Dynamic boundaries of the firm: Are firms better off being vertically integrated in the face of a technological change?

• 成果类型: Article
• 署名作者: Afuah, A
• 署名单位: University of Michigan System; University of Michigan
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/3069397
• 发表日期: 2001
• 页码: 1211-1228
• 关键词: knowledge; capabilities; INNOVATION; strategy; network; product; COSTS; ORGANIZATION; performance; advantage

摘要

Building on transaction cost economics and the knowledge-based theory of the firm, I argue that, following a technological change that is competence-destroying to firms and their suppliers, firms that are integrated vertically into the new technology will perform better than those that are not. At the same time, firms that had been vertically integrated into the old technology will perform worse than those that had not been. This argument suggests that the efficient boundaries of a firm are dynamic. I used the adoption of reduced instruction set computer (RISC) technology by makers of computer workstations to explore the hypotheses.