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Peter G. Klein
Baylor University
BusinessEconomicsIndustrial organizationEntrepreneurshipTransaction cost
154Publications
31H-index
4,431Citations
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Publications 156
Newest
#1Nicolai Juul Foss (Bocconi University)H-Index: 72
#2Peter G. Klein (Baylor University)H-Index: 31
Last. Matthew McCaffrey (University of Manchester)H-Index: 5
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Elert and Henrekson (2019) draw important connections between Austrian economics and the Schumpeterian literatures on “development blocs” and “the experimentally organized economy.” We appreciate their emphasis on experimentation and think that Austrian ideas on the time structure of production and the multiple specificities of capital offer complementary insights into why production is likely to be clustered, localized, and path-dependent. While we agree that Austrian economics can benefit from...
1 CitationsSource
#1Christos Kolympiris (Warw.: University of Warwick)H-Index: 6
#2Sebastian Hoenen (EUR: Erasmus University Rotterdam)H-Index: 3
Last. Peter G. Klein (Baylor University)H-Index: 31
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We study knowledge flows between organizations through secondments, short-term employee assignments at an organization different from the home institution. Secondments allow the sending organizatio...
Source
#1Nicolai J. Foss (Bocconi University)H-Index: 5
#2Peter G. Klein (Baylor University)H-Index: 31
Last. Christian Bjørnskov (AU: Aarhus University)H-Index: 35
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4 CitationsSource
#1Christopher J. Boudreaux (FAU: Florida Atlantic University)H-Index: 7
#2Boris Nikolaev (Baylor University)H-Index: 9
Last. Peter G. Klein (Baylor University)H-Index: 31
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Abstract We examine how country-level institutional context moderates the relationship between three socio-cognitive traits—entrepreneurial self-efficacy, alertness to new business opportunities, and fear of failure—and opportunity entrepreneurship. To do this, we blend social cognitive theory (SCT) with institutional theory to develop a multi-level model of entrepreneurial entry. We merge data from the Global Entrepreneurship Monitor (GEM) surveys and the Economic Freedom of the World (EFW) ind...
9 CitationsSource
#1Nicolai J. Foss (Bocconi University)H-Index: 5
#2Peter G. Klein (Baylor University)H-Index: 31
Debate in management research on the status of the opportunity construct is now more than a decade old. We argue that the debate has led to little additional insight in entrepreneurship and we deve...
4 CitationsSource
#1Kirsten Foss (CBS: Copenhagen Business School)H-Index: 23
#2Nicolai Juul Foss (Bocconi University)H-Index: 72
Last. Peter G. Klein (Baylor University)H-Index: 31
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A central construct in competitive strategy research is market power, the ability to raise price above marginal cost. Positioning research focuses on attempts to build, protect, and exercise market power. However, this approach contains hidden assumptions about transaction costs. Parties made worse off by the exercise of market power can negotiate, bargain, form coalitions, and otherwise contract around the focal firm's attempts to appropriate monopoly profits—depending on transaction costs. W...
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#1Nicolai J. FossH-Index: 5
#2Peter G. KleinH-Index: 31
Abstract We argue that the stakeholder and CSR literature can benefit from more systematic thinking about ownership. We discuss general notions of ownership in the economics and legal literature and the entrepreneurial notion of ownership we have developed in prior work. On this basis, we argue that stakeholder theory needs to deal more systematically with ownership as an economic function that can be exercised with greater or lesser ability, may be complementary to other economic functions, and...
2 CitationsSource
#1Christos Kolympiris (Warw.: University of Warwick)H-Index: 6
#2Sebastian Hoenen (EUR: Erasmus University Rotterdam)H-Index: 3
Last. Peter G. Klein (Ludwig von Mises Institute)H-Index: 31
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We study knowledge flows between organizations through secondments, short-term employee assignments at an organization different from the home institution. Secondments allow the sending organization to capture knowledge and network resources from the receiving organization without an organization-level contract, alliance, or colocation, a process we term learning by seconding. We focus on the National Science Foundation (NSF) rotation program, under which the NSF employs academics, called rotato...
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#1Peter G. KleinH-Index: 31
#2Thomas A. LambertH-Index: 4
This chapter applies Austrian insights relevant to analysis of American business law. Modern corporation and partnership law, perhaps surprisingly, largely coheres with an Austrian theory of the firm, although recent regulations affecting corporate conduct and securities offerings, enacted in the wake of financial scandals, undermine these principles. On the other hand, antitrust law operates under a static view of markets that is inconsistent with Austrian principles, although recent antitrust ...
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#1Nicolai Juul Foss (CBS: Copenhagen Business School)H-Index: 72
#2Peter G. Klein (Baylor University)H-Index: 31
14 CitationsSource
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