To the top

Page Manager: Webmaster
Last update: 9/11/2012 3:13 PM

Tell a friend about this page
Print version

Toward a new Theory of th… - University of Gothenburg, Sweden Till startsida
To content Read more about how we use cookies on

Toward a new Theory of the Firm: Warrant, Design and Proposal

Conference contribution
Authors Johan Magnusson
Juho Lindman
Rikard Lindgren
Lidija Polutnik
Andreas Nilsson
Published in Blockchain Technology & Organizations Research Symposium at the University of Connecticut
Publication year 2018
Published at Department of Applied Information Technology (GU)
Language en
Keywords Blockchain, theory of the firm, transaction cost economics
Subject categories Business Administration, Information Systems, Social aspects, Information Systems, Computer Systems


In this paper, we posit that blockchain technology and its application challenge the foundations of existing theories of the firm. Utilizing transaction cost economics as a point of reference, we explore how said theory grows obsolete with increasing blockchain adoption and how new theory is needed. At the core of our argument lies the diminution of transaction costs and its effect on the principles of scarcity, boundaries, motivation, size and returns. The paper identifies propositions where blockchain challenges the prevailing theory of the firm. These propositions are used as design criteria for future research agenda intended to contribute toward a new theory of the firm. Four design experiments utilizing application of blockchain are presented as a suggestion for future research.

Page Manager: Webmaster|Last update: 9/11/2012

The University of Gothenburg uses cookies to provide you with the best possible user experience. By continuing on this website, you approve of our use of cookies.  What are cookies?