The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.
THE ‘COMPARATIVE INSTITUTIONAL’ THEORY OF THE FIRM: SOME IMPLICATIONS FOR CORPORATE STRATEGY*
Abstract
This article outlines a rationale for the existence of firms and derives its implications for corporate strategy. It argues that one important source of sustainable rents is the ability of firms to reduce the costs they experience in organizing both internal and external transaction below those of their rivals.
Overview
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
In the citing paper
“Ultimately, competitive advantage arises from the firm's ability to choose the most efficient, economizing mix of internal and external contracts as a function of various micro-and macro-level characteristics of transactions -decisions made by economic actors at the micro level and demand/technological/institutional characteristics at the macro level (Antra `s & Chor, 2013;Gereffi et al., 2005;H”
From Global value chains: A review of the multi-disciplinary literature (2020) · cites this paper as Hennart, 1994
Citations
Cites
A resource‐based view of the firm
Wernerfelt, B. (1984) · Strategic Management Journal · doi:10.1002/smj.4250050207 · Cited by 25,635
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
Production, Information Costs and Economic Organization
Alchian, A. A., & Demsetz, H. (1996) · Oxford University Press eBooks · doi:10.1093/oso/9780198774358.003.0005 · Cited by 9,528
Asset Stock Accumulation and Sustainability of Competitive Advantage
Dierickx, I., & Cool, K. (1989) · Management Science · doi:10.1287/mnsc.35.12.1504 · Cited by 8,353
Williamson, O. E. (1975) · Cited by 6,810
Strategic Factor Markets: Expectations, Luck, and Business Strategy
Barney, J. B. (1986) · Management Science · doi:10.1287/mnsc.32.10.1231 · Cited by 5,548
Organizational Culture: Can It Be a Source of Sustained Competitive Advantage?
Barney, J. B. (1986) · Academy of Management Review · doi:10.5465/amr.1986.4306261 · Cited by 4,054
The resource‐based view within the conversation of strategic management
Mahoney, J. T., & Pandian, J. R. (1992) · Strategic Management Journal · doi:10.1002/smj.4250130505 · Cited by 3,474
Control: Organizational and Economic Approaches
Eisenhardt, K. M. (1985) · Management Science · doi:10.1287/mnsc.31.2.134 · Cited by 2,065
Strategizing, economizing, and economic organization
Williamson, O. E. (1991) · Strategic Management Journal · doi:10.1002/smj.4250121007 · Cited by 1,399
The Theory of the Firm Revisited
Demsetz, H. (1988) · The Journal of Law Economics and Organization · doi:10.1093/oxfordjournals.jleo.a036941 · Cited by 1,393
The Economic Institutions of Capitalism
Freeman, R. E., & Williamson, O. (1987) · Academy of Management Review · doi:10.2307/258544 · Cited by 1,370
Supplier Switching Costs and Vertical Integration in the Automobile Industry
Monteverde, K., & Teece, D. J. (1982) · The Bell Journal of Economics · doi:10.2307/3003441 · Cited by 1,113
Beaty, R. T. (1993) · Manufacturing Engineer · doi:10.1049/me:19930081 · Cited by 936
Smith, C. W., & Bain, J. S. (1960) · Journal of Marketing · doi:10.2307/1249133 · Cited by 684
Goodwill and the Spirit of Market Capitalism
Dore, R. (2018) · Routledge eBooks · doi:10.4324/9780429494338-24 · Cited by 672
Goodwill and the Spirit of Market Capitalism
Dore, R. (1983) · British Journal of Sociology · doi:10.2307/590932 · Cited by 661
Explaining the Swollen Middle: Why Most Transactions Are a Mix of “Market” and “Hierarchy”
Hennart, J.-F. (1993) · Organization Science · doi:10.1287/orsc.4.4.529 · Cited by 652
Self-citationSUPPLIER RELATIONS AND MANAGEMENT: A SURVEY OF JAPANESE, JAPANESE-TRANSPLANT, AND U.S. AUTO PLANTS
Ram, G., Cusumano, M. A., Takeishi, A., & Takeishi, A. (1991) · Cited by 537
The Japanese Automobile Industry
Cusumano, M. A. (1985) · Harvard University Asia Center eBooks · doi:10.2307/j.ctt1tg5kjw · Cited by 351
Love, J. F. (1986) · Medical Entomology and Zoology · Cited by 328
The machine that changed the world
Loydell, R. (1992) · Business Horizons · doi:10.1016/0007-6813(92)90074-j · Cited by 328
Transplanted Organizations: The Transfer of Japanese Industrial Organization to the U.S.
