Losing sight of the forest for the trees? Productive capabilities and gains from trade as drivers of vertical scope
Focusing on proving or disproving transaction cost economics has led to a relative neglect of some key drivers of vertical scope, such as differences in productive capabilities (as opposed to capabilities of governance). We consider how productive capability differences can shape vertical scope thro...
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| Veröffentlicht in: | Strategic management journal 2005-12, Vol.26 (13), p.1209-1227 |
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| container_end_page | 1227 |
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| container_issue | 13 |
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| container_title | Strategic management journal |
| container_volume | 26 |
| creator | Jacobides, Michael G. Hitt, Lorin M. |
| description | Focusing on proving or disproving transaction cost economics has led to a relative neglect of some key drivers of vertical scope, such as differences in productive capabilities (as opposed to capabilities of governance). We consider how productive capability differences can shape vertical scope through gains from trade. Using highly detailed data from the mortgage banking industry, we find productive capabilities to be a key determinant of the make-vs.-buy decision. Our analysis also suggests firms' attempts to leverage a comparative advantage can also lead to the use of mixed governance modes (both 'make' and 'buy' in a particular part of the value chain). We conclude that the distribution of productive capabilities along the value chain, catalyzed by transaction costs, ultimately drives vertical scope. |
| doi_str_mv | 10.1002/smj.501 |
| format | Article |
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Productive capabilities and gains from trade as drivers of vertical scope</title><author>Jacobides, Michael G. ; Hitt, Lorin M.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4071-73c35e4373eed9a960cf2ec9ca2d8ddb503090515a1f471efd6ec769213480583</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2005</creationdate><topic>Bank loans</topic><topic>Bank operations</topic><topic>Banking industry</topic><topic>Business management</topic><topic>Business strategies</topic><topic>Buy or make decisions</topic><topic>Comparative advantage</topic><topic>Competitive advantage</topic><topic>Corporate governance</topic><topic>Corporate strategies</topic><topic>Credit market</topic><topic>Data analysis</topic><topic>Empirical tests</topic><topic>Financial services</topic><topic>gains from trade</topic><topic>Investment risk</topic><topic>Loan defaults</topic><topic>Management science</topic><topic>Mortgage banks</topic><topic>Mortgage loans</topic><topic>Mortgages</topic><topic>Organization theory</topic><topic>Production management</topic><topic>productive capabilities</topic><topic>Strategic management</topic><topic>Studies</topic><topic>Transaction costs</topic><topic>U.S.A</topic><topic>Value chain</topic><topic>vertical integration</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Jacobides, Michael G.</creatorcontrib><creatorcontrib>Hitt, Lorin M.</creatorcontrib><collection>Istex</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Strategic management journal</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Jacobides, Michael G.</au><au>Hitt, Lorin M.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Losing sight of the forest for the trees? 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| ispartof | Strategic management journal, 2005-12, Vol.26 (13), p.1209-1227 |
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| language | eng |
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| source | Access via Wiley Online Library; Jstor Complete Legacy |
| subjects | Bank loans Bank operations Banking industry Business management Business strategies Buy or make decisions Comparative advantage Competitive advantage Corporate governance Corporate strategies Credit market Data analysis Empirical tests Financial services gains from trade Investment risk Loan defaults Management science Mortgage banks Mortgage loans Mortgages Organization theory Production management productive capabilities Strategic management Studies Transaction costs U.S.A Value chain vertical integration |
| title | Losing sight of the forest for the trees? Productive capabilities and gains from trade as drivers of vertical scope |
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