Transaction-Specific Investment and Organizational Performance: A Meta-Analysis

Transaction-specific investment and organizational performance are two core concepts in studies of transactions between firms. The existing literature has explored the effect transaction-specific on from three different theoretical perspectives: transaction cost economics (TCE), resource-based view (RBV), social exchange theory (SET). However, considerable ambiguities inconsistencies exist among hypotheses relevant empirical study results, which have brought confusion to academic research practice. This adopted a meta-analysis method conduct quantitative review 58 studies, obtained total sample size 16,092. These results suggest more TSIs buyer–seller relationships, can improve both economic performance, especially regarding technological relationship performance. Moreover, tangible efficient, although they considered vulnerable opportunistic behavior previous research, contextual factors also as moderators. findings enrich inter-firm provide clear suggestions for companies’ TSI decisions.