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Institutionalism and the strategic firm interactions approach

This article presents the development of a multidisciplinary perspective for the study of the behaviour of companies and other economic institutions in contemporary capitalism. Based on an extensive survey of the literature on this topic, it seeks to integrate some of the contributions originating from three theoretical approaches fundamental to the theme of institutionalism - the transactions cost economics, the evolutionary perspective and the strategic interactions approach. Together, these perspectives offer significant contributions to a more robust analysis of the importance of companies' relational capacity in the context of new production arrangements, especially in the context of organisational networks.

Supply chains; governance; organizational networks; transaction cost theory; evolutionary perspective


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