Individualism, Collectivism, and Opportunism: A Cultural Perspective on Transaction Cost Economics

نویسندگان

  • Chao C. Chen
  • Mike W. Peng
  • Patrick A. Saparito
چکیده

Researchers criticize the transaction cost economics (TCE) paradigm for over-generalizing the assumption of opportunism as human nature. We suggest that opportunistic propensity is affected by cultural prior conditioning of individualism–collectivism (I–C). Specifically, we propose that individualists have a higher opportunistic propensity in intra-group transactions, and collectivists in inter-group transactions. Our cultural specification of opportunism helps TCE to more effectively accommodate some criticisms and more realistically deal with problems of economic organization in today’s global economy. © 2002 Elsevier Science Inc. All rights reserved.

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تاریخ انتشار 2002