Understanding Opportunity Discovery and Sustainable Advantage: The Role of Transaction Costs and Property Rights

    Publikation: Working paperForskning

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    Abstrakt

    To add insight in new value creation, opportunity discovery should be integrated with strategic management theory. Based on the resource-based view and the economics of property rights we build a framework that accomplishes this. Our key argument is that property rights and transaction costs are important antecedents of opportunity discovery. We identify two mechanisms that establish this influence, and examine alternative ways in knowledge, transaction costs, and property rights influence opportunity discovery and sustainable advantage.
    OriginalsprogEngelsk
    UdgivelsesstedFrederiksberg
    UdgiverCenter for Strategic Management and Globalization
    Antal sider45
    ISBN (Trykt)9788791815317
    StatusUdgivet - apr. 2008
    NavnSMG Working Paper
    Nummer18/2008

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