In the Journals

17 January 2014 at 12:02 pm 3 comments

| Peter Klein |

Some interesting review issues and special collections are hot off the virtual presses. The Journal of Management has just released its annual review issue with a number of valuable papers, including this one of particular interest to the O&M crowd:

The Many Futures of Contracts: Moving Beyond Structure and Safeguarding to Coordination and Adaptation
Donald J. Schepker, Won-Yong Oh, Aleksey Martynov, and Laura Poppo

In this article, we review the literature on interfirm contracting in an effort to synthesize existing research and direct future scholarship. While transaction cost economics (TCE) is the most prominent perspective informing the “optimal governance” and “safeguarding” function of contracts, our review indicates other perspectives are necessary to understand how contracts are structured: relational capabilities (i.e., building cooperation, creating trust), firm capabilities, relational contracts, and the real option value of a contract. Our review also indicates that contract research is moving away from a narrow focus on contract structure and its safeguarding function toward a broader focus that also highlights adaptation and coordination. We end by noting the following research gaps: consequences of contracting, specifically outcome assessment; strategic options, decision rights, and the evolution of dynamic capabilities; contextual constraints of relational capabilities; contextual constraints of contracting capabilities; complements, substitutes, and bundles; and contract structure and social process.

The always-interesting Strategic Organization has also released a package of previously published papers as a virtual special issue titled “Whither Strategy?” I have a soft spot for anything using the word “whither,” but this is a great collection by any name. Check out the ToC:

Entry filed under: - Klein -, History of Economic and Management Thought, Management Theory, New Institutional Economics, Recommended Reading, Strategic Management. Tags: .

The Modular Kimono Focused Firms and Conglomerates: Let a Thousand Flowers Bloom

3 Comments Add your own

  • 1. Crazy Dane  |  21 January 2014 at 3:16 pm

    OT:

    Steen Hildebrandt, the famous management scientist just turned 70!!

    And you haven’t written anything about it?

    It is funny, in Denmark the newspapers write about him, as if he is some sort of big name within academia (organizational theory, management and business science), but when I look at his CV, it is not very impressive.

    Have you ever heard of him?
    (obviously Nicolai Foss knows him, but what about the rest of you?)

    Has he ever done any kind of “research” of any importance that you have heard of?

  • 2. Peter Klein  |  21 January 2014 at 3:34 pm

    I’m afraid I don’t know his work, sorry!

  • 3. Rafe’s Roundup 20 December | Catallaxy Files  |  27 January 2014 at 4:23 pm

    […] In the journals, with Peter Klein. […]

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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).

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