Make-or-buy decisions in patent related services

Stefan Wagner

Among the most prominent theoretical frameworks dealing with the economic underlyings of firms' make-or-buy decisions are Transaction Cost Economics (TCE) and the Resourced Based View (RBV). Relying on panel data covering 107 European firms over eight years I test predictions from both TCE and RBV with regard to the outsourcing of patent related services simultaneously. Modelling the share of outsourced patent applications in a Negative Binomial Panel Regression Model I find joint explanatory power of both approaches. My findings support previous literature arguing for an integration of TCE and RBV to a comprehensive theoretical framework of firms make-or-buy decisions.

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Year of publication:	2006
Authors:	Wagner, Stefan
Publisher:	München : Fakultät für Betriebswirtschaft, Ludwig-Maximilians-Universität München
Subject:	outsourcing \| patent attorney \| make-or-buy \| negative binomial panel regression \| Patent \| Outsourcing \| Make-or- Buy-Entscheidung \| Make-or-buy decision \| Transaktionskosten \| Transaction costs \| Regressionsanalyse \| Regression analysis \| Panel \| Panel study \| Theorie \| Theory