An Empirical Study on Make-or-buy Decision Making
نویسندگان
چکیده
منابع مشابه
17. The Make-or-Buy Decision: Lessons from Empirical Studies
The “transaction cost” theory of the firm introduced by Coase (1937) has become a standard framework for the study of institutional arrangements. The Coasian framework helps explain not only the existence of the firm, but also its size and scope. Why, in Coase’s (1937, pp. 393–94) words, “does the entrepreneur not organize one less transaction or one more?” Some firms are highly integrated: IBM...
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In this paper, we seek to analyse the main drivers of firms’ choice in terms of outsourcing and/or offshoring of Information and Communication Technologies (ICT) services. As globalisation is a new way firms choose to organize their activities, a broad literature focuses on the outsourcing and the offshoring of activities (Grossman and Helpman, 2005; Marin and Verdier, 2003). Even if a lot of p...
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In 1937, Ronald Coase argued that firms will exist only in environments in which firms perform better than markets could. To create space for firms, Coase suggested that some environments might be plagued by “transaction costs” that cause markets to perform poorly. Coase’s paper was to become the cornerstone of the economic theory of the firm (i.e., the “make or buy” decision: which activities ...
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Sixty-five years ago, Ronald Coase (1937) asked what determines whether production will be organized in a firm or through the market, later coined the "make-or-buy" decision. This question was put center stage by Oliver Williamson (1975, 1985) who further developed transaction-costs economics (TCE), arguing that incomplete contracts and specific relationships overshadowed by opportunism, asymme...
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The emergence of the web service market has enabled firms to choose between developing web services internally and purchasing them externally from web service providers. In general, these socalled make-or-buy decisions have been the object of intense debate in the IT outsourcing literature. However, characteristics of web services such as loose coupling and the current trend of digitalizing app...
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ژورنال
عنوان ژورنال: International journal of education and management engineering
سال: 2022
ISSN: ['2305-3623', '2305-8463']
DOI: https://doi.org/10.5815/ijeme.2022.01.03