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economics and management research on intrafirm coordination. To do so, we make use of work by Coase that is relatively little …
Persistent link: https://www.econbiz.de/10012999896
Should a firm make its own inputs, buy them on the spot market, or maintain an ongoing relationship with a particular supplier? The emergence of the transaction cost approach to vertical integration in the 1970s and 1980s generated a substantial body of empirical research on vertical firm...
Persistent link: https://www.econbiz.de/10014029374
Persistent link: https://www.econbiz.de/10008661391
Since its emergence in the 1970s, transaction cost economics (TCE) has become a leading approach in the research on … contributions by leading scholars in economics, law and business administration - including Oliver E. Williamson, recipient of the … 2009 Nobel Prize in economics for his development of the transaction cost approach - this volume reviews the latest …
Persistent link: https://www.econbiz.de/10011852103
Since its emergence in the 1970s the modern economic or Coasian theory of the firm has been discussed and challenged by sociologists, heterodox economists, management scholars, and other critics. This chapter reviews and assesses these critiques, focusing on behavioral issues (bounded...
Persistent link: https://www.econbiz.de/10014065964
Ever since its emergence in the 1970s the modern economic or Coasian theory of the firm has been discussed and challenged by sociologists, heterodox economists, management scholars, and other critics. This chapter reviews and assesses these critiques, focusing on behavioral issues (bounded...
Persistent link: https://www.econbiz.de/10005627318
costs. We build on property-rights economics to explain how transaction costs affect positioning and offer propositions …
Persistent link: https://www.econbiz.de/10012946708
Research has examined how “economizing” and “strategizing” mechanisms interact in driving competitive outcomes, but the role of coalitions in this process has received little attention. Coalitions between players are established to increase value creation (i.e., economizing), as well as...
Persistent link: https://www.econbiz.de/10012826968
Digital transformation is fundamentally changing the business landscape. It is also affecting the role of top managers within firms. Our survey of more than 160 senior managers in Europe suggests that digitalization, rather than encouraging more decentralized forms of management, will lead to an...
Persistent link: https://www.econbiz.de/10014099168
The rise of contract farming and vertical integration is one of the most important changes in modern agriculture. Yet the adoption and diffusion of these new forms of organization has varied widely across regions, commodities, or farm types. Transaction cost theories have done much in helping us...
Persistent link: https://www.econbiz.de/10012713056