Testing Alternative Theories of The Firm : Transaction Cost, Knowledge - Based and Measurement Explanations for Make - or - Buy Decisions in Information Services  

Oleh:

Poppo, Laura ; Zenger, Todd

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 19 no. 9 (1998), page 853-878.
Topik: INFORMATION SERVICES; testing; firm; transaction cost; knowledge based; explanations; decision; information services

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Firms' boundary choices have undergone careful examination in recent years, particularly in information services. While transaction cost economic provides a widely tested explanation for boundary choice, more recent theoretical work advances competing knowldge - based and measurement cost explanations. Similar to transaction cost economics, these theories examine the impact of exchange attributes on the performance of markets and hierarchies as institutions of governance. These theories, however, offer alternative attributes to those suggested by transaction cost economics or offer alternative mechanisms through similar attributes influence make - buy choices. Traditional empirical specifications of make - buy models are unable to comparatively test among these alternative theories. By developing and testing a model of comparative institutional performance rather than institutional choice, we examine the degree of support for these competing explanaions of boundary choices. Hypotheses are tested using data on the governance of nine information services at 152 companies. Our results suggest that a theory of the firm and a theory of boundary choice is likely to be complex, requiring integration of transaction cost, knowledge - based and measurement reasoning.

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