scholarly journals Transaction Cost Economics: An Assessment of Empirical Research in the Social Sciences

2008 ◽  
Vol 10 (1) ◽  
pp. 1-63 ◽  
Author(s):  
Jeffrey T. Macher ◽  
Barak D. Richman
Keyword(s):  
Social Sciences ◽  
Public Policy ◽  
Transaction Cost ◽  
Empirical Research ◽  
Transaction Cost Economics ◽  
Empirical Work ◽  
Empirical Literature ◽  
Comprehensive Review ◽  
The Social ◽  
Considerable Support

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.

scholarly journals Integrating variable risk preferences, trust, and transaction cost economics – 25 years on: reflections in memory of Oliver Williamson

2021 ◽  
pp. 1-16
Author(s):  
John F. McMackin ◽  
Todd H. Chiles ◽  
Long W. Lam
Keyword(s):  
Social Sciences ◽  
Transaction Cost ◽  
Transaction Cost Economics ◽  
Risk Preferences ◽  
Future Research ◽  
Management Review ◽  
Trade Offs ◽  
Key Points ◽  
The Social

Abstract In this essay, we honour the memory of Oliver Williamson by reflecting on Chiles and McMackin's 1996 Academy of Management Review article ‘Integrating variable risk preferences, trust, and transaction cost economics’. The article, which built on Williamson's work in transaction cost economics (TCE), went on to attract attention not only from the authors’ home discipline of management and organisation studies, but also from other business disciplines, the professions and the social sciences. After revisiting the article's origins and core arguments, we turn to selectively (re)view TCE's development since 1996 through the lens of this article, focusing on trust, risk and subjective costs. We cover conceptual and empirical developments in each of these areas and reflect on how our review contributes to previous debates concerning trade-offs implicit in relaxing TCE's behavioural assumptions. We conclude by reflecting on key points of learning from our review and possible implications for future research.

Governance of supplier-customer relations: An empirical review

2007 ◽  
Vol 158 (12) ◽  
pp. 406-416
Author(s):  
Jon Bingen Sande
Keyword(s):  
Transaction Cost ◽  
Empirical Research ◽  
Customer Relations ◽  
Transaction Cost Economics ◽  
Exchange Theory ◽  
Forest Industry ◽  
Relational Contracts ◽  
Relational Exchange ◽  
Exchange Relationships ◽  
Relational Exchange Theory

The forest industry is riddled with exchange relationships. The parties to exchanges may have diverging goals and interests, but still depend upon each other due to non-redeployable specific assets. Formal and relational contracts may be used to deal with the resulting cooperation problems. This paper proposes a framework based on transaction cost economics and relational exchange theory, and examines to what extent empirical research has found formal and relational contracts to deal with three different governance problems. To that end, I review the results from 32 studies in a range of settings. These studies generally support the view that exchanges characterized by high degrees of specific assets should be supported by formal and relational contracts.

A Note on “Public Policy”

1973 ◽  
Vol 6 (4) ◽  
pp. 661-664 ◽  
Author(s):  
Robert Vaison
Keyword(s):  
Social Sciences ◽  
Public Policy ◽  
Political Science ◽  
Public Administration ◽  
Government Policy ◽  
Policy Making ◽  
The Social ◽  
Political Studies ◽  
Policy Analysts ◽  
Government Body

Normally in political studies the term public policy is construed to encompass the societally binding directives issued by a society's legitimate government. We usually consider government, and only government, as being able to “authoritatively allocate values.” This common conception pervades the literature on government policy-making, so much so that it is hardly questioned by students and practitioners of political science. As this note attempts to demonstrate, some re-thinking seems to be in order. For purposes of analysis in the social sciences, this conceptualization of public policy tends to obscure important realities of modern corporate society and to restrict unnecessarily the study of policy-making. Public policy is held to be public simply and solely because it originates from a duly legitimated government, which in turn is held to have the authority (within specified limits) of formulating and implementing such policy. Public policy is public then, our usual thinking goes, because it is made by a body defined somewhat arbitrarily as “public”: a government or some branch of government. All other policy-making is seen as private; it is not public (and hence to lie essentially beyond the scope of the disciplines of poliitcal science and public administration) because it is duly arrived at by non-governmental bodies. Thus policy analysts lead us to believe that public policy is made only when a government body acts to consider some subject of concern, and that other organizations are not relevant to the study of public policy.

scholarly journals Social Sciences, Complexity and Sociology of the Present in Edgar Morin

2019 ◽  
pp. 41-52
Author(s):  
Alex Galeno ◽  
Fagner Torres de França
Keyword(s):  
Social Sciences ◽  
Empirical Research ◽  
Social Phenomena ◽  
Open Method ◽  
Complex Thinking ◽  
The Social ◽  
The Matrix ◽  
Narrative Ability ◽  
Epistemological Basis

The article intends to revisit the contribution of the french thinker Edgar Morin (1921-) to the construction of a plural and open method of research in Social Sciences. We will have as theoretical-epistemological basis the sociology of the present, an approach of social phenomena developed by the author during three decades, from the 1940s to the 1970s, constituting the matrix of complex thinking. The present work defends the idea that the central categories of the present sociology, such as phenomenon, crisis and event, as well as the so-called living method of empirical research are still fundamental today in the sense of proposing an opening of the social sciences to phenomena increasingly more complex and multidimensional. This presupposes the researcher's subjective and objective engagement, narrative ability, and sensitivity to grasp revealing detail.

