The Scope of Financial Institutions: In-Sourcing, Outsourcing, and Off-Shoring.
Based on the seminal paper by Ronald Coase and subsequent work by Oliver Williamson, Oliver Hart and others, explanations for the existence of firms typically hinge upon the advantages of internal coordination over the purchase of market services. In recent years, the standard theory of the integrated firm has given way to a concern about the relative advantages of in-sourcing over outsourcing, recognising that the scope of the firm is a strategic matter. The issue of in-sourcing versus outso...Expand abstract
- Working Papers in Employment, Work and Finance
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