Towards Reconciling Transaction Cost Economics and the Knowledge-based View of the Firm: The Context of Interfirm Collaborations

Autor:	Bruce Heiman, Jack A. Nickerson
Rok vydání:	2002
Předmět:	Transaction cost Economics and Econometrics Knowledge management business.industry Corporate governance Knowledge value chain Context (language use) Bounded rationality Opportunism Economics Personal knowledge management Business Management and Accounting (miscellaneous) business Knowledge transfer
Zdroj:	International Journal of the Economics of Business. 9:97-116
ISSN:	1466-1829 1357-1516
DOI:	10.1080/13571510110103001
Popis:	This paper presents a set of relationships that have the potential to reconcile the dispute between the knowledge-based view of the firm (KBV) and transaction cost economics (TCE). Several KBV scholars have argued that governance choice need rely only on bounded rationality and not on opportunism where TCE scholars maintain that both behavioural assumptions are needed to explain governance choice.We help to resolve part of the debate by developing an extension ofTCE to encompass certain knowledge-based attributes of transactions.We argue that high-levels of two knowledge transfer attributes - knowledge tacitness or problem solving complexity - lead to the adoption of the knowledge management practices - high-bandwidth channels or idiosyncratic communication codes - to economize on the cognitive limitations of man. It is these knowledge management practices that generate contracting hazards for whichTCE, and its attendant concern about opportunism, predicts equity-based collaborations are superior to non-e...
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::599dd359cf5222bd86fa347f1e6d92a6 https://doi.org/10.1080/13571510110103001 Zobrazit plný text záznamu