Chandler and the Theory of the Firm

Steven Toms and John F. Wilson (2012), ‘Revisiting Chandler on the theory of the firm’, in Dietrich, M and Krafft, J (eds). Handbook On The Economics And Theory of The Firm, Edward Elgar: Cheltenham

11 Pages Posted: 24 Jun 2014

See all articles by Steve Toms

Steve Toms

University of Leeds - Leeds University Business School (LUBS); University of Leeds - Division of Accounting and Finance

John F. Wilson

University of Newcastle

Date Written: June 20, 2014

Abstract

The essay provides a review of Alfred Chandler's contribution to the theory of the firm in his three main works: Strategy and Structure (1962), The Visible Hand (1977) and Scale and Scope (1990). Focusing on the economic components of Chandler's analysis, it examines linkages to subsequent developments in the theory of the firm, including the resource based view. It discusses possible extensions of the Chandlerian perspective incorporating elements of capital market transaction cost theory.

Keywords: Chandler; theory of the firm; resource based view

JEL Classification: A11; B21; N8

Suggested Citation

Toms, Steve and Wilson, John F., Chandler and the Theory of the Firm (June 20, 2014). Steven Toms and John F. Wilson (2012), ‘Revisiting Chandler on the theory of the firm’, in Dietrich, M and Krafft, J (eds). Handbook On The Economics And Theory of The Firm, Edward Elgar: Cheltenham. Available at SSRN: https://ssrn.com/abstract=2457006 or http://dx.doi.org/10.2139/ssrn.2457006

Steve Toms (Contact Author)

University of Leeds - Leeds University Business School (LUBS) ( email )

Leeds LS2 9JT
United Kingdom

University of Leeds - Division of Accounting and Finance ( email )

Leeds LS2 9JT
United Kingdom

John F. Wilson

University of Newcastle ( email )

5 Barrack Road
Devonshire Building
NEWCASTLE UPON TYNE, NE1 7RU
United Kingdom

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