Browsing Working Papers (SMG) by Author "Foss, Nicolai Juul"
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Foss, Nicolai Juul; Klein, Peter G. (, 2011)[More information][Less information]
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Foss, Nicolai Juul; Foss, Kirsten (København, 2006)[More information][Less information]
Abstract: This paper responds to Kim and Mahoney’s "How Property Rights Economics Furthers the Resource-Based View: Resources, Transaction Costs and Entrepreneurial Discovery" (a comment on Foss and Foss, 2005). While we agree with many of their arguments, we argue that they fail to recognize how exactly transaction costs and property rights shape the process of entrepreneurial discovery. We provide a sketch of the mechanisms that link entrepreneurship, property rights, and transaction costs in a resource-based setting, contributing further to the attempt to take the RBV in a more dynamic direction. URI: http://hdl.handle.net/10398/7476 Files in this item: 1
cbs forskningsindberetning smg 47.pdf (357.2Kb) -
Foss, Nicolai Juul; Ishikawa, Ibuki (København, 2006)[More information][Less information]
Abstract: The dominant view in the strategic management field is the resource-based view ("RBV"). It has often been observed that the RBV is lacking in the dynamic dimension. For example, processes of building competitive advantages by means of combining existing complementary resources in novel ways are not inquired into. We argue that the RBV may profitably draw on Austrian (Misesian) and Knightian insights in entrepreneurship and capital theory, particularly in its Lachmannian manifestation, in order to strengthen its dynamic components. We link the RBV and Austrian ideas in the context of the theory of complex systems pioneered by Herbert Simon. We draw a number of implications for strategic management from this synthesis, notably into resource value and sustainability of competitive advantage. JEL Code: B53, D21, L23, M1 URI: http://hdl.handle.net/10398/7458 Files in this item: 1
cbs forskningsindberetning smg 46.pdf (330.1Kb)
Now showing items 1-3 of 3