REVISANDO LA TEORIA DE LA FIRMA

Jorge Tarziján M ()
Additional contact information
Jorge Tarziján M: Escuela de Administración, Pontificia Universidad Católica de Chile

Abante, 2003, vol. 6, issue 2, pages 149-177

Abstract: This article reviews the main theories of the firm from the strategic management perspective. A theory of the firm intents to explain the nature and scope of a firm. We conclude that the different theories of the firm can be classified following the Coase guidelines, that explain the existence of a firm, and its degree of integration as a trade off between the transaction costs of buying in the market and the coordination costs of producing inside the firm. An important conclusion arising from the analysis is the key role of the complementarity among assets, processes and activities, in the determination of the scope and limits of a firm. According to this result, an important challenge for the strategic management of a company is to determine which one is the combination of activities that maximizes the company´s value.

Keywords: Theory of the firm; Complementary assets; Strategic management (search for similar items in EconPapers)
JEL-codes: L11 L22 D23 (search for similar items in EconPapers)
Date: 2003
View list of references

Downloads: (external link)
http://www.abante.cl/files/ABT/Contenidos/Vol-6-N2/3Tarzijan.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:pch:abante:v:6:y:2003:i:2:p:149-177

Ordering information: This journal article can be ordered from

Access Statistics for this article

Abante is edited by Eduardo Walker

More articles in Abante from Escuela de Administracion. Pontificia Universidad Católica de Chile.
Contact information at EDIRC.
Series data maintained by Verónica Gil ().