期刊
JOURNAL OF BUSINESS RESEARCH
卷 78, 期 -, 页码 193-203出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jbusres.2016.12.015
关键词
Firm boundary decision; Make or buy; Transaction cost economics; Dynamic capabilities
类别
资金
- Norwegian Research Council [227026/O50]
This research addresses five criticisms of Transaction Cost Economics (TCE) as the dominating view of boundary decision as follows. First, Firm Failure is conceptualized as a counterpart to Market Failure. Second, real variance in opportunism (lack of trustworthiness) substitutes for TCE's assumption of universal marketplace opportunism. Third, transaction costs are included as a mediating variable to investigate the theory's alleged causal mechanism. Fourth, Firm Failure implies that internal to the firm transaction costs increase when Dynamic Capabilities (DC) are low for insourced activities and decrease when DC is high. Finally, this study of buyer-seller relationships indicates that TCE overemphasizes the role of marketplace transaction costs, and the impact of DC is much greater on firm boundary decisions as TCE and DC explain 21 and 53% of Vertical Integration, respectively. Additionally, a model combining both views explains 63%, illustrating the complementarity of these views for both suppliers and customers. (C) 2017 Elsevier Inc. All rights reserved.
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