The Strategy and Transaction Cost Nexus : Past Debates , Central Questions , and Future Research Possibilities

@inproceedings{Foss2001TheSA,
  title={The Strategy and Transaction Cost Nexus : Past Debates , Central Questions , and Future Research Possibilities},
  author={Nicolai Juul Foss},
  year={2001}
}
The role of transaction cost economics in developing research in strategy has been a hotly debated topic over the last decade. This paper presents the radical argument that transaction cost insights are more than mereful useful complements to existing approaches to strategy. Rather, they are necessary for adequately understanding the nature of strategizing. This is because transaction costs are essential aspects of processes of creating, capturing and protecting value. If transaction costs are… CONTINUE READING

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