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The Nature of the Firm
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The Nature of the Firm   (Citations: 4920)
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Journal: Economica , vol. 4, no. 16, pp. 386-405, 1937
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    • ...to Coase (1937, p. 393), in his seminal paper on the nature of the firm: ‘‘A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur.’’ 8 The RBV framework is in contrast to the paradigm that...

    Albert N. Link, et al. Public knowledge, private knowledge: the intellectual capital of entre...

    • ...He wrote in his introduction that he intended to evaluate the business firm by ‘‘two of the most powerful instruments of economic analysis developed by Marshall, the idea of the margin and that of substitution, together giving the idea of substitution at the margin’’ (Coase 1937, pp. 386–387)...
    • ...Nothing in The Nature of the Firm nor his later writings about that article suggests that he was in any way influenced by their ideas (Coase, 1937, 1988a, b, c)...
    • ...Coase cited Robinson for this proposition (Coase 1937, p. 397)...
    • ...of literature. Rather, its approach was aligned almost completely with that of the marginalists and made no mention of the possibly divergent interests of shareholders and managers or of specific hierarchies that are internal to the firm, other than a few brief references to the law of master and servant (Coase 1937, p. 404–405)...
    • ...The addition of telephones might tend to make firms smaller because telephones might reduce the costs of using the market while they were likely to have less effect on the costs of internal production (Coase 1937, p. 397 n.3)...

    Herbert Hovenkamp. Coasean markets

    • ...The second explanation (Grant 1991; Diaz-Mora 2008) draws upon the observation that all firms specialise in a limited range of activities because of the scarcity of resources (Coase 1937), and outsourcing allows the firm to complement its own scarce resources with those owned by the external suppliers (Gottfredson et al. 2005)...
    • ...6 Coase (1937) did, however, concede ‘that most innovations will change both the costs of organising and...
    • ...TCE theory has its origins in the paper by Coase (1937) who pointed out that there were costs involved in using the price mechanism to coordinate the provision of goods and services through arm’s length contracts...

    Roger Strange. The outsourcing of primary activities: theoretical analysis and propos...

    • ...The following steps (see Fig. 2) demonstrate the Shipment Verification model [7]:...
    • ...Transaction costs are costs incurred in making an economic exchange [7], [8], [9]...
    • ...To an extent Ronald Coase [7] should be mentioned in this context as well in that he provided in his classic The Nature of the Firm the concept of transaction costs making possible the measurement of the size of firms as well as the problem of social cost [13]...

    Rolf T. Wigand, et al. Information Management and Tracking of Drugs in Supply Chains within t...

    • ...a) Transaction Cost Theory (TTC): Pioneered by reference [37] and developed principally by references [27]- [29], this theory explains the existence of organization that means why an economic activity was realized by an enterprise and not by a market...

    Fatma Chaabouni, et al. Logistics outsourcing decision in the Tunisian companies

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Citations (4920)

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