Firm boundaries and transaction costs: The complementary role of capabilities

The varying roles of governance mechanisms on ex-post transaction costs and relationship commitment in buyer-supplier relationships

“…Notably, ex-post transaction costs contain the negotiation time and efforts required to define effective arrangements and to determine divisions of costs and benefits (Gulbrandsen et al, 2017).…”

“…The willingness to trust or confidence in a partner, with regard to the other partner's reliability, benevolence, and integrity, significantly influence ex-post transaction costs and relationship commitment. The propensity of trust between relationship partners may determine their reliance on trust to minimize transaction costs (Brouthers & Brouthers, 2003;Gulbrandsen et al, 2017). Ex-post transaction costs are minimized more effectively if a high level of inter-organizational trust is emplaced, as negotiations can be quickly and easily successful because of relationship partners' readiness (Zaheer et al, 1998).…”

“…Minimizing transaction costs and maximizing relationship commitment have become the central research phenomena in inter-firm relationship management. Transaction cost is defined by Williamson (1985) as all of the ex-ante and ex-post contracting, monitoring and enforcement costs connected with conducting exchange activities between firms (Gulbrandsen et al, 2017).…”

“…trust and transaction-specific investments, their roles remained in isolation in explaining governance cost (Dyer & Chu, 2003;Corsten & Felde 2005;Bharadwaj & Matsuno 2006) and commitment (Shi et al, 2011;Chang et al, 2012). Moreover, several recent studies on inter-firm have called for a systematic research on distinct roles of relationship governance mechanisms in relation to transaction costs and relationship commitment in different types of buyer-supplier relationships (e.g., Burkert et al, 2012;Gulbrandsen et al 2017;Liu et al, 2017a). Therefore, researchers have different opinions as well as they found conflicting empirical results on whether these mechanisms function as complementary (Van der Valk et al, 2016;Liu et al, 2009) or substitutive forces (Wuyts & Geyskens, 2005;Li et al, 2010).…”

Custos de produção na empresa e no mercado: uma visão

“…Por seu turno, a ocorrência de diferenças no ganho de eficiência entre os agentes de um sistema econômico tende a promover o contínuo processo de transferência de atividades produtivas das empresas menos para as mais eficientes na execução de determinada tarefa (ELLRAM et al, 2008). Com efeito, Gulbrandsen et al, (2017) consideram que para se entender o processo de transferência de atividades entre empresas é necessário uma visão que concilie tanto os custos de transação, quanto a capacidade da empresa em desenvolver e empregar seus recursos.…”