This essay addresses the role of transaction cost economics (TCE) in advancing the resource-based view. In particular, it is argued that TCE has the potential to remedy a number of weak spots in the RBV, such as the absence of attention in the RBV to the interaction between value creation and...

All economic action is embedded in social contexts (Granovetter 1985). However, contingent work practices make work relations more episodic, transient and marketlike. They produce dislocated and time-space spanning social contexts and, therefore, contribute to what Giddens (1990) has called the...

The research question of the article is: Does the competence-based view, representing a theory of sustaining competitive advantage, offer simultaneously a comprehensive theory of the firm? In order to develop an answer, it appears to be necessary to elaborate the theoretical basis of the...

This study will start with a general review of related literature published in the past, and develop a set of tools that can simultaneously establish the strategies and goals for government industry development initiatives. Then it will make comprehensive analysis and exploration, considering...

In this paper, we examine the technological and organizational innovations which have facilitated rapid growth in a small firm. Evidence from the case suggests that the relational elements of inter-firm transactions provide entrepreneurs with the opportunity to expand their organizational...

Edith Penrose's work has been widely acknowledged to have played a central role in providing the intellectual foundations of the resource-based view. This position, however, was recently challenged in a paper by Rugman and Verbeke (2002). In this paper we address the three main arguments of...

We argue that Rugman and Verbeke, (2002) underestimate the importance of Penrose's (1959) contributions to the modern resource-based view of the firm. In particular, we take issue with Rugman and Verbeke's (2002) arguments concerning Penrose's (1959) contributions to our knowledge of: (1) the...

In this article, we use the theory of planned behaviour to develop a model of small business managers' growth aspirations and the level of growth achieved. We empirically test this model on a large longitudinal data set of small firms using hierarchical regression. Consistent with previous...