Purpose – The current innovation environment is characterized by complexity, networking and internationalization and calls for managerial approaches that not only foster value‐capture activities, but acknowledge value creation as equally important. The purpose of this study is to clarify and...

This paper presents a set of relationships that have the potential to reconcile the dispute between the knowledge-based view of the firm (KBV) and transaction cost economics (TCE). Several KBV scholars have argued that governance choice need rely only on bounded rationality and not on...

Backlash against nuclear power, although widespread, affected nuclear power programs differently in the United States than in France owing to their differing institutional setups. This article uses a transaction costs economics approach to examine government credible commitment to the French and...