Entrepreneurship, Transaction Costs, and Resource Attributes

Foss, Kirsten; Foss, Nicolai J.

doi:10.2139/ssrn.982103

Cited by 59 publications

(8 citation statements)

References 33 publications

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“…Kim and Mahoney (2006) claim that the arguments developed by Foss and Foss (2005) can be extended to include more dynamic aspects of resource utilization, specifically the dynamic search of entrepreneurial income. Foss and Foss (2006), in turn, argue that property rights, along with the transaction costs involved in defining and securing property rights, influence the entrepreneur’s expectations regarding the value of the attribute that he or she can appropriate.…”

Section: Literature Reviewmentioning

confidence: 99%

A property rights approach to strategy

Monteiro

Zylbersztajn

2012

Strategic Organization

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This article is about how resources can be conceptualized as bundles of attributes for which one can assign economic property rights. Strategic considerations are deliberately incorporated into the analysis through the assessment of the activities of capture and protection of property rights, along with the examination of the institutional environment. These basic elements combine in order to design an approach to strategy. In developing this approach, the authors identify four key questions for structuring the strategy formulation process of the firm. The analytical framework is illustrated through a particular case: the collection of royalties on the genetically modified (GM) technology in soybean seeds.

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Section: Literature Reviewmentioning

confidence: 99%

A property rights approach to strategy

Monteiro

Zylbersztajn

2012

Strategic Organization

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“…However, whether the rights will be removed from the public domain depends on not only the value of those rights but also the transaction costs involved in measuring, delineating and protecting those rights. Again, optimal regulations to delineate these rights with lower transaction cost also have to go through a trial-and-error process to discover best regulations (Foss and Foss, 2006). NIE insights for neighbourhood governance are that there are many institutional choices and each one is not fixed, but evolves dynamically in association with the local context, economic conditions, related parties, the government and individuals (North, 1990;Schmid, 2004).…”

Section: Debates Of Institutional Choice and Design In Common Interesmentioning

confidence: 99%

Common Interest Development and the Changing Roles of Government and Market in Planning

Chen¹

2011

Urban Studies

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World-wide, common interest development (CID) and its governance, homeowners' associations (HOAs), are developing rapidly. However, numerous conflicts have given rise to the need to redefine governmental and market roles in current HOA governance. This paper examines the successful development of the NangKang Software Park (NKSP) in Taiwan and draws conclusions for alternative government and other parties involved in neighbourhood management. There are several factors contributing to NKSP's success, one being early governmental participation in the institutional design, which assisted in minimising potential conflicts. Another is NKSP's external property management company, whose rent-seeking incentives were hindered through market competition. A third element of NKSP's success was its HOA's human resource management in its industrial neighbourhood. The results from this study suggest that HOA governance may be very suitable for industrial districts and may also provide a globally applicable solution for CID and HOA development.which is crucial to its performance, has been largely ignored.NKSP is composed of five factory-office building (FOBs) complexes. A FOB is a highrise building similar to a residential condominium property, but customised for small and medium enterprises (SMEs). Unlike traditional manufacturers, SMEs need little space and desire close proximity to cities.

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“…Proposition 1 holds once more. Foss and Foss (2006) argue that the value of the attribute to the resource owner depends on whether he holds secure property rights over the relevant attribute. In other words, the value of the resource attribute depends on how well the system of property rights is designed.…”

Section: Resultsmentioning

confidence: 99%

“…The emergence of GMOs in Brazilian agriculture, backed up by The Brazilian Patent Law, is particularly interesting because it represents a very important transformation in the technological environment of the seed industry. This significantly changed the appropriability 50 Foss and Foss (2006) clarifies that the kind of entrepreneurship that was implicitly addressed in Foss and Foss (2005) referred to the engagement in searching ways to reduce transaction costs: "[...] new ways of defining (e.g., better ways of measuring attributes), protecting (e.g., ways of protecting credit card information in virtual exchanges), and exchanging (e.g., internet trade) property rights […]." (Foss & Foss 2006, p. 57).…”

Section: Property Rights and Rbvmentioning

confidence: 99%

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Value appropriation strategies: linking the resource based view to the property rights theory

Sá¹

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Entrepreneurship, Transaction Costs, and Resource Attributes

Cited by 59 publications

References 33 publications

A property rights approach to strategy

A property rights approach to strategy

Common Interest Development and the Changing Roles of Government and Market in Planning

Value appropriation strategies: linking the resource based view to the property rights theory

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