Does IB need a strategic theory of the firm?

Jay B. Barney (), Asli M. Arikan () and Ilgaz Arikan ()
Additional contact information
Jay B. Barney: The University of Utah
Asli M. Arikan: Kent State University
Ilgaz Arikan: Kent State University

Journal of International Business Studies, 2023, vol. 54, issue 6, No 7, 1105-1114

Abstract: Abstract International business scholars have successfully applied transactions cost economics theories of the firm to understand a wide variety of global business phenomena. However, because this theory takes the value of a global exchange as given, and then examines how to organize this exchange most efficiently, it cannot be considered a “strategic theory of the firm.” Some of the key elements of such a strategic theory of the firm, and how their introduction to international business research could change both theory and practice, are discussed.

Keywords: theory of the firm; transactions cost economics; resource-based theory; internalization; strategic governance (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s41267-023-00606-1

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