Currently more and more large, vertically integrated firms are being transformed into flatter organisations that encompass decentralised decision structures. The author argues that an understanding of this new type of firm, called market-like firm, is missing from the theory of the firm (transaction cost theory), for two reasons. On the one hand, the Williamsonian framework of governance structures does not explore the distinguishing mark of the firm, and, on the other hand, it cannot explain the variety of firms. To overcome these shortcomings, the author proposes the extension of the Williamsonian framework with the concept of “firm-ness” that is based on the distinction between ideal-type and real-type.
Ménard, C. (2002): The Governance of Hybrid Organizations. Presidential Address for the ISNIE 2002 Conference, September, Cambridge, USA.
Foss, N. J. (2000): Internal Disaggregation in Oticon: Interpreting and Learning from the Rise and Decline of the Spaghetti Organization. LINK Working Paper, Copenhagen Business School. Copenhagen, Denmark.
Internal Disaggregation in Oticon: Interpreting and Learning from the Rise and Decline of the Spaghetti Organization, ().
Internal Disaggregation in Oticon: Interpreting and Learning from the Rise and Decline of the Spaghetti Organization)| false
Hodgson, G. M. (1998): The Coasean Tangle: The Nature of the Firm and the Problem of Historical Specificity, In: Medema, S. G. (ed.): Coasean Economics: Law and Economics and the New Institutional Economics. Boston: Kluwer Academic Publishers.
The Coasean Tangle: The Nature of the Firm and the Problem of Historical Specificity, ().
The Coasean Tangle: The Nature of the Firm and the Problem of Historical Specificity)| false
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2021 Volume 71
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