In the past fifteen years, the resource based view has experienced enormous popularity and support. To the same extent that it has become established as the dominating approach in management science, its shortcomings are becoming more and more apparent. In this essay, we discuss different...

This essay addresses the role of transaction cost economics (TCE) in advancing the resource-based view. In particular, it is argued that TCE has the potential to remedy a number of weak spots in the RBV, such as the absence of attention in the RBV to the interaction between value creation and...