Market frictions as building blocks of an organizational economics approach to strategic management

By Joseph T. Mahoney, Lihong Qian. 2013

148 citations recorded by the source corpus.

Subfields: Accounting, Finance, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/dd069e431c76a009ebbcdc6a089c629409d3a9e5

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Citations in the corpus

Bridging Behavioral Models and Theoretical Concepts: Effectuation and Bricolage in the Opportunity Creation Framework (2016, unknown): “Recent work at the intersection of strategy and entrepreneurship suggests that the traditional ‘entrepreneurial rent’ in economics is, actually, a set of distinct rent streams Further work at the intersection of economics and entrepreneurship can model the economic role related to each rent stream t”
Resources as dual sources of advantage: Implications for valuing entrepreneurial‐firm patents (2013, unknown): “Market imperfections, or frictions, are a precondition for resource-based advantage in factor input markets (Mahoney and Qian, 2012; Makadok and Barney, 2001).”
Micro-Foundations of Firm-Specific Human Capital: When Do Employees Perceive Their Skills to be Firm-Specific? (2016, unknown): “Not surprisingly, this assumption has been relaxed in many prominent labor economics theories (e.g., Spence, 1973) and market frictions play a crucial role in the broader strategy literature (Barney, 1991; Leiblein, 2011; Mahoney & Pandian, 1992; Mahoney & Qian, 2013).”
Human capital matters: Market valuation of firm investments in training and the role of complementary assets (2017, background): “With these market frictions, firms will seek ways to achieve sustainable competitive advantage (Mahoney & Qian, 2013).”
Advancing the Human Capital Perspective on Value Creation by Joining Capabilities and Governance Approaches (2015, background): “Such resources are fraught with market frictions (Mahoney, 2005; Mahoney & Qian, 2013).”
Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality (2018, background): “The stakeholders who provide the resources cannot, ex ante, know what level of value will be created (Kim & Mahoney, 2010; Lepak et al., 2007; Mahoney & Qian, 2013).”
Sourcing for the base of the pyramid: Constructing supply chains to address voids in subsistence markets (2015, unknown): “Investigating how supply chains and firm practices differ in subsistence markets can help scholars and practitioners not only better understand the specificities of subsistence markets, but also build and test broader theories used in operations and strategic management, such as those involving rela”
Transaction Cost Economics As a Theory of Supply Chain Efficiency (2020, background): “11 When a ﬁrm vertically integrates, there are changes not only in ownership but also in incentives and monitoring (Mahoney 1992, Mahoney and Qian 2013, Williamson 1985).”
Alliance Capabilities (2015, background): “Property rights theory is particularly useful in addressing this question (Mahoney & Qian, 2013).”