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
Date Written: June 20, 2014
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: Suggested Citation