Access the full text.
Sign up today, get DeepDyve free for 14 days.
Langlois Langlois (1992)
Transaction cost economics in real timeIndustrial and Corporate Change, 1
Walker Walker, Weber Weber (1987)
Supplier competition, uncertainty, and make‐or‐buy decisionsAcademy of Management Journal, 30
C. Prahalad, G. Hamel (1990)
The core competence of the corporation’, Harvard Business Review, Vol. pp. ., 68
Alchian Alchian, Demsetz Demsetz (1972)
Production, information costs, and economic organizationAmerican Economic Review, 62
Joskow Joskow (1988)
Asset specificity and the structure of vertical relationships: Empirical evidenceJournal of Law, Economics and Organization, 4
S. Winter, R. Nelson (1983)
An evolutionary theory of economic change
Sanford Grossman, O. Hart (1986)
The Costs and Benefits of Ownership: A Theory of Vertical and Lateral IntegrationJournal of Political Economy, 94
Nicholas Argyres (1995)
Technology strategy, governance structure and interdivisional coordinationJournal of Economic Behavior and Organization, 28
Williamson Williamson (1991)
Comparative economic organization: The analysis of discrete structural alternativesAdministrative Science Quarterly, 36
Amit Amit, Schoemaker Schoemaker (1993)
Strategic assets and organizational rentStrategic Management Journal, 14
Walker Walker, Weber Weber (1984)
A transaction cost approach to make‐or‐buy decisionsAdministrative Science Quarterly, 29
Klein Klein, Crawford Crawford, Alchian Alchian (1978)
Vertical integration, appropriable rents, and the competitive contracting processJournal of Law and Economics, 21
Teece Teece (1981)
The market for know‐how and the efficient international transfer of technologyAnnals of the American Academy of Political and Social Science, 458
Kirk Monteverde, D. Teece (1982)
Appropriable Rents and Quasi-Vertical IntegrationThe Journal of Law and Economics, 25
Demsetz Demsetz (1988)
The theory of the firm revisitedJournal of Law, Economics and Organization, 1
Jensen Jensen (1983)
Organization theory and methodologyAccounting Review, 63
Nelson Nelson (1959)
The simple economics of basic scientific researchJournal of Political Economy, 67
Stigler Stigler (1951)
The division of labor is limited by the extent of the marketJournal of Political Economy, 59
Williamson Williamson (1976)
Franchise bidding for natural monopolies in general and with respect to CATVBell Journal of Economics, 7
Arthur Arthur (1989)
Competing technologies, increasing returns, and lock‐in by historical small eventsEconomic Journal, 99
B. Kogut, U. Zander (1992)
Knowledge of the Firm, Combinative Capabilities, and the Replication of TechnologyOrganization Science, 3
K. Conner (1991)
A Historical Comparison of Resource-Based Theory and Five Schools of Thought Within Industrial Organization Economics: Do We Have a New Theory of the Firm?Journal of Management, 17
Barzel Barzel (1982)
Measurement cost and the organization of marketsJournal of Law and Economics, 25
Teece Teece (1986)
Profiting from technological innovation: Implications for integration, collaboration, licensing and public policyResearch Policy, 15
J. Barney (1991)
Firm Resources and Sustained Competitive AdvantageJournal of Management, 17
Langlois Langlois, Robertson Robertson (1989)
Explaining vertical integration: Lessons from the American automobile industryJournal of Economic History, 49
Prahalad Prahalad, Hamel Hamel (1990)
The core competence of the corporationHarvard Business Review, 68
Leonard‐Barton Leonard‐Barton (1992)
Core capabilities and core rigidities: A paradox in managing new product developmentStrategic Management Journal, 13
L. Davis, D. North (1971)
Institutional Change and American Economic Growth: THE THEORY DEVELOPED
O. Williamson (1975)
Markets and Hierarchies
G. Dosi, C. Freeman, R. Nelson, G. Silverberg, L. Soete (1989)
Technical Change and Economic TheorySouthern Economic Journal, 55
W. Dugger (1987)
The Economic Institutions of CapitalismJournal of Economic Issues, 21
David David (1985)
Clio and the economics of QWERTYAmerican Economic Review, 75
Riordan Riordan, Williamson Williamson (1985)
Asset specificity and economic organizationInternational Journal of Industrial Organization, 3
T. Roehl, 伊丹 敬之 (1987)
Mobilizing invisible assets
The capabilities approach to the firm postulates that firms vertically integrate activities for which they possess capabilities that are superior to potential suppliers'. The comparative contracting approach, in contrast, emphasizes high asset specificity as leading to vertical integration. This paper compares the two sets of explanations on make‐or‐buy decisions made by a large firm. It finds that in some cases asset specificity alone is determinant, but in others capabilities and combinations of considerations are explanatory. Analysis of the data also provides insights about the mechanisms through which capabilities operate. In particular, the similarity of the knowledge bases associated with various activities, and the time required to acquire knowledge, appear as important indicators of the importance of capabilities to vertical integration decisions.
Strategic Management Journal – Wiley
Published: Feb 1, 1996
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.