independent channel. our response, also comment broader issues related social aspects ownership.