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- W2124346310 abstract "Introduction and Motivation Two broad strands of literature have emerged as particularly central to organizational strategy and the theory of the firm: organizational economics and the capability (or resource-based) literature. While organizational economics highlights organizational efficiency and has clear implications for the organization of transactions, it has been criticized for saying very little about organizational heterogeneity and therefore (sustainable) performance differences. Meanwhile, the capabilities literature has been lauded as a theory of organizational heterogeneity and sustainable performance differences, but criticized for an inability to address the organizational forms and governance arrangements that create these capability differences. The discussion and debate between these two literatures has persisted for at least 15 years and seems to have evolved through three distinct stages: (1) opposition— with scholars arguing that organizational economics and the capability literature are fundamentally different and even opposed; (2) complementarity—with scholars arguing that the respective theories deal with distinct but complementary aspects of organization and strategy; and (3) emerging integration—an emerging stage in which some scholars now argue that the two views are more than complementary and that they can genuinely be integrated. However, despite the promise of this integration, the two literatures continue to be juxtaposed rather than meaningfully integrated. The purpose and explicit goal of this special issue, then, is to encourage and highlight work that effectively and systematically integrates the organizational economics1 and organizational capabilities-based literatures. Overall, we submit that significantly deeper integration of these two literatures will lead to important insights into organizational behavior, particularly the relationships between various organizational and interorganizational forms and arrangements on the one hand, and capability building processes and outcomes on the other. To illustrate potential links between organizational economics and the capabilities-based literature, several areas seem promising. For example, capability development and resource acquisition fundamentally are decisions related to organizational boundaries. These decisions might be better understood if integrated with insights from transaction cost and property rights theories. Furthermore, capability development also implicates matters of governance; thus, a key opportunity" @default.
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- W2124346310 date "2009-08-01" @default.
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- W2124346310 title "Call for Papers—Special Issue: Organizational Economics and Organizational Capabilities: From Opposition and Complementarity to Real Integration" @default.
- W2124346310 doi "https://doi.org/10.1287/orsc.1090.0466" @default.
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