Testing Alternative Theories of the Firm, Transaction Cost, Knowledge-Based, and Measurement Explanations for Make-or-Bu

Jan 24, 2013

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Purpose:. The purpose of this article is to develop and test competing hypotheses from the transaction cost, knowledge-based, agency, and measurement literature regarding boundary choice and governance performance. Each theory provides a different explanation for the boundary of the firm or governa

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Testing Alternative Theories of the Firm, Transaction Cost, Knowledge-Based, and Measurement Explanations for Make-or-Bu

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Position or transaction based attribution

2. Agenda. Do we need transaction based attributionMethodologyMoney Weighted Return vs Time Weighted ReturnAverage Invested CapitalImpact on data requirements. 3. Questions. Why do we need transaction based attribution?To enhance the accuracy of the resultsDISCUSSIONIs it better than daily po

346 views • 7 slides

The nature of the firm between the capability view and the transaction cost analysis

Explaining the existence of different firms' organisational models: from transaction costs (TC) analysis to the capability view (CV) . How relations, knowledge, resources and institutions can explain the existing variety of firms (small and large entities and localised production systems) . Few

440 views • 28 slides

Theories of the Firm

Theories of the Firm. Evolutionary Theory. Introduction. Unit of analysis: the firm and its “specific physical and human assets” (Chandler, 1992) These evolve over a relatively long period of time They involve cumulative and collective action. Concepts. Organisational capabilities

193 views • 7 slides

Sociocultural Explanations/Theories of Mate Selection

Sociocultural Explanations/Theories of Mate Selection. Role Theory Value theory Murstien’s Sequential Theory Filter Theory Reiss’ Wheel Theory. Role Theory. The basic premise of role theory is that couples with similar role definitions or expectations are more likely to marry. Value Theory.

504 views • 8 slides

A Transaction Cost Approach to Make-or-Buy Decisions

A Transaction Cost Approach to Make-or-Buy Decisions. Gordon Walker and David Weber. Presenter: Wen ZHENG. Research Question. Apply transaction cost framework to investigate make-or-buy decisions for relative simple components in a manufacturing division of a large U.S. automobile company .

350 views • 20 slides

Theories of the Firm - or Frameworks ?

Theories of the Firm - or Frameworks ?. JC Spender ESADE & LUSEM. units of analysis & problematics. environment market. people (e.g. employee) things (e.g. resource, routine). organization / firm. boundary fit adapt change vitality manage. 1 st - organization as (social) system.

268 views • 17 slides

Transaction Cost Economics and the Boundaries of the Firm

Transaction Cost Economics and the Boundaries of the Firm. Peter G. Klein Contracting and Organizations Research Institute Division of Applied Social Sciences University of Missouri, USA June 2006. A little about me. Education BA, economics, Univ. of North Carolina, 1988

766 views • 26 slides

Theories of the Firm

Theories of the Firm. Stakeholder Theory. Introduction. Answer to shareholder (owner) dominance of governance Inspired by social/egalitarian view Views firm as having value created not only by shareholders Employees invest in the firm by developing firm-specific skills. The theory.

347 views • 6 slides

(Western) theories for the origins of the caste system: Voluntary explanations

(Western) theories for the origins of the caste system: Voluntary explanations Caste as an extreme form of already known institutions Historical explanations The current view of caste: Louis Dumont’s “Homo Hierarchicus ”.

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Episode-Based Cost and Resource Use Measurement

Episode-Based Cost and Resource Use Measurement. Mark Rattray MD. What are episodes of care?. “A series of clinically related health care claims over a defined time period, such as all claims related to a patients diabetes” ( Hornbrook et al, 1985)

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Is the association causal, or are there alternative explanations?

Is the association causal, or are there alternative explanations? . Epidemiology matters: a new introduction to methodological foundations Chapter 8. Seven steps. Define the population of interest Conceptualize and create measures of exposures and health indicators

476 views • 32 slides

Three Theories of Knowledge

Three Theories of Knowledge. Skepticism, Rationalism & Empiricism. Two important terms. A priori : “prior to, before” S ome ideas are true independent of, or “before” experience. Examples a. Mathematical propositions (2 + 2 = 4).

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Three Theories of Knowledge

Three Theories of Knowledge. Skepticism, Rationalism & Empiricism. What is Knowledge?. True, Justified, Belief Needs to be ALL 3: It can be true but not justified– you guessed correctly Justification can be weak or strong…. Plato’s Tripartite Theory of Knowledge Meets Gettier’s Problem.

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ALTERNATIVE OBJECTIVES OF THE FIRM

ALTERNATIVE OBJECTIVES OF THE FIRM. OVERVIEW. Managerial theories of the firm (non-profit maximizing objective flowing from separation between ownership & management) There are several models, but mainly concentrating on: Baumol’s constrained sales maximization model

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The Firm and Cost Overheads

The Firm and Cost Overheads. Costs in the short run. Total cost. A firm’s total cost of production is the opportunity cost of the owners. — everything they must give up in order to produce output. Explicit and implicit costs. Explicit costs.

456 views • 32 slides

Theories of Measurement

Theories of Measurement. Basics of Measurements. Measurement = assignment of numerals to represent physical properties Two Types of Measurements for Data Qualitative = Non-numerical or verbally descriptive also have 2 types Nominal = no order or rank ex list

289 views • 19 slides

Cost-based Distributed Transaction Coordinator

Cost-based Distributed Transaction Coordinator. Jin Taiyong 08/22/2001. T1. T2. T3. T4. Architecture. Functionalities of Execute Element. Transaction Pool. Execute the coordinated transactions. Transaction Scheduler. Database Distribution Manager. Load Information

364 views • 14 slides

Testing alternative theories of gravitation with superconducting gravimeters

Testing alternative theories of gravitation with superconducting gravimeters. Sachie Shiomi Space Geodesy Laboratory, Department of Civil Engineering, National Chiao Tung University, Hsinchu, Taiwan. 8 th January 200 8 Taitung workshop. Contents. Introduction

245 views • 14 slides

A Transaction Cost Approach to Make-or-Buy Decisions

A Transaction Cost Approach to Make-or-Buy Decisions. Gordon Walker and David Weber Administrative Science Quarterly, 29 (1984): 373-391. Purpose of the paper. Transaction cost Uncertainty Asset specificity. Make or buy decisions. Production cost. Given moderate uncertainty. Costs.

480 views • 19 slides

Chinese Theories of Knowledge

Chinese Theories of Knowledge. Zhuangzi. Daoism: Zhuangzi (c. 350 BCE). Intellectual distinctions correspond to nothing in reality There’s no point to doing anything Zhu Xi: “Laozi still wanted to do something, but Zhuangzi didn’t want to do anything at all.”. Arguments for Skepticism.

279 views • 16 slides

A Transaction Cost Approach to Make-or-Buy Decisions

A Transaction Cost Approach to Make-or-Buy Decisions. Gordon Walker and David Weber Administrative Science Quarterly, 29 (1984): 373-391. Focus of This Paper. This paper focuses on the Make-or-Buy decision as a paradigmatic problem for analyzing transaction costs. Structure of This Paper.

334 views • 13 slides

Measurement and Testing

Out line. Measurement and Testing. Is hardness quantity measurement or testing ?. Measurement Quantity System of quantity Base quantity Derived quantity Ordinal quantity Measurement standard Testing Traceability. VIM Definition. Measurement.

434 views • 30 slides

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