Performance Implications of Transaction Cost Economics

Description

In this video, Professor Brian Silverman at the Rotman School of Management will discuss recent empirical studies that investigate the effect of transaction alignment on firm performance. He will provides an overview of the empirical challenges facing researchers in this and other fields and will present three different methodological approaches for overcoming it.

References

Argyres, Nicholas S. and Lyda Bigelow (2007).  Does transaction misalignment matter for firm survival at all stages of the industry life cycle?  Management Science 53(8): 1332-1344.

Masten, Scott E., James W. Meehan and Edward A. Snyder (1991). The costs of organization. Journal of Law, Economics, & Organization 7(1): 1-25.

Nickerson, Jack A. and Brian S. Silverman (2003).  Why firms want to organize efficiently and what keeps them from doing so: Inappropriate governance, performance, and adaptation in a deregulated industry. Administrative Science Quarterly 48(3): 433-465.

Novak, Sharon and Scott Stern (2008).  How does outsourcing affect performance dynamics? Evidence from the automobile industry. Management Science 54(12): 1963-1979.