摘要：Abstract Firm performance is shaped by value creation and its appropriation, yet extant body of knowledge on management does not provide a comprehensive picture of value appropriation that captures its dynamic nature. Given that the recent advancements in the management field concerning development of the dynamic capabilities perspective shed more light on the core problem and this study draws on those advancements by approaching value appropriation with the dynamic capability-based framework. The aim of this article is to enhance understanding of the complex process of value appropriation by providing both the theoretical conceptualization and empirical evidence of its dynamic nature. Complying with the theory-building objective the research strategy was built on a longitudinal study and a multiple-case design.
