Journal ArticleDOI
Supplier switching costs and vertical integration in the automobile industry
Kirk Monteverde,David J. Teece +1 more
Abstract:
This article tests a transactions cost theory of vertical integration with data from the U S. automobile industry. Existing theory is first refined to take into account industrial know-how and the cost of transferring such know-how. A testable model is then developed, which is estimated by using probit techniques. The results support the view that transactions cost considerations surrounding the development and deepening of human skills have important ramifications ]br delineating efficient organizational boundaries.read more
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Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance
TL;DR: In this paper, the authors draw on the social and behavioral sciences in an endeavor to specify the nature and microfoundations of the capabilities necessary to sustain superior enterprise performance in an open economy with rapid innovation and globally dispersed sources of invention, innovation, and manufacturing capability.
Journal ArticleDOI
Instrumental stakeholder theory: a synthesis of ethics and economics
TL;DR: In this paper, the authors propose an instrumental theory of stakeholder management based on a synthesis of the stakeholder concept, economic theory, behavioral science, and ethics, with the core theory that a subset of ethical principles (trust, trustworthiness, and cooperativeness) can result in significant competitive advantage.
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The Human Resource Architecture: Toward a Theory of Human Capital Allocation and Development
David P. Lepak,Scott A. Snell +1 more
TL;DR: In this article, the authors draw on the resource-based view of the firm, human capital theory, and transaction cost economics to develop a human resource architecture of four different employment modes: internal development, acquisition, contracting, and alliance.
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On strategic networks
TL;DR: In this paper, the authors develop the concept of strategic network, as a tool to understand those cooperative relationships and their role in the strategy of the firm, and show that strategic networks are but a "mode of organization" and analyze the economic conditions of existence of a network.
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Price, Authority, and Trust: From Ideal Types to Plural Forms
Jeffrey Bradach,Robert G. Eccles +1 more
TL;DR: In contrast to conventional approaches that view market and hierarchy as mutually exclusive control mechanisms (or as poles of a continuum), the authors argue that price, authority, and trust are independent and can be combined in a variety of ways.
References
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Journal ArticleDOI
Transaction-Cost Economics: The Governance of Contractual Relations
TL;DR: For instance, the authors argues that if transaction costs are negligible, the organization of economic activity is irrelevant, since any advantages one mode of organization appears to hold over another will simply be eliminated by costless contracting.
Book
Industrial market structure and economic performance
TL;DR: In this article, the authors have reviewed theoretical, empirical, and policy developments of the past decade and provided new insights into strategic behaviour from game theory, and integrated them with the related theoretical materials.
Journal ArticleDOI
Industrial Market Structure and Economic Performance
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Theory Z: How American Business Can Meet the Japanese Challenge.
Koya Azumi,William G. Ouchi +1 more
TL;DR: This article proposed a new form of business management that focuses on long-range planning, strong corporate philosophy, and concensus decision-making to help American corporations meet the challenge of Japan.