A market-process approach to corporate coherence

Nicolai Foss () and Jens Frøslev Christensen
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Jens Frøslev Christensen: Department of Industrial Economics and Strategy, Copenhagen Business School, Copenhagen, Denmark, Postal: Department of Industrial Economics and Strategy, Copenhagen Business School, Copenhagen, Denmark

Managerial and Decision Economics, 2001, vol. 22, issue 4-5, 213-226

Abstract: We address the notion of corporate coherence recently made prominent by Teece et al. (1994. Understanding corporate coherence: theory and evidence. Journal of Economic Behavior and Organization 23 : 1-30). We argue that the literature is confused on the meaning of this notion (and similar notions) along a number of dimensions. Drawing on insights from market-process theories, we propose a dynamic understanding of corporate coherence, an understanding that involves the corporate capacity to strike a favorable balance between the production and exploitation of new knowledge. This argument is elaborated drawing on Austrian economics, evolutionary economics, and post-Marshallian economics. Copyright © 2001 John Wiley & Sons, Ltd.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:22:y:2001:i:4-5:p:213-226

DOI: 10.1002/mde.1012

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