Florida, R. L., & Kenney, M. F. (1991) · American Sociological Review · doi:10.2307/2096111 · Cited by 292
THEORIES OF THE FIRM: IMPLICATIONS FOR STRATEGY RESEARCH*
Seth, A., & Thomas, H. (1994) · Journal of Management Studies · doi:10.1111/j.1467-6486.1994.tb00770.x · Cited by 248
Managing Suppliers: Incentive Systems in Japanese and U.S. Industry
McMillan, J. (1990) · California Management Review · doi:10.2307/41166627 · Cited by 241
Book Note and Review: Human Relations: The Japanese Factory: Aspects of its Social Organization
Devereux, E. C., & Abegglen, J. C. (1959) · Industrial and Labor Relations Review · doi:10.2307/2520192 · Cited by 225
Hennart, J. (1986) · Review of World Economics · doi:10.1007/bf02707861 · Cited by 97
Self-citationForeign investment, technology and economic growth
McFetridge, D. G. (1991) · University of Calgary Press eBooks · doi:10.4324/9780367816353 · Cited by 82
Epistemology, corporate strategy, and academe,
Bowman, E. H. (1973) · DSpace@MIT (Massachusetts Institute of Technology) · Cited by 58
Davies, R. B. (1969) · The Business History Review · doi:10.2307/3112385 · Cited by 23
The Incentive Limits of Firms: A Comparative Institutional Assessment of Bureaucracy
Williamson, O. E. (1986) · Palgrave Macmillan UK eBooks · doi:10.1007/978-1-349-18204-6_7 · Cited by 22
The incentive limits of firms: A comparative institutional assessment of bureaucracy
Williamson, O. E. (1984) · Review of World Economics · doi:10.1007/bf02706513 · Cited by 13
Research works printed but not linked: 14
- Abegglen J., 1958, The Japanese Factory: Aspects of its Social Organization
- Barney J.(1990). ‘Individual differences and the choice of governance mechanisms: transaction costs organizational resources and competitive advantage.Paper presented at the Conference on Corporate Governance and Competitive Strategy University of Minnesota October.
- Chandler A., 1977, The Visible Hand
- 10.1002/smj.4250120802 · DOI
- Hill C.(1990). ‘The emergence of cooperation without hierarchical governance: implications for transaction cost theory and the theory of the firm.Paper presented at the Conference on Corporate Governance and Competitive Strategy University of Minnesota October.
- Jack A., 1957, The channels of distribution of an innovation: the sewing machine industry in America, Explorations in Entrepreneurial History, 9, 113
- Keller M., 1989, Rude Awakening
- Porter M., 1980, Competitive Strategy
- Schonberger R., 1982, Japanese Manufacturing Techniques: Nine Lessons in Simplicity
- Shelton J., 1967, Allocative efficiency vs. X‐efficiency: comment, American Economic Review, 57, 1252
- Stertz B.(1990). ‘Big three boost quality but still lag.Wall Street Journal September B1.
- Stertz B.(1992). ‘Detroit's new strategy to beat back Japanese is to copy their ideas.Wall Street Journal 1 October A1 A10.
- Tannenbaum J.andMarsh B.(1990). ‘Firms try to tighten grip on franchisees.Wall Street Journal 15 January.
- White J.(1992). ‘For Saturn copying Japan yields hot sales but no profits.Wall Street Journal 1 October A10.
Cited by
Sorted by citations
STRATEGY IN EMERGING ECONOMIES.
Hoskisson, R. E., Eden, L., Lau, C. M., & Wright, M. (2000) · Academy of Management Journal · doi:10.2307/1556394 · Cited by 3,835
Global value chains: A review of the multi-disciplinary literature
Kano, L., Tsang, E. W. K., & Yeung, H. W.-C. (2020) · Journal of International Business Studies · doi:10.1057/s41267-020-00304-2 · Cited by 767
Metadata
- Authors
- Hennart, J.
- Affiliations
- University of Illinois Urbana-Champaign (US)
- Corresponding author
- Hennart, Jean‐Franois
- Venue
- Journal of Management Studies
- Publisher
- Wiley
- Published
- 1994-03
- Volume
- 31
- Issue
- 2
- Pages
- 193-208
- ISSN
- 0022-2380 (ISSN-L)
- 1467-6486
- OpenAlex
- W2132781290
- Cited by
- 77
- References
- 32
- Citations by year
- 2025: 1 · 2024: 1 · 2022: 3 · 2020: 3 · 2019: 5 · 2018: 1 · 2017: 1 · 2016: 2 · 2015: 2 · 2014: 6 · 2013: 4 · 2012: 2
- FWCI
- 4.22
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Management Studies (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Management Information Systems › Outsourcing and Supply Chain Management
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Management and Organizational Studies
- Keywords
- theory of the firm, business strategy, transaction costs, business organization
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review