Market frictions as building blocks of an organization economics approach to strategic management Mahoney and Qian, 2013 SMJ. Slides by Minjae Lee, BADM 545 Fall 2013. Overview. A wider recognition of the role of market frictions is useful to
Slides by Minjae Lee, BADM 545 Fall 2013
A wider recognition of the role of market frictions is useful to
Building on the same fundamental logic,
each theory branches out by emphasizing different but overlapping combinations of market frictions to address its canonical problem.
=> Transaction cost theory
=> Dual role of governance structure and Interaction between goals
Focusing on the concept of market friction as the key unit of analysis may prove useful in explaining the two primary questions