On the Firm’s Raison d’Être and Competence-based Nature of the Firm

Jörg Freiling

A chapter in Kompetenz, Interdisziplinarität und Komplexität in der Betriebswirtschaftslehre, 2013, pp 29-38 from Springer

Abstract: Abstract Transaction cost theory tells us that firms are an integral part of the market process for they help economic agents to cope with highest degrees of uncertainty and specificity (Williamson, 1985). There is no point to question this understanding.

Date: 2013
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DOI: 10.1007/978-3-658-03462-7_3

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