... Value and Costs V’ E’ V E D Level of Asset Specificity 29 Strategic Assets, Capital Structure, And Firm Performance PERFORMANCE IMPLICATIONS What does the above discussion imply for firm performance? ... Mobilizing Invisible Assets, Cambridge, MA: Harvard University Press, 1987 Strategic Assets, Capital Structure, And Firm Performance 35 [38] Jensen, M and W Meckling, “Theory of the Firm: Managerial ... condition for firms to obtain a sustained competitive advantage 31 Strategic Assets, Capital Structure, And Firm Performance FIGURE Net Benefits Utilizing Different Mixes of Debt and Equity at...