Transaction Cost Economics and Recource Based View: complementary aspects in the treatment of governance structures
DOI:
https://doi.org/10.7213/rebrae.08.002.AO04Keywords:
Transaction Costs, Resources and Capabilities, Complementarity, Governance StructuresAbstract
The transaction cost economics (TCE), in the field of New Institutional Economics, have been shown as one of the most elaborate theoretical and explanatory constructs of arrangements existing in organizational reality. However, recent studies have sought on the Resource Based View (RBV) approach the theoretical foundations about setting these arrangements, in addition to highlighting a required complementarity between TCE and the RVB in understanding how they are formed. In this sense, the objective in this article was to understand how the complementarity theory TCE and RBV explain the configuration of the governance structures in the context of New Institutional Economics. The discussion presented in the form of essay, demonstrated that resources and differentiated capabilities could provide the basis for the proper choice of governance structures. These structures, in turn, are chosen in order to protect and achieve sustainable competitive advantages from these resources. Thus, that the complementary view of TCE with RBV is able to encompass more fully the aspects related to the choice of firm boundaries, minimizing the individual limitations of these approaches in terms of strategic analysis.Downloads
References
ALVES, F.; BOMTEMPO, J. V.; COUTINHO, P. Competências para Inovar na indústria petroquí-
mica brasileira. Revista Brasileira de Inovação, Rio de Janeiro, v. 4, n. 2, 2005.
ARGYRES, Nicholas; ZENGER, Todd. Capabilities, Transaction Costs, and Firm Boundaries: A
Dynamic Perspective and Integration. Social Science Research Network (SSRN). Available at
SSRN: < http://ssrn.com/abstract=1081857>, Jun/2008.
AZEVEDO, Paulo Furquim de. Nova Economia Institucional: referencial geral e aplicações para
a agricultura. Agricultura, São Paulo, v. 47, n. 1, p. 33-52, 2000.
BARNEY, JAY. Firm resources and sustained competitive advantage. Journal of management.
v. 17, n. 1, p. 99-120, 1991.
BESANKO, D.; DRANOVE, D.; SHANLEY, M.; SCHAEFER, S. A Economia da Estratégia Porto
Alegre: Brookman, 2006.
BURLAMAQUI, Leonardo; PROENÇA, Adriano. Inovação, recursos e comprometimento: em
direção a uma teoria estratégica da firma. Revista Brasileira de Inovação, v. 2, n. 1, jan./jun.
COMBS, James G.; KETCHEN, David J. Explaining Interfirm Cooperation and Performance:
Toward a Reconciliation of Prediction from the Resource-Based-View and Organizational
Economics. In: Strategic Management Journal, v. 20, p. 867-888, 1999.
FOSS, Kirsten; FOSS, Nicolai J. The Next Step in the Evolution of the RBV: Integration with
Transaction Cost Economics. Management Revue, v. 15, n. 1, mar/2004.
GHOSHAL, Sumantra; MORAN, Peter. Bad for Practice: A Critique of the Transaction Cost Theory. Academy of Management Review, v. 21, n. 1,p. 13-47, 1996.
GUASSELLI, Idair Gaudencio Girardi ; ABREU, Marcelo Faoro de. Racionalidade Substantiva
como um Recurso Estratégico para a Obtenção de Vantagens Competitivas: O Caso de uma
Associação de Fruticultores na ‘Serra Gaúcha’. In: 3 Es – Encontro de Estudos em Estratégia,
ANPAD, 2009, Recife/PE. Rio de Janeiro: 2009.
JACOBIDES, Michael G.; WINTER, Sidney G. The Co-Evolution of Capabilities and Transaction
Costs: Explaining the Institutional Structure of Production. Strategic Management Journal, v
, p. 395-413, 2005.
KIMURA, H. et. al. Algumas Reflexões sobre Estudos em Estratégia. In: 3 Es - III Encontro de
Estudos em Estratégia, ANPAD, 2007. São Paulo/SP: Maio de 2007.
LAKATOS, E. M.; MARCONI, M. A. Técnicas de pesquisa. São Paulo: Atlas, 2002.
LANGLOIS, Richard N. Transaction-Cost Economics in Real Time. Oxford Journal – Industrial
and Corporate Change, v. 1, n. 1, p. 99-127, 1992.
LANGLOIS, R. N.; FOSS, N. J. Capabilities and Governance: the Rebirth of Production in the
Theory of Economic Organization. In: Danish Research Unit for Industrial Dynamics. January, 1997.
MÉNARD, Claude. The economics of hybrid organizations. In.: Journal of Institutional and
Theoretical Economics, p. 345-376, 2004.
MINTZBERG, H. et. al. Safári de Estratégia. Porto Alegre: Bookman, 2000.
PETERAF, Margaret A.. The cornerstones of competitive advantage: a resource based view.
Strategic Management Journal, v.14, p.179-191, 1993.
POPPO, Laura; ZENGER, Todd. Testing alternative theories of the firm: transaction cost,
knowledge-based, and measurement explanations for make-or-buy decisions in information
services. Strategic Management Journal, v. 19, p. 853–877, 1998.
ROSINA, Leonice et al. Governança em sistemas agroindustriais: complementaridades entre a
economia dos custos de transação e a teoria econômica das convenções. In: XLV Congresso da
Sober, 2007, Londrina/PR. Londrina: 2007.
SAES, Maria Sylvia M. Estratégias de diferenciação e apropriação da quase-renda na agricultura: a produção de pequena escala. São Paulo: Annablume, Papesp, 2009.
TEECE, David; PISANO, Gary; SHUEN, Amy. Dynamic capabilities and strategic management.
Strategic Management Journal, v. 18, n. 7, p. 509–533, 1997.
WILLIAMSON, Oliver. E. The economic institutions of capitalism: firms, markets, relational contracting. New York: Free Press, 1985.
ZYLBERSZTAJN, Decio. A estrutura de governança e coordenação do agribusiness: uma
aplicação da nova economia das instituições. 1995. 238 p. Tese (Livre-Docência) - Faculdade de Economia, Administração e Contabilidade, Universidade de São Paulo, São Paulo, 1995.
ZYLBERSZTAJN, Decio. From Contracts to Networks: New Directions in the Study of Governance of Agro-Food-Energy Networks. International European Forum on Systems Dynamics
and Innovation in Food Networks, v. 1, February, p. 1-27, 2009.
ZYLBERSZTAJN, Decio. Papel dos contraltos na coordenação agro-industrial: um olhar além
dos mercados. In: SOUZA, José Paulo de; PRADO, Ivanor Nunes do. Cadeias produtivas: estudos
sobre competitividade e coordenação. 2. Ed. Maringá: EDUEM, 2009.
