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Does IB need a strategic theory of the firm?

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Listed:
  • Jay B. Barney

    (The University of Utah)

  • Asli M. Arikan

    (Kent State University)

  • Ilgaz Arikan

    (Kent State University)

Abstract

International business scholars have successfully applied transactions cost economics theories of the firm to understand a wide variety of global business phenomena. However, because this theory takes the value of a global exchange as given, and then examines how to organize this exchange most efficiently, it cannot be considered a “strategic theory of the firm.” Some of the key elements of such a strategic theory of the firm, and how their introduction to international business research could change both theory and practice, are discussed.

Suggested Citation

  • Jay B. Barney & Asli M. Arikan & Ilgaz Arikan, 2023. "Does IB need a strategic theory of the firm?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(6), pages 1105-1114, August.
    • Handle: RePEc:pal:jintbs:v:54:y:2023:i:6:d:10.1057_s41267-023-00606-1
    DOI: 10.1057/s41267-023-00606-1
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    Cited by:

    1. Andrejs Čirjevskis, 2023. "Measuring Value in Development with Advanced Real Options for International Sequential Acquisitions," JRFM, MDPI, vol. 16(9), pages 1-12, September.

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