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The Firm vs. the Market : Dehomogenizing the Transaction Cost Theories of Coase and Williamson
Bylund, Per L. - 2019
It has become commonplace in management research to refer to “transaction cost theory,” a joint Coase-Williamson approach to economic organizing. This off-the-cuff usage overlooks their differences by treating Coase as a pre-Williamsonian. I argue that their theoretical frameworks are...
Persistent link: https://www.econbiz.de/10014108446
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The Entrepreneurial Theory of the Firm and the Theory of the Entrepreneurial Firm
Langlois, Richard N. - 2006
The entrepreneurial theory of the firm argues that entrepreneurship, properly understood, is a crucial but neglected element in explaining the nature and boundaries of the firm. By contrast, the theory of the entrepreneurial firm presumably seeks not to understand the nature and boundaries of...
Persistent link: https://www.econbiz.de/10014027485
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Capabilities, Transaction Costs, and Firm Boundaries : An Integrative Theory
Argyres, Nicholas - 2011
While the literature on firm boundaries has been greatly influenced by transaction cost economics, strategy scholars …
Persistent link: https://www.econbiz.de/10013118308
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The Negotiators Who Knew Too Much : Transaction Costs and Incomplete Information
Schmitz, Patrick W. - 2019
Two parties can at some future date 2 negotiate about whether or not to collaborate in order to generate a surplus. Yet, the negotiation stage will be reached only if at date 1 both parties pay their respective transaction costs. We show that the expected total surplus may be larger when at date...
Persistent link: https://www.econbiz.de/10012891814
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Globalization and vertical structure : an empirical investigation ; conference paper
Bühler, Stefan; Burghardt, Dirk - 2014
This paper studies the effect of trade facilitation on vertical firm structure using plant-level data from Switzerland. Based on the Business Census and the Input-Output table, we first calculate a binary measure of vertical integration for all plants registered in Switzerland. We then estimate...
Persistent link: https://www.econbiz.de/10010483310
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Managerial Authority in the Coasean Firm : An Entrepreneurial Perspective
Foss, Kirsten - 2016
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
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A Knowledge-based Theory of the Firm - A Problem-solving Perspective
Nickerson, Jackson A.; Zenger, Todd - 2014
Knowledge-based theorists have developed two primary arguments to explain the existence of firms: one based on avoiding knowledge transfer and the other based on facilitating knowledge transfer. These arguments are not only contradictory, but also fail to predict when hierarchies supplant...
Persistent link: https://www.econbiz.de/10014028862
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A Knowledge-Based Theory of the Firm - a Problem-Solving Perspective
Nickerson, Jackson A.; Zenger, Todd - 2014
Knowledge-based theorists have developed two primary arguments to explain the existence of firms: one based on avoiding knowledge transfer and the other based on facilitating knowledge transfer. These arguments are not only contradictory, but also fail to predict when hierarchies supplant...
Persistent link: https://www.econbiz.de/10014029564
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Corporate governance
Lehmann, Erik - 2018 - Version , November 19th 2018
interdisciplinary concept encompassing academic fields like finance, economics, accounting, law, taxation and psychology, among others …
Persistent link: https://www.econbiz.de/10011928257
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The new institutional economics - main theories
Obińska-Wajda, Emilia - In: E-Finanse : finansowy kwartalnik internetowy 12 (2016) 1, pp. 78-85
The aim of this arti cle is to show that the New Insti tuti onal Economics is an interdisciplinary stream combining … economics, law, organizati on theory, politi cal sciences, sociology, and anthropology. The main theories which are part of the … New Insti tuti onal Economics are: Agency Theory, Property Rights Theory and Transaction Costs Theory. The basic …
Persistent link: https://www.econbiz.de/10011539833