Entrepreneurship, Transaction Costs, and Resource Attributes
Copenhagen Business School - Department of Industrial Economics & Strategy (IVS)
Nicolai J. Foss
Copenhagen Business School - Department of Strategic Management and Globalization
SMG Working Paper No. 7/2006
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.
Number of Pages in PDF File: 17
Keywords: Entrepreneurship, transaction costs, property rights, the resource-based view
JEL Classification: B5, M2
Date posted: April 24, 2007
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