A Relationship-based Theory of the Firm

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A Relationship-based Theory of the Firm

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dc.contributor.author Li, Xin
dc.date.accessioned 2010-05-25
dc.date.accessioned 2010-05-25T08:33:52Z
dc.date.available 2010-05-25T08:33:52Z
dc.date.issued 2010-05-25
dc.identifier.uri http://hdl.handle.net/10398/8054
dc.description.abstract In this paper, I argue that all the existing theories of the firm, i.e., the transaction cost, knowledge-based, and entrepreneurial theories, are insightful yet partial since they only deal with one or another possible situation in which the first ever firm came to exist. In addition, all of them have a common problem of buyer/entrepreneur/firm-centrism because they all ignore the role of employees in the formation of the firm. I argue, since they are complementary to each other, a new, comprehensive and integrative theory of the firm must be able to unify them with a consideration of employees. I propose a relationship-based theory of the firm (R’BT) as such a candidate theory. The R’BT places the employer-employee (or broader, firm-stakeholder) relationships at the centre of its whole theoretical framework and argues that the notion of relationship harmony is fundamental in explaining the nature of the firm. en_US
dc.format.extent 20 s. en_US
dc.language eng en_US
dc.publisher Department of International Economics and Management en_US
dc.relation.ispartofseries Working Paper;wp1
dc.subject.other theory of the firm en_US
dc.subject.other relationship en_US
dc.subject.other harmony en_US
dc.subject.other transaction cost en_US
dc.subject.other entrepreneurship en_US
dc.subject.other knowledge en_US
dc.title A Relationship-based Theory of the Firm en_US
dc.type wp en_US
dc.accessionstatus modt10maj25 mamo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse en_US
dc.contributor.departmentshort INT en_US
dc.contributor.departmentuk Department of International Economics and Management en_US
dc.contributor.departmentukshort INT en_US
dc.idnumber x656600372 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2010 en_US
dc.title.subtitle A Chinese Perspective en_US


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