Entrepreneurship, Transaction Costs, and Resource Attributes

SMG Working Paper No. 7/2006

17 Pages Posted: 24 Apr 2007

See all articles by Kirsten Foss

Kirsten Foss

Copenhagen Business School - Department of Industrial Economics & Strategy (IVS)

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation

Date Written: April 2006

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.

Keywords: Entrepreneurship, transaction costs, property rights, the resource-based view

JEL Classification: B5, M2

Suggested Citation

Foss, Kirsten and Foss, Nicolai J., Entrepreneurship, Transaction Costs, and Resource Attributes (April 2006). SMG Working Paper No. 7/2006, Available at SSRN: https://ssrn.com/abstract=982103 or http://dx.doi.org/10.2139/ssrn.982103

Kirsten Foss (Contact Author)

Copenhagen Business School - Department of Industrial Economics & Strategy (IVS) ( email )

Howitzvej 60, 6
Frederiksberg, DK-2000
Denmark

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation ( email )

Kilen
Frederiksberg, 2000
Denmark

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