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dc.contributor.authorCarter, R.
dc.contributor.authorHodgson, G.M.
dc.date.accessioned2008-10-30T13:31:59Z
dc.date.available2008-10-30T13:31:59Z
dc.date.issued2006
dc.identifier.citationCarter , R & Hodgson , G M 2006 , ' The impact of empirical tests of transaction cost economics on the debate on the nature of the firm ' , Strategic Management Journal , vol. 27 , no. 5 , pp. 461-476 . https://doi.org/10.1002/smj.531
dc.identifier.issn0143-2095
dc.identifier.otherPURE: 79624
dc.identifier.otherPURE UUID: 0549ddba-a2aa-496e-9d5e-924ec79a4c1e
dc.identifier.otherdspace: 2299/2529
dc.identifier.otherScopus: 33646263117
dc.identifier.urihttp://hdl.handle.net/2299/2529
dc.description‘The definitive version is available at www3.interscience.wiley.com '. Copyright John Wiley & Sons [Full text of this article is not available in the UHRA]
dc.description.abstractTransaction cost economics (TCE), as developed and operationalized by Oliver Williamson, is one of the most prominent and influential developments in the social sciences. In recent years, on the basis of many empirical studies, it has been claimed that the evidence has corroborated TCE. If so, this would have major implications for the debate between TCE and other approaches to understanding the nature of the firm. In this paper we submit the most prominent TCE empirical work to critical scrutiny, on the basis of the standards and predictions in Williamson 's own writings. We find a much more mixed picture, with few studies giving unambiguous support to Williamson's TCE. Furthermore, a significant number of the studies can be reinterpreted in terms of a competence or capabilities approach. We conclude that the empirical evidence does not decisively support Williamson's TCE and we stress the importance of an empirical program of joint testing of rival theoretical approaches. Copyright © 2006 John Wiley & Sons, Ltd.en
dc.format.extent16
dc.language.isoeng
dc.relation.ispartofStrategic Management Journal
dc.titleThe impact of empirical tests of transaction cost economics on the debate on the nature of the firmen
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.description.statusPeer reviewed
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=33646263117&partnerID=8YFLogxK
rioxxterms.versionofrecordhttps://doi.org/10.1002/smj.531
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue


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