Transaction Cost Economics (TCE) and the Family Firm
扩展了交易成本经济学在家族企业中的应用,聚焦有限理性和有限可靠性行为假设,提出家族型人力资产专用性新概念,揭示家族企业与非家族企业应对这些挑战的差异。
Gedajlovic and Carney's application of transaction cost economics (TCE) thinking to the family business builds on TCE's concept of asset specificity. Our analysis augments this application. We focus on TCE's behavioral assumptions, which act as drivers of failed human commitments. We show that both the exposure and response to bounded rationality and bounded reliability challenges may be different in family firms versus Chandlerian hierarchies, and introduce the new concept of family–based human asset specificity.