search query: @author Khalil, E. L. / total: 3
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| Author: | Khalil, E. L. |
| Title: | Institutional theory of the firm? Extension and limitation |
| Journal: | Review of Political Economy
1995 : JAN, VOL. 7:1, p. 43-51 |
| Index terms: | FIRM (THEORY OF) MICROECONOMICS COMPANIES |
| Language: | eng |
| Abstract: | The new institutional theory of the firm provides fruitful insights into the question of the market/firm continuity. It should not be oversold as a sole foundation of the theory of the firm. In light of the institutional perspective, it is possible to uphold the market / firm continuity thesis while repudiating the exchange paradigm a la Alchian and Demsetz. An extended institutional approach could support the continuity thesis on the basis that interfirm exchange is underpinned by institutions as much as intrafirm exchange is underpinned by implicit and explicit contracts. |
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