Entrepreneurship, Transaction Costs, and Resource Attributes

Kirsten Foss; Nicolai Juul Foss

Entrepreneurship, Transaction Costs, and Resource Attributes

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Abstract

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 recognize how exactly transaction costs and property rights 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 language	English
Place of Publication	København
Publisher	Center for Strategic Management and Globalization
Number of pages	10
ISBN (Print)	8791815231
Publication status	Published - Apr 2006

Series	SMG Working Paper
Number	WP 7/2006

Keywords

Entrepreneurship
Transaction costs
Property rights
The resource-based view

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cbs forskningsindberetning smg 47Final published version, 349 KBLicence: CC BY-NC-ND

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N2 - 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 recognize how exactly transaction costs and property rights 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.

AB - 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 recognize how exactly transaction costs and property rights 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.

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KW - Property rights

KW - The resource-based view

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BT - Entrepreneurship, Transaction Costs, and Resource Attributes

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