Vertical De-Integration in the Mutual Fund Industry: Using Knowledge as a Factor of Production
Loading...
Date
Authors
van den Berg, Herman Anthony
Journal Title
Journal ISSN
Volume Title
Publisher
Wiley
Abstract
This paper extends the knowledge-based view of the firm by using relative measures of two fundamental classifications of knowledge as factors of production. It relates differences in relative quantities of these classifications of knowledge to the probability that a given stage of production is outsourced or de-integrated. The probability of de-integration of adjacent stages of production is found to increase on increasing reliance on tacit knowledge and decreasing reliance on encapsulated knowledge. The research was motivated by the belief that the cost and value of knowledge, as a factor of production, influence economic efficiency.
Description
This is the author’s version of a work that was accepted for publication in Managerial and decision economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Managerial and decision economics, 30, 1, (2016) doi:10.1002/mde.2699
Keywords
knowledge-based view (KVB), vertical integration, organizational design, tacit knowledge
Citation
Managerial and decision economics, 37:1 (January 2016), pp. 62-76