New Institutional Economics: Complementary Aspects

Authors

  • Cleiciele Albuquerque Augusto Universidade Federal de Santa Catarina (UFSC)
  • José Paulo Souza Universidade Estadual de Maringá (UEM)
  • Silvio Antonio Ferraz Cario Universidade Federal de Santa Catarina

DOI:

https://doi.org/10.5585/ijsm.v13i1.2036

Keywords:

Governance Structures, Transaction Cost Economics, Measurement Cost Economics, Resource Based View.

Abstract

The purpose of this article was to understand how the theoretical assumptions of the micro analytical level of New Institutional Economics (NIE), encompassing the Resource-Based View (RBV), the Transaction Cost Economics (TCE), and associated to the Economic Costs Measurement (ECM), might influence the choice of governance structures of companies. The method used was a literature review and descriptive research. Parallel to these theories, the RBV approach was chosen in order to discuss the relationship with the boundaries of the firm, and to identify the complementary aspects between these theoretical issues. The results showed that, when these approaches are considered together, it is evident that the possession and maintenance of strategic resources (VBR) characterizes property rights that need to be protected by legal mechanisms (ECT and ECM), able to minimize their loss of value, and secure property rights. Ultimately, the sustainability of a competitive advantage will be through structures that consider the presence of specific assets (ECT), measurability (ECM), and condition for competitiveness (VBR).

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Author Biographies

Cleiciele Albuquerque Augusto, Universidade Federal de Santa Catarina (UFSC)

Doutoranda em Administração pela Universidade Federal de Santa Catarina, atuando na área de estratégia e estruturas de governança.

José Paulo Souza, Universidade Estadual de Maringá (UEM)

Professor associado no Departamento de Administração da Universidade Estadual de Maringá, atuando na área de gestão de operações, estratégia, estruturas de governança e competitividade em sistemas agroindustriais.

Silvio Antonio Ferraz Cario, Universidade Federal de Santa Catarina

Professor associado do Departamento de Economia da Universidade Federal de Santa Catarina, atuando na área de organização industrial, economia da inovação e competitividade.

Published

01.03.2014

How to Cite

Augusto, C. A., Souza, J. P., & Cario, S. A. F. (2014). New Institutional Economics: Complementary Aspects. Revista Ibero-Americana De Estratégia, 13(1), 93–108. https://doi.org/10.5585/ijsm.v13i1.2036