The Effects of Innovation on Vertical Structure: Perspectives on Transaction Costs and Competences
结合交易成本经济学和能力理论，利用Henderson和Clark的创新分类，分析企业面对创新时如何决定纵向整合边界，并调和了以往矛盾的理论预测与实证结果。
We analyze how transaction cost economics and competence arguments determine vertical organization boundaries when firms react to innovation. Existing perspectives and empirical evidence have been ambiguous because of conflicting tensions between the two frameworks and simplistic views of innovation. Using Henderson and Clark's (1990) innovation categories and a careful review of both theories, we show that it is possible to reach a consistent set of predictions on vertical integration and to reconcile apparently conflicting empirical results.