Publication Type
Journal Article
Version
publishedVersion
Publication Date
6-2006
Abstract
Since the publication of Williamson's Markets and Hierarchies, many empirical articles have investigated the tenets of transaction cost theory. Using meta-analytic techniques, we quantitatively synthesized and evaluated transaction cost-based empirical research on organizational boundary (make, buy, or ally) decisions. We found strong support for the theory for both make versus buy and ally versus buy decisions. However, we did not find evidence that asset specificity had stronger predictive power than uncertainty. Hierarchical and relational governance appropriately aligned with transaction dimensions both led to enhanced performance. On the basis of our meta-analysis, we provide directions for future research.
Keywords
entry-mode choice, manufacturer-supplier relationships, industrial purchasing relationships, resource-based view, vertical integration, united-states, seller relationships, empirical-test, strategic alliances, performance implications
Discipline
Marketing | Organizational Behavior and Theory
Research Areas
Marketing
Publication
Academy of Management Journal
Volume
49
Issue
3
First Page
519
Last Page
543
ISSN
0001-4273
Identifier
10.5465/AMJ.2006.21794670
Publisher
Academy of Management
Citation
GEYSKENS, Inge; STEENKAMP, Jan-Benedict E. M.; and KUMAR, Nirmalya.
Make, buy, or ally: A transaction cost theory meta-analysis. (2006). Academy of Management Journal. 49, (3), 519-543.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/5192
Copyright Owner and License
Publisher
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.5465/AMJ.2006.21794670