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 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 Misleading statistical studies

2007 ◽  
Vol 3 (4) ◽  
Author(s):  
Amanda Wolf
Keyword(s):  
Policy Making ◽  
Longitudinal Research ◽  
Child Rearing ◽  
Policy Debate ◽  
Safety Education ◽  
Statistical Research ◽  
Social Phenomena ◽  
Cross Sectional ◽  
The Social ◽  
Statistical Studies

Large statistical studies in the social sciences, including one-off or repeated cross-sectional surveys, time-series surveys and cohort longitudinal research, offer important numeric evidence for policy making. Although single studies rarely occasion dramatic policy shifts, statistical research findings can affect policy debate, even if not always directly or openly. At best, these studies reveal shapes and patterns in the social fabric relevant to health, safety, education and other social goals. Numerical measures of many social phenomena, such as unreported crime, illicit drug use, child-rearing practices or family composition, enter into a policy-making milieu crowded with competing numbers and qualitative information, as well as non-evidential values and power-based influences.

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.

From transaction costs to transaction value: Overcoming the frictional paradigm

2020 ◽  
pp. 51-81
Author(s):  
D. P. Frolov
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Path Dependence ◽  
Transaction Cost Economics ◽  
Cost Minimization ◽  
Low Cost ◽  
Coase Theorem ◽  
Transactional Analysis ◽  
Transaction Sector ◽  
Transaction Value

The transaction cost economics has accumulated a mass of dogmatic concepts and assertions that have acquired high stability under the influence of path dependence. These include the dogma about transaction costs as frictions, the dogma about the unproductiveness of transactions as a generator of losses, “Stigler—Coase” theorem and the logic of transaction cost minimization, and also the dogma about the priority of institutions providing low-cost transactions. The listed dogmas underlie the prevailing tradition of transactional analysis the frictional paradigm — which, in turn, is the foundation of neo-institutional theory. Therefore, the community of new institutionalists implicitly blocks attempts of a serious revision of this dogmatics. The purpose of the article is to substantiate a post-institutional (alternative to the dominant neo-institutional discourse) value-oriented perspective for the development of transactional studies based on rethinking and combining forgotten theoretical alternatives. Those are Commons’s theory of transactions, Wallis—North’s theory of transaction sector, theory of transaction benefits (T. Sandler, N. Komesar, T. Eggertsson) and Zajac—Olsen’s theory of transaction value. The article provides arguments and examples in favor of broader explanatory possibilities of value-oriented transactional analysis.

Socio-Demographic Factors and Health-Related Behaviors Associated with Gerontology

GIS Business ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. 359-370
Author(s):  
Dr. Ravi S. Dalawai
Keyword(s):  
Cross Sectional Study ◽  
Work Culture ◽  
Chi Square ◽  
Cross Sectional ◽  
The Social ◽  
Health Related ◽  
Chi Square Test ◽  
Current Scenario ◽  
Socio Demographic Factors ◽  
Insight Into

Indian population is in growing trend from 942.2 million in 1994 to 1.36 billion in 2019.Among this six per cent of India's population was of the age 65 and above (UNFPA, 2019). Today the work culture is totally changed. Both husband and wife are forced to work in the current scenario and unable to take care of their parents. The changing structure created increased problems for old age people leads to loneliness, psychological, physical health and financial insecurity. The study paper provides insight into the social and demographic factor and health related sickness of the oldest people. This research explained the cross-sectional study included a representative sample (n=116) of adults aged ≥60 years. The sample was chosen using a four-stage stratified random-cluster survey sampling method .The Chi Square test and ANOVA test was analyzed using SPSS20.

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