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Resources and their analysis are essential to understand better companies’ internal and external dynamics and the weight each has in obtaining competitive advantages over the competition. This study aims to address the law and legal knowledge as a fundamental resource for companies to succeed in the markets to obtain a sustainable competitive advantage.Design/methodology/approachBased upon a sample of 200 managers, a structural equation model was used to validate the hypotheses under study.FindingsResults show awareness and managers’ perception of the importance of law as a resource and its advantages for companies and the dichotomy between recognising this importance and not using it consistently.Originality/valueKnowing the scope of business law and its growing importance for companies and being academically aware of the inexistence of studies that analyse the law as an individualised resource for companies, this study has a crucial contribution to the interconnection of these two fields – business and law.
Management Research The Journal of the Iberoamerican Academy of Management – Emerald Publishing
Published: Jul 8, 2022
Keywords: Management; Strategy; Competitive advantage; Law; Resource-based view; Direito; Visão baseada em recursos; Conhecimento jurídico; Estratégia; Vantagem competitiva; VBR; Astúcia jurídica; Derecho; Enfoque basado en recursos; Conocimiento legal; Estrategia; Ventaja competitiva; VBR; Astucia legal
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