GM-Fisher Body Revisited: Based on the Synthesis of the Transaction Cost and the Capabilities
The acquisition of the GM-Fisher Body was the example cited widely in the empirical studies of the firm theories. The theory of the firm boundaries based on the synthesis of the transaction cost and the firm capabilities explains that the acquisition is due to the higher measurement cost, the increasing transaction frequency and the GM’s lack less of the capability to make the car-body, asset specificity is not the main cause.
Weiguo Pan, Jianxing Ren and Yongguang Li
B. Cui "GM-Fisher Body Revisited: Based on the Synthesis of the Transaction Cost and the Capabilities", Advanced Materials Research, Vols. 347-353, pp. 3268-3270, 2012