Transactional hazards, institutional change, and capabilities: Integrating the theories of the firm

DOI Web Site Web Site 被引用文献2件
  • Francisco Brahm
    School of Management Pontificia Universidad Católica de Chile Santiago Chile
  • Jorge Tarziján
    School of Management Pontificia Universidad Católica de Chile Santiago Chile

書誌事項

公開日
2013-04-10
権利情報
  • http://onlinelibrary.wiley.com/termsAndConditions#vor
DOI
  • 10.1002/smj.2094
公開者
Wiley

この論文をさがす

説明

<jats:p> <jats:italic>Using a detailed dataset from the Chilean construction industry, we explore how the predictions of the transaction cost and capabilities theories interact to explain building contractors' decisions to ‘make or buy’ the specialty trade activities needed to complete a construction project. We show that the contractor's productive capabilities strongly mediate the relationship between transaction hazards that originate from either temporal specificity or an exogenous change in the subcontracting law and the vertical integration decision. The inclusion of differential capabilities and its interaction with transactional hazards infuse contractors' boundary choices with systematic patterns of heterogeneity and contribute to the integration of these theoretical perspectives. Our analysis corrects for the endogeneity of the capabilities variable and provides a detailed assessment of the marginal effects in logit models</jats:italic> . Copyright © 2013 John Wiley & Sons, Ltd. </jats:p>

収録刊行物

被引用文献 (2)*注記

もっと見る

問題の指摘

ページトップへ