Schumpeterian Dynamics Versus Williamsonian Considerations: A Test of Export Intermediary Performance
研究检验了奥地利学派与交易成本理论对出口中介绩效的竞争性假设,发现两者互补,并提出了权变框架。
Using a sample of export intermediaries connecting domestic producers and foreign buyers, the study tests competing hypotheses on firm performance derived from the Austrian and transaction cost perspectives. Specifically, the Austrian perspective suggests that the more distant the export market and the more complex the product that the intermediary specializes in, the better its performance. Transaction cost theory, on the other hand, offers conflicting predictions. Our results indicate that these two theories are complementary to each other, and a contingency framework is proposed and discussed.