Governance and Competence
27 Pages Posted: 19 Feb 2003
Date Written: December 2002 3,
Transaction cost economics faces serious problems concerning the way it deals, or fails to deal, with bounded rationality, the efficiency of outcomes, trust, innovation, learning and the nature of knowledge. The competence view yields an alternative perspective on the purpose and boundaries of the firm. However, the competence view cannot ignore issues of governance, and in spite of serious criticism, transaction cost economics yields useful concepts to deal with it. This article aims to contribute to the development of theory and empirical research that connects governance and competence perspectives.
Keywords: inter-organizational relations, inter-firm alliances, learning, organization, governance
JEL Classification: M, M10, L2
Suggested Citation: Suggested Citation