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On the Firm’s Raison d’Être and Competence-based Nature of the Firm

In: Kompetenz, Interdisziplinarität und Komplexität in der Betriebswirtschaftslehre

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  • Jörg Freiling

    (Universität Bremen)

Abstract

Transaction cost theory tells us that firms are an integral part of the market process for they help economic agents to cope with highest degrees of uncertainty and specificity (Williamson, 1985). There is no point to question this understanding.

Suggested Citation

  • Jörg Freiling, 2013. "On the Firm’s Raison d’Être and Competence-based Nature of the Firm," Springer Books, in: Wolfgang Kersten & Jochen Wittmann (ed.), Kompetenz, Interdisziplinarität und Komplexität in der Betriebswirtschaftslehre, pages 29-38, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-03462-7_3
    DOI: 10.1007/978-3-658-03462-7_3
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