The DOI matches its Crossref record; 147 of the 147 references it cites were found in a registry or an index.
Markets, Hierarchies, and Families: Toward a Transaction Cost Theory of the Family Firm
Abstract
Why do family businesses exist? What factors explain their versatility, limitations, and success within and across different industrial and geographic contexts? We develop a transaction cost framework that addresses these questions. In doing so, we identify a class of assets we term generic nontradeables (GNTs), that are firm specific, but generic in application. While many types of firms may possess such assets, we reason that family firm governance provides relative advantages in developing, sustaining, and appropriating value from GNTs through combinations with other types of assets. We propose that these advantages, as well as some concomitant disadvantages, explain the versatility, limitations, and success of family business enterprise.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Theory of the firm: Managerial behavior, agency costs and ownership structure
Jensen, M. C., & Meckling, W. H. (1976) · Journal of Financial Economics · doi:10.1016/0304-405x(76)90026-x · Cited by 71,491
Economic Action and Social Structure: The Problem of Embeddedness
Granovetter, M. (1985) · American Journal of Sociology · doi:10.1086/228311 · Cited by 28,745
Social Capital in the Creation of Human Capital
Coleman, J. S. (1988) · American Journal of Sociology · doi:10.1086/228943 · Cited by 26,975
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
Social Capital in the Creation of Human Capital
COLEMAN, J. (2000) · Knowledge and Social Capital · doi:10.1016/b978-0-7506-7222-1.50005-2 · Cited by 21,666
(1993) · Journal of the American Dietetic Association · doi:10.1016/0002-8223(93)91697-o · Cited by 18,154
The Knowledge-Creating Company: How Japanese Companies Create the Dynamics of Innovation
Nonaka, I., & Takeuchi, H. (1995) · doi:10.1093/oso/9780195092691.001.0001 · Cited by 18,010
The Economic Institutions of Capitalism
Dugger, W. M. (1987) · Journal of Economic Issues · doi:10.1080/00213624.1987.11504638 · Cited by 14,786
The Knowledge-Creating Company
Nonaka, I. (1998) · The Economic Impact of Knowledge · doi:10.1016/b978-0-7506-7009-8.50016-1 · Cited by 14,619
Markets and Hierarchies: Analysis and Antitrust Implications.
O'Brien, D. P., & Williamson, O. E. (1976) · The Economic Journal · doi:10.2307/2230812 · Cited by 13,381
Cited by
Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012) · Family Business Review · doi:10.1177/0894486511435355 · Cited by 2,724
Doing More with Less: Innovation Input and Output in Family Firms
Duran, P., Kammerlander, N., van Essen, M., & Zellweger, T. (2016) · Academy of Management Journal · doi:10.5465/amj.2014.0424 · Cited by 928
The Ability and Willingness Paradox in Family Firm Innovation
Chrisman, J. J., Chua, J. H., De Massis, A., Frattini, F., & Wright, M. (2015) · Journal of Product Innovation Management · doi:10.1111/jpim.12207 · Cited by 566
De Massis, A., Kotlar, J., Chua, J. H., & Chrisman, J. J. (2014) · Journal of Small Business Management · doi:10.1111/jsbm.12102 · Cited by 440
The Adolescence of Family Firm Research: Taking Stock and Planning for the Future
Gedajlovic, E., Carney, M., Chrisman, J. J., & Kellermanns, F. W. (2012) · Journal of Management · doi:10.1177/0149206311429990 · Cited by 437
Self-citation
Metadata
- Authors
- Gedajlovic, E., & Carney, M.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2010-11
- Volume
- 34
- Issue
- 6
- Pages
- 1145-1172
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W3124853474
- Cited by
- 257
- References
- 147
- FWCI
- 27.71
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Markets, Hierarchies, and Families: Toward a Transaction Cost Theory of the Family Firm. https://app.cochat.ai/papers/10.1111/j.1540-6520.2010.00418.x
- The paper
- Gedajlovic, E., & Carney, M. (2010). Markets, Hierarchies, and Families: Toward a Transaction Cost Theory of the Family Firm. Entrepreneurship Theory and Practice. https://doi.org/10.1111/j.1540-6520.2010.00418.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
