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 article

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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