Research Problem: Despite growing recognition that digital transformation strategies affect economic coordination, no study has empirically tested whether different national digital development models create systematically different transaction cost environments, particularly in emerging...

Transaction cost economics (TCE) and the theory of governance structures developed by Oliver Williamson have demonstrated significant explanatory power across institutional economics, law and economics, public policy, and strategic management. This review evaluates the predictive potential of...

We challenge the widely accepted premise that the valuation of an early-stage firm is simply the capital invested (USD) divided by the equity received (%). Instead, we argue that this calculation determines the break-even point for the investor; for example, investing USD 1.0 in exchange for a...

We develop an organizational governance model with a single buyer and endogenous upstream entry. Investments and control rights over assets and actions are immediately contractable; production is contractable after uncertainty resolves. We show the following: Supplier competition eliminates...

This paper presents the results of research conducted to identify the factors that influence the decisions of company management to outsource accounting services. A transaction cost economics (TCE) model was used to analyse factors that influence high levels of outsourcing of accounting tasks in...

Using firm-level data on 7,000 suppliers transacting with 26 major South Korean retailers, this study analyzes how contract types, referring to direct purchase, special contract, consignment, and store lease types, are determined and how they affect supplier performance. Contract choice varies...

This paper compares the statistical and economic performance of state-of-the-art highfrequency based multivariate volatility models with a simpler, widely used alternative-the Exponentially Weighted Moving Average (EWMA) filter. Using over two decades of 100 U.S. stock returns (2002-2023), we...

This paper empirically examines the causal effects of population concentration on household consumption in China and explores the underlying mechanisms. After addressing endogeneity concerns from various sources, our results show that a 1% increase in urban population density leads to a 0.43...

This study responds to the call by some scholars to establish a framework for ignorance. It challenges the myth that ignorance is all bad and an utterly undesirable state in organizations and proposes a new framework for the application of ignorance analytics in organizations. It includes a...

Can theologians, philosophers and economists have a fruitful conversation about human flourishing? In practice, that does not appear to be so easy. Nevertheless, I believe it is worthwhile to bring knowledge from different disciplines into conversation. In doing so, I choose an approach that...

The failure of newly independent Central Asian countries to diversify exports after the Soviet Union's collapse is attributed to high trade costs, either because these countries are landlocked or due to border delays and regulatory obstacles. This paper estimates the impact of the high costs of...

This paper aims to identify and explain the main transaction costs (TCs) in the second-generation bioplastics value chain and to propose the insertion of blockchain technology to reduce TCs.It is a holistic single case study of a firm that produces a bioplastic resin made from açaí seeds...

We propose and construct novel measures of the effectiveness and potential of trade blocs, combining estimation with granular data and simulation with a New Quantitative Trade Model. We deploy our methods and new indexes to quantify the potential benefits from (i) further integration within the...