CHOOSING GOVERNANCE MECHANISM: “MAKE OR BUY” DECISION
نویسندگان
چکیده
منابع مشابه
Make , Buy , or Cooperate ?
In 1937, Ronald Coase argued that firms will exist only in environments in which firms perform better than markets could. To create space for firms, Coase suggested that some environments might be plagued by “transaction costs” that cause markets to perform poorly. Coase’s paper was to become the cornerstone of the economic theory of the firm (i.e., the “make or buy” decision: which activities ...
متن کامل17. The Make-or-Buy Decision: Lessons from Empirical Studies
The “transaction cost” theory of the firm introduced by Coase (1937) has become a standard framework for the study of institutional arrangements. The Coasian framework helps explain not only the existence of the firm, but also its size and scope. Why, in Coase’s (1937, pp. 393–94) words, “does the entrepreneur not organize one less transaction or one more?” Some firms are highly integrated: IBM...
متن کاملComplexity, Flexibility, and the Make-or-Buy Decision
Sixty-five years ago, Ronald Coase (1937) asked what determines whether production will be organized in a firm or through the market, later coined the "make-or-buy" decision. This question was put center stage by Oliver Williamson (1975, 1985) who further developed transaction-costs economics (TCE), arguing that incomplete contracts and specific relationships overshadowed by opportunism, asymme...
متن کاملMake, Source, or Buy: The Decision to Acquire a New Reporting System
The College of Business (COB) at Northern Washington University (NWU) needs new data systems to provide reports and information both internally and for its external accrediting body. Dewitt Brown, COB’s associate dean, has been tasked with determining COB’s needs and developing recommendations for sources of systems. COB could develop the systems internally since it has database expertise among...
متن کاملThe Make-or-Buy Decision in ICT Services: Empirical Evidence from Luxembourg
In this paper, we seek to analyse the main drivers of firms’ choice in terms of outsourcing and/or offshoring of Information and Communication Technologies (ICT) services. As globalisation is a new way firms choose to organize their activities, a broad literature focuses on the outsourcing and the offshoring of activities (Grossman and Helpman, 2005; Marin and Verdier, 2003). Even if a lot of p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: İktisadi ve İdari Bilimler Fakültesi Dergisi
سال: 2016
ISSN: 1302-1966
DOI: 10.5578/jeas.22113