Entrepreneurship, transaction costs, and resource attributes

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    This paper responds to Kim and Mahoney's "How Property Rights Economics Furthers the Resource-Based View: Resources, Transaction Costs and Entrepreneurial Discovery" (a comment on Foss and Foss, 2005). While we agree with many of their arguments, we argue that they fail to recognise how exactly transaction costs shape the process of entrepreneurial discovery. We provide a sketch of the mechanisms that link entrepreneurship, property rights, and transaction costs in a resource-based setting, contributing further to the attempt to take the RBV in a more dynamic direction.
    Original languageEnglish
    JournalInternational Journal of Strategic Change Management
    Issue number1/2
    Pages (from-to)53-60
    Publication statusPublished - 2006

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