The Next Step in the Evolution of the RBV: Integration with Transaction Cost Economics

Kirsten Foss; Nicolai J Foss

doi:10.5771/0935-9915-2004-1-107

Contents
- Chapter Expand | CollapseAuthorsPage
- 1–4 Titelei/Inhaltsverzeichnis 1–4
- 5–7 Editorial 5–7
- 8–26 Inside the Black-box: Analysing the Generation of Core Competencies and Dynamic Capabilities by Exploring Collective Minds. An Organisational Learning Perspective Uta Wilkens, Daniela Menzel, Peter Pawlowsky Uta Wilkens, Daniela Menzel, Peter Pawlowsky 8–26
- 27–52 A Competence-based Theory of the Firm Jörg Freiling Jörg Freiling 27–52
- 53–73 Inter-Firm Resources and Sustained Competitive Advantage Stephan Duschek Stephan Duschek 53–73
- 74–88 Contingent Work: The Problem of Disembeddedness and Economic Reembeddedness Axel Haunschild Axel Haunschild 74–88
- 89–106 Managing Asymmetric Resource Dependence and Environmental Risk in Relationships by Real Options Ellen Roemer Ellen Roemer 89–106
- 107–121 The Next Step in the Evolution of the RBV: Integration with Transaction Cost Economics Kirsten Foss, Nicolai J Foss Kirsten Foss, Nicolai J Foss 107–121
- 122–151 Beyond the Management View: A Ressource-Centered Socio-Economic Perspective Manfred Moldaschl, Dirk Fischer Manfred Moldaschl, Dirk Fischer 122–151
- 152–161 Book Reviews 152–161
- 162–166 New Books 162–166
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mrev management revue , page 107 - 121

The Next Step in the Evolution of the RBV: Integration with Transaction Cost Economics

Autoren

Kirsten Foss Nicolai J Foss

DOI
- doi.org/10.5771/0935-9915-2004-1-107
- ISSN: 0935-9915
- ISSN online: 1861-9908
Abstract

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 value appropriation. This and other weak spots in the RBV stem from not taking account of transaction costs to a sufficient extent. Integrating TCE with the RBV adds new insight into the analysis of sustained competitive advantage.
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