“…These issues are investigated on the lenses of many perspectives, but five of them are the most prevalent (Dant et al, 2011) -resource acquisition theory (Oxenfeldt & Kelly, 1969), agency theory (Fama & Jensen, 1983a, 1983b, transaction cost analysis (WILLIAMSON, 1985), signaling Theory (Gallini & Lutz, 1992;Gallini & Wright, 1990) and property rights theory (Demsetz, 1966;Hart & Moore, 1990;Maness, 1996) -although scholars have been using many other theoretical perspective approaches as well -stakeholder theory (D. Altinay & Miles, 2006), tournament theory (James G. Combs, Ketchen Jr, & Short, 2011;Gillis, McEwan, Crook, & Michael, 2011) , institutional theory (D. Altinay & Miles, 2006), RBV (Barthélemy, 2008;Fladmoe-Lindquist, 1996), upper echelons theory (J. G. , learning theory (J. G. Combs, Ketchen, Shook, & Short, 2010); plural theory (Dant & Kaufmann, 2003), risk-sharing theory (Hsu, Jang, & Canter, 2010), social exchange theory (James G. Combs et al, 2011), resource dependence theory (Dant & Gundlach, 1999), among other perspectives.…”