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Transaction Cost Economics: An Assessment of Empirical Research in the Social Sciences
Abstract
This paper provides a comprehensive review of the empirical literature in transaction cost economics (TCE) across multiple social science disciplines and business fields. We show how TCE has branched out from its economic roots to examine empirical phenomena in several other areas. We find TCE is increasingly being applied not only to business-related fields such as accounting, finance, marketing, and organizational theory, but also to areas outside of business including political science, law, public policy, and agriculture and health. With few exceptions, however, the use of TCE reasoning to inform empirical research in these areas is piecemeal. We find that there is considerable support of many of the central tenets of TCE, but we also observe a number of lingering theoretical and empirical issues that need to be addressed. We conclude by discussing the implications of these issues and outlining directions for future theoretical and empirical work.
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Cites
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Cited by
Cao, Z., & Lumineau, F. (2015) · Journal of Operations Management · doi:10.1016/j.jom.2014.09.009 · Cited by 937
Make, Buy, or Ally: A Transaction Cost Theory Meta-Analysis
Geyskens, I., Steenkamp, J.-B. E. M., & Kumar, N. (2006) · Academy of Management Journal · doi:10.5465/amj.2006.21794670 · Cited by 928
Probing theoretically into Central and Eastern Europe: transactions, resources, and institutions
Meyer, K. E., & Peng, M. W. (2005) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400167 · Cited by 845
Clearing a Path Through the Forest: A Meta-Review of Interorganizational Relationships
Parmigiani, A., & Rivera-Santos, M. (2011) · Journal of Management · doi:10.1177/0149206311407507 · Cited by 448
Dorobantu, S., Kaul, A., & Zelner, B. (2017) · Strategic Management Journal · doi:10.1002/smj.2590 · Cited by 441
Metadata
- Authors
- Macher, J. T., & Richman, B. D.
- Venue
- Business and Politics
- Publisher
- Cambridge University Press (CUP)
- Published
- 2008-04
- Volume
- 10
- Issue
- 1
- Pages
- 1-63
- ISSN
- 1369-5258 (ISSN-L)
- 1469-3569
- OpenAlex
- W3125235357
- Cited by
- 535
- References
- 12
- FWCI
- 69.56
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
