Make, buy, or ally: A transaction cost theory meta-analysis

Make, buy, or ally: A transaction cost theory meta-analysis

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,...

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Bibliographic Details
Main Authors: GEYSKENS, Inge, STEENKAMP, Jan-Benedict E. M., KUMAR, Nirmalya
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
Subjects:
entry-mode choice
manufacturer-supplier relationships
industrial purchasing relationships
resource-based view
vertical integration
united-states
seller relationships
empirical-test
strategic alliances
performance implications
Marketing
Organizational Behavior and Theory
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5192
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6191/viewcontent/MakeAllyorBuy_2006_AMJ_pv.pdf
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Institution: Singapore Management University
Language: English
Description
Summary: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.

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