Cultural Influences on Body Image and Eating Disorders

2017 ◽  
Author(s):  
Eileen Anderson-Fye
Keyword(s):  
Social Sciences ◽  
Eating Disorders ◽  
Body Image ◽  
Cultural Influences ◽  
Levels Of Analysis ◽  
Empirical Literature ◽  
Sociocultural Factors ◽  
The Social ◽  
Social Theories ◽  
The Rich

Sociocultural factors have long been implicated in body image and eating disorders. Decades of data, drawn from multiple disciplines, consistently demonstrate the influence of culture on body image and eating disorders across several levels of analysis. This chapter engages the rich empirical literature on this subject to retheorize the role and importance of these contextual factors in light of anthropological and related social theories relevant to contemporary circumstances. Specifically, this chapter first analyzes and operationalizes what we mean by “culture” in body image and eating disorder scholarship, describes trends in salient sociocultural factors, and highlights the varying impacts of globalization where societies are increasingly interconnected. It also urges research that builds on current understandings by increasing collaborations among not only multiple disciplines within the social sciences but also biological and clinical sciences.

Messung und Systematisierung in der Soziologie

1980 ◽  
Vol 2 (2) ◽  
Author(s):  
Norbert Froese
Keyword(s):  
Social Sciences ◽  
Empirical Research ◽  
Systematic Investigation ◽  
Central Problem ◽  
The Social

AbstractThis essay is a systematic investigation of the problems concerning the measurement of theoretical qualities in the social sciences. If someone wants to measure theoretical qualities like attitudes, intelligence or aggressivity the first and most difficult task is to formulate an operationalisation. To show such operationalisations being correct is the central problem of empirical research. In this essay it is shown that no adequate methods exist to demonstrate operationalisations as true ore false statements. As long as the problem of operationalisation is treated and analysed as a problem of isolated statements it seems to be absolutely unsolvable. The problem of the correctness of operationalisations must be interpreted as the problem of the correctness of the theories in which they are used. Whether an operationalisation is accepted or not depends only on the empiricai success of the theory in which it is contained. This implies that we can only measure theoretical qualities if we have successful theories working with these theoretical qualities.

scholarly journals Knowledge Heterogenization of the Franchising Literature Applying Transaction Cost Economics

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 106
Author(s):  
Fu-Sheng Tsai ◽  
Chin-Chiung Kuo ◽  
Julia L. Lin
Keyword(s):  
Transaction Cost ◽  
Transaction Cost Economics ◽  
Longitudinal Research ◽  
Theory Development ◽  
Cross Sectional ◽  
Business Studies ◽  
Critical Theories ◽  
The Social ◽  
Science Domain ◽  
Research Stream

Transaction Cost Economics is one of the most critical theories for business studies, including Franchise research. Knowing this stream of research well can help researchers to ground and sustain their studies on a more solid theoretical foundation. Through a Scientometric literature review via the Search-AppraisaL-Synthesis-Analysis (SALSA) procedures, this paper proposes, investigates and demonstrates the knowledge heterogenization (i.e., the knowledge structure becoming heterogeneous) of literature in the social science domain. Focused on the Transaction Cost Economics application in Franchising research that intersects Economics and Business areas, knowledge heterogenization is found and demonstrated in the following aspects of research stream development: research topics, targeted outlets, empirical (geographical) contexts, analytic approaches, as well as important scholars and publications. However, we did not find heterogenization in terms of the adoption of cross-sectional versus longitudinal research design and quantitative versus qualitative data sources. Implications for the continuous practices and theory development of this research stream are discussed. Mainly, we argue that knowledge heterogenization is an approach for a scientific community to achieve developmental sustainability.

scholarly journals “Where are you from?” Adolescent formulations of place identity

2020 ◽  
Vol 11 (1) ◽  
pp. 27-53
Author(s):  
Donna Starks ◽  
Kerry Taylor-Leech
Keyword(s):  
Social Sciences ◽  
Secondary School ◽  
Empirical Research ◽  
Secondary School Students ◽  
High Mobility ◽  
Place Identity ◽  
School Students ◽  
Critical Awareness ◽  
Starting Point ◽  
The Social

AbstractIn globalized times, high mobility has complicated the meanings of allegiance to place, creating a need for a critical awareness of place identity. Although place identity has made important contributions to the social sciences, there is little empirical research on how it can be operationalized, or critically interrogated. In response to this need, we analyzed ways that Australian secondary school students responded to the question, “If someone asks you ‘Where are you from?’ how do you answer this question and why?”, and created a basic typology of place formulations to serve as a starting point for interpreting notions of place identity in research, professional and educational settings.

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