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 languageEnglish
    Place of PublicationKøbenhavn
    PublisherCenter for Strategic Management and Globalization
    Number of pages10
    ISBN (Print)8791815231
    Publication statusPublished - Apr 2006
    SeriesSMG Working Paper
    NumberWP 7/2006

    Keywords

    • Entrepreneurship
    • Transaction costs
    • Property rights
    • The resource-based view

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