Title: Entrepreneurship, transaction costs, and resource attributes

Authors: Kirsten Foss, Nicolai Foss

Addresses: Center for Strategic Management and Globalisation, Copenhagen Business School, Porcelainshaven 24B, 2.fl, 2000 Frederiksberg, Denmark. ' Center for Strategic Management and Globalisation, Copenhagen Business School, Porcelainshaven 24B, 2.fl, 2000 Frederiksberg, Denmark

Abstract: This paper responds to Kim and Mahoney|s ||How Property Rights Economics Furthers the Resource-Based View: Resources, Transaction Costs and Entrepreneurial Discovery|| (a comment on Foss and Foss, 2005). While we agree with many of their arguments, we argue that they fail to recognise how exactly transaction costs shape the process of entrepreneurial discovery. We provide a sketch of the mechanisms that link entrepreneurship, property rights, and transaction costs in a resource-based setting, contributing further to the attempt to take the RBV in a more dynamic direction.

Keywords: entrepreneurship; property rights; economic rent generation; resource-based view; transaction costs; Austria; strategic change management; entrepreneurial discovery; value creation.

DOI: 10.1504/IJSCM.2006.011101

International Journal of Strategic Change Management, 2006 Vol.1 No.1/2, pp.53 - 60

Available online: 16 Oct 2006 *

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