Transactional hazards, institutional change, and capabilities: Integrating the theories of the firm
Abstract
Using a detailed dataset from the Chilean construction industry, we explore how the predictions of the transaction cost and capabilities theories interact to explain building contractors' decisions to ‘make or buy’ the specialty trade activities needed to complete a construction project. We show that the contractor's productive capabilities strongly mediate the relationship between transaction hazards that originate from either temporal...
Paper Details
Title
Transactional hazards, institutional change, and capabilities: Integrating the theories of the firm
Published Date
Apr 10, 2013
Journal
Volume
35
Issue
2
Pages
224 - 245
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Notes
History