Actionable and enduring implications of Oliver Williamson’s transaction cost theory
نویسندگان
چکیده
منابع مشابه
Draft Transaction Alignment and Survival : Performance Implications of Transaction Cost
There are now hundreds of empirical studies that have confirmed the main predictions of transaction cost economics regarding the alignment of transactions with governance 2001) have noted, there are very few empirical studies that demonstrate the impact of this economizing alignment on performance. Some critics of the theory have noted that in order for the theory to be of relevance to other or...
متن کاملshortcomings of transaction cost economics
i am going to assess shortcomings of transaction cost economics (tce) of oliver williamson. my argument is that this analysis suffers from misidentification of the relevant problem of the theory, analytical incoherence, inconsistent empirical support and methodological defects. in formulating coase's fundamental idea, williamson accepts an efficient equilibrium which occurs once forever, t...
متن کاملstation and foundations of transaction cost economics
transaction cost economics (tce), as a subset of new institutional economics (nie), is the combination of economics, organization and law. noble prize in 2009 was dedicated to oliver williamson who was the most popular face in the economics as tce main contributor. in tce, the main issues on the one hand is how institutions follow characteristics of transactions, on the other hand, the making o...
متن کاملTransaction attributes and software outsourcing success: an empirical investigation of transaction cost theory
In recent years, an increasing amount of attention has been paid to information systems (IS) outsourcing by practitioners as well as academics. However, our understanding of the factors that affect outsourcing success is hardly complete. By adopting transaction cost theory (TCT) as the theoretical foundation, this study analyses the implications of transaction attributes on the consequences of ...
متن کاملToward a Unified Transaction Cost Theory of Economic Organization
ing as it does from population growth and technical progress, the model does not generate perpetual growth. It does, however, illustrate the role of organizational change in exploiting the gains to labor specialization and, thereby, overcoming diminishing returns to capital. The focus on organization, in turn, highlights the role of transaction costs as a determinant of long run economic perfor...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of International Business Studies
سال: 2022
ISSN: ['0047-2506', '1478-6990']
DOI: https://doi.org/10.1057/s41267-022-00558-y