International business scholars have successfully applied transactions cost economics theories of the firm to understand a wide variety of global business phenomena. However, because this theory takes the value of a global exchange as given, and then examines how to organize this exchange most efficiently, it cannot be considered a “strategic theory of the firm.” Some of the key elements of such a strategic theory of the firm, and how their introduction to international business research could change both theory and practice, are discussed.

中文翻译：

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IB 是否需要公司的战略理论？

国际商业学者已经成功地应用公司的交易成本经济学理论来理解各种各样的全球商业现象。但是，由于该理论将全球交换的价值作为给定，然后考察如何最有效地组织这种交换，因此不能将其视为“企业战略理论”。讨论了这种公司战略理论的一些关键要素，以及将它们引入国际商业研究将如何改变理论和实践。