The Boundaries of the Firm Revisited
Bibliographic Data
| ID | 4029341 |
|---|---|
| Authors | Bengt Holmström (Massachusetts Institute of Technology), John Roberts (0000-0002-0059-430X, Stanford University) |
| Year | 1998 |
| Volume | 12 |
| Issue | 4 |
| Pages | 73-94 |
| Publication date | 1998-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.12.4.73 |
| OpenAlex | W2045962543 |
| Language | EN |
| Citations received | 54 |
| References cited | 30 |
Both transaction cost-economics and property-rights theories offer explanations of the boundaries of the firm based on ideas of ex post bargaining and holdup. These theories are quite distinct in their empirical predictions, but neither offers a satisfactory account of a large variety of observed practices. The authors discuss a number of such examples, where the boundaries of the firm seem to be determined by factors other than the need to protect investments, and where other mechanisms than the allocation of asset ownership are used to provide investment incentives. These examples indicate the need to enrich their theory of firm boundaries
Asset specificity · Business · Economics · Incentive · Industrial organization · Microeconomics · Political science · Property rights · Theory of the firm · Transaction cost · Corporate Finance and Governance · Corporate Insolvency and Governance · Law · Law, Economics, and Judicial Systems
Collective Goods and the Political Hold-Up Problem
Opportunism, Hold-Up and the (Contractual) Theory of the Firm
Delegation of Authority as an Optimal (In)Complete Contract
Organizational space
The Fate of Territorial Engineering
Une analyse théorique des fondements et du fonctionnement de la relation d'autorité intrafirme
Firm-Specific Learning and the Nature of the Firm
Trust, Institutions, and Institutional Change
The Comparative Effect of Subnational and Nationwide Cultural Variation on Subsidiary Ownership Choices
The Firm as Social Networks
The Handbook of Organizational Economics
Introduction
Transaction Cost Economics
The Origins of Inequality
Congress and the Politics of Problem Solving
Does function follow organizational form? Evidence from the lending practices of large and small banks
The Economics of Hybrid Organizations
The law and economics of the modern firm
The New Old Economy
Global Sourcing under Imperfect Capital Markets
Do Investments in Specialized Knowledge Lead to Composite Good Industries
Joint influence of R&D strategy and environmental uncertainty on innovation performance
Réglementation et avenir du travail
The nature of the Artificially Intelligent Firm - An economic investigation into changes that AI brings to the firm
The king's laws yield to village customs
Forest–mill integration
Beyond markets and hierarchies
The privatisation of military force
The Organizational Approach of Capability Theory
Institutional Change of Universities as a Problem of Evolving Boundaries
Determinants and performance effects of the allocation of ownership rights in consulting firms
Uncertainty as a common ground for a dialogue between economics and sociology
Subcontractors for tractors
The organizational and geographical boundaries of the firm
Contracting between Firms
The Influence of Federal Laboratory R&D on Industrial Research
Relational Habitat
La relation d'autorité employeur-employé
Pouvoir et économie politique
Factor endowments, markets and vertical integration. The development of commercial wine production in Argentina, Australia and California, c1870-1914
Free riders
Externality as a coordination problem
Boundaries in the Study of Organization
Influence costs and the reporting of skill deficiencies
Mergers in Multidimensional Competition
Organizational Design, Technology and the Boundaries of the Firm
Reputation and the Allocation of Ownership
Weaponising Europe? Rule-makers and rule-takers in the EU regulatory security state
Peer Capitalism
Platform Cooperativism
Organization of Disaster Aid Delivery
The Theory of the Firm as Governance Structure
Network Dynamics and Field Evolution
L'émergence d'une économie de réseau (1640-1815)
Markets and Hierarchies : analysis and antitrust implications
Power in a Theory of the Firm
Multitask Principal–Agent Analyses
Vertical Integration, Appropriable Rents, and the Competitive Contracting Process
Investment and Wages in the Absence of Binding Contracts
Understanding corporate coherence
The Nature of the Transnational Firm
Retail Contracting
Property Rights and the Nature of the Firm
Formal and Real Authority in Organizations
The Costs and Benefits of Ownership
The Inside Contract System
The Nature of the Firm
Reputation and the Allocation of Ownership
Strategy and Irreversibility in Supplier Relations
The Economic Institutions of Capitalism
| Unique citing works | 54 |
|---|---|
| Citations per year | 2 |
| Citation span | 1999 - 2025 (27) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 45 |