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

    Research output: Working paperResearch

    3 Downloads (Pure)

    Abstract

    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.
    Original languageEnglish
    Place of PublicationFrederiksberg
    PublisherDepartment of International Economics and Management, Copenhagen Business School
    Pages1-20
    Number of pages20
    Publication statusPublished - 2011

    Cite this

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