Resource title

How do firm resources affect transaction governance?

Resource image

Resource description

The authors develop a theory of transaction governance that integrates transaction cost economics (TCE) with the resource-based view of the firm (RBV). Their theory considers: (i) the transaction costs that emerge from asset specificity; (ii) the rent-creation potential of firm-specific resources; and (iii) the costs of developing the resources that are required for a transaction. Their synthesis of TCE and RBV leads to predictions about firm boundaries that differ from the ones made by TCE alone.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp2005/2005-60.pdf

Resource license

Copyright INSEAD. All rights reserved