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.
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“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
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
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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
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