The intermediation theory of the firm: Integrating economic and management approaches to strategy

Daniel F. Spulber*

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review

30 Scopus citations

Abstract

Economic and management perspectives on management strategy can and should be integrated. The intermediation theory of the firm and models of market microstructure provide a basis for advancing the integration of management and economics perspectives. In particular, the theory allows for a combination of economic approaches such as Porter's work on competitive strategy with management approaches such as work on the abilities and resources of the organization. The article presents a unified strategy framework based on transaction costs and the intermediation theory of the firm.

Original languageEnglish (US)
Pages (from-to)253-266
Number of pages14
JournalManagerial and Decision Economics
Volume24
Issue number4
DOIs
StatePublished - Jun 1 2003

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

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