Entrepreneurship, Transaction Costs, and Resource Attributes
SMG Working Paper No. 7/2006
17 Pages Posted: 24 Apr 2007
Date Written: April 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.
Keywords: Entrepreneurship, transaction costs, property rights, the resource-based view
JEL Classification: B5, M2
Suggested Citation: Suggested Citation