Toward an Integrative Theory of the Firm: A Relationship-Based Approach

    Publikation: Working paperForskning

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    Abstrakt

    This paper argues that the existing four major theories of the firm, i.e., the transaction cost theory, resource-based view, the entrepreneurial theory, and the stakeholder theory, are all insightful yet partial because each of them has a particular focus on the phenomenon of the firm. To better understand the nature and behaviors of the firm, we need a comprehensive yet integrative theory. Toward this end, this paper proposes a relationship-based theory of the firm (R’BT) which claims that it is the relationships between the entrepreneur and other individuals or firms that determine the existence, boundary, internal organization and competitive advantage of the firm.
    OriginalsprogEngelsk
    Udgivelses stedFrederiksberg
    UdgiverDepartment of International Economics and Management, Copenhagen Business School
    Sider1-20
    Antal sider20
    StatusUdgivet - 2011

    Emneord

    • Theory of the Firm
    • Transaction Cost
    • Resource
    • Entrepreneur
    • Stakeholder
    • Relationship

    Citationsformater

    Li, X. (2011). Toward an Integrative Theory of the Firm: A Relationship-Based Approach. (s. 1-20). Frederiksberg: Department of International Economics and Management, Copenhagen Business School.