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Transaction Cost Economics As A Theory of Supply Chain Efficiency - University of Illinois Urbana-Champaign

This document summarizes a research article that examines how transaction cost economics (TCE) can be applied as a theory of supply chain efficiency. TCE is one of the most widely used organization theories in operations and supply chain management research. The article reviews the foundations of TCE and how it relates to make-or-buy decisions and governance of exchange relationships. The authors argue that TCE provides insights into efficient governance of transactions and relationships within supply chains.

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157 views4 pages

Transaction Cost Economics As A Theory of Supply Chain Efficiency - University of Illinois Urbana-Champaign

This document summarizes a research article that examines how transaction cost economics (TCE) can be applied as a theory of supply chain efficiency. TCE is one of the most widely used organization theories in operations and supply chain management research. The article reviews the foundations of TCE and how it relates to make-or-buy decisions and governance of exchange relationships. The authors argue that TCE provides insights into efficient governance of transactions and relationships within supply chains.

Uploaded by

pyikyawlynn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Datasets Honors F

Transaction Cost
Economics As a Theory of
Supply Chain Efficiency
Mikko Ketokivi, Joseph T. Mahoney

Gies College of Business, Business Administration

Research output: Contribution to journal › Article › peer-review

p Overview I Fingerprint

Abstract Online
Transaction cost economics (TCE) is one of the most widely referenced availability
organization theories in operations and supply chain management research. = 10.1111/poms.13148
Even though TCE is a broadly applicable theory of governance, one of its
specific topics of interest—the make-or-buy decision—readily aligns with
some of the central research questions on how firms manage supply chains.
Library
However, both general management and operations management researchers availability
sometimes misunderstand and misapply TCE's aims, assumptions, and logic.
A common mistake is to read TCE as a theory of competence or of power.
While TCE relates to both, TCE is essentially a theory of efficient governance of Discover UIUC Full
transactions in particular and exchange relationships in general. Our purpose Text
in this study is to review the intellectual and theoretical foundations of TCE, its
primary aims, and its applicability as a theory of supply chain efficiency. To this Related links
end, we discover much common ground between TCE and research in
= Link to publication
operations and supply chain management. We close by discussing
in Scopus
implications for future research, focusing on how operations and supply chain
management researchers could contribute to broader academic conversations = Link to the citations
on management and governance. in Scopus

Original language English (US)


Pages (from-to) 1011-1031
Number of pages 21
Journal Production and Operations Management
Volume 29
Issue number 4
State Published - Apr 1 2020

Keywords
governance make-or-buy decision supply chain efficiency

transaction cost economics vertical integration

ASJC Scopus subject areas


Management Science and Operations Research

Industrial and Manufacturing Engineering

Management of Technology and Innovation

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Economics Supply Chain Costs Supply Chain
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Ketokivi, M., & Mahoney, J. T. (2020). Transaction Cost Economics As a Theory of Supply Chain Efficiency.
Production and Operations Management, 29(4), 1011-1031. https://doi.org/10.1111/poms.13148

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