A Resource-Based Theory of the Firm: Knowledge Versus Opportunism
Abstract
This paper develops a resource-based—knowledge-based—theory of the firm. Its thesis is that the organizational mode through which individuals cooperate affects the knowledge they apply to business activity. We focus on the polar cases of organization within a firm as compared to market contracting. There will be a difference in the knowledge that is brought to bear, and hence in joint productivity, under the two options. Thus, as compared to...
Paper Details
Title
A Resource-Based Theory of the Firm: Knowledge Versus Opportunism
Published Date
Oct 1, 1996
Journal
Volume
7
Issue
5
Pages
477 - 501
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