EVALUATION OF THEORETICAL PARADIGMS OF INTERFIRM RELATIONSHIP FORMATION

Mohammed BELAL Uddin
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Mohammed BELAL Uddin: Comilla University, Bangladesh

Management and Marketing Journal, 2017, vol. XV, issue 1, 106-114

Abstract: The aim of this paper is to check the existing theories that designate interfirm relationship formation. Transaction cost economics, resource based view, social network theory, strategic choice theory, organizational learning theory, and institutional theory designate interfirm relationship formation. These broadly used theories are included in this paper. This paper finds that while each theory is useful, each is also inadequate to confine the complexities implicated in interfirm relationship formation. Competitive advantage, learning, risk sharing, cost minimization, information sharing etc. are the reasons to join in a relationship. As a result, it is suggested that the combination of the theoretical paradigms offers a more useful way of understanding the interfirm relationship formation.

Keywords: Interfirm relationship; Theory; Transaction cost economics; Learning; Legitimacy (search for similar items in EconPapers)
JEL-codes: M10 M20 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aio:manmar:v:xv:y:2017:i:1:p:106-114

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