Pub Date : 2015-06-26DOI: 10.4337/9781783475483.00010
K. Meyer, Yi Wang
Transaction cost economics (TCE) has been extensively applied by international business scholars to analyze joint ventures and strategic alliances. It provides a theoretical basis to analyze how firms organize their transactions with other firms, and hence their choices of governance structures, for example, between JVs and other organizational forms. However, TCE has also been frequently critiqued and empirical findings on some of the constructs derived from TCE find inconsistent results. This chapter critically evaluates the TCE literature on cross-border business activity to evaluate to what extent this empirical literature actually supports or refutes TCE-based arguments, and to provide directions for future research. We identify four major challenges: (1) the level of analysis used to proxy transaction costs, (2) contextual drivers of transaction costs, especially in emerging economies, (3) the theoretical ambiguity of TCE arguments with respect to distance and experience, and (4) the assumption that JVs are a flexible (low-risk) mode of operation. This discussion leads to suggestions on how to design empirical research more consistent with the theory.
{"title":"Transaction cost perspectives on alliances and joint ventures: explanatory power and empirical limitations","authors":"K. Meyer, Yi Wang","doi":"10.4337/9781783475483.00010","DOIUrl":"https://doi.org/10.4337/9781783475483.00010","url":null,"abstract":"Transaction cost economics (TCE) has been extensively applied by international business scholars to analyze joint ventures and strategic alliances. It provides a theoretical basis to analyze how firms organize their transactions with other firms, and hence their choices of governance structures, for example, between JVs and other organizational forms. However, TCE has also been frequently critiqued and empirical findings on some of the constructs derived from TCE find inconsistent results. This chapter critically evaluates the TCE literature on cross-border business activity to evaluate to what extent this empirical literature actually supports or refutes TCE-based arguments, and to provide directions for future research. We identify four major challenges: (1) the level of analysis used to proxy transaction costs, (2) contextual drivers of transaction costs, especially in emerging economies, (3) the theoretical ambiguity of TCE arguments with respect to distance and experience, and (4) the assumption that JVs are a flexible (low-risk) mode of operation. This discussion leads to suggestions on how to design empirical research more consistent with the theory.","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127330880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4337/9781788978927.00007
K. Meyer, Mike W. Peng
{"title":"Probing theoretically into Central and Eastern Europe: transactions, resources, and insitutions","authors":"K. Meyer, Mike W. Peng","doi":"10.4337/9781788978927.00007","DOIUrl":"https://doi.org/10.4337/9781788978927.00007","url":null,"abstract":"","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125439062","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4337/9781788978927.00020
{"title":"CONTEXTUAL INFLUENCES ON MNEs FROM EMERGING ECONOMIES","authors":"","doi":"10.4337/9781788978927.00020","DOIUrl":"https://doi.org/10.4337/9781788978927.00020","url":null,"abstract":"","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134257608","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4337/9781788978927.00015
K. Meyer, S. Estrin, S. Bhaumik, Mike W. Peng
{"title":"Institutions, Resources, and Entry Strategies in Emerging Economies","authors":"K. Meyer, S. Estrin, S. Bhaumik, Mike W. Peng","doi":"10.4337/9781788978927.00015","DOIUrl":"https://doi.org/10.4337/9781788978927.00015","url":null,"abstract":"","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122366531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4337/9781788978927.00017
S. Estrin, K. Meyer
{"title":"Brownfield Acquisitions: A Reconceptualization and Extension","authors":"S. Estrin, K. Meyer","doi":"10.4337/9781788978927.00017","DOIUrl":"https://doi.org/10.4337/9781788978927.00017","url":null,"abstract":"","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133249961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4337/9781788978927.00021
S. Estrin, K. Meyer, B. Nielsen, S. Nielsen
{"title":"Home country institutions and the internationalization of state owned enterprise: A cross-country analysis","authors":"S. Estrin, K. Meyer, B. Nielsen, S. Nielsen","doi":"10.4337/9781788978927.00021","DOIUrl":"https://doi.org/10.4337/9781788978927.00021","url":null,"abstract":"","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128857807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1016/J.JWB.2013.04.005
K. Meyer, H. Thein
{"title":"Business under adverse home country institutions: The case of international sanctions against Myanmar","authors":"K. Meyer, H. Thein","doi":"10.1016/J.JWB.2013.04.005","DOIUrl":"https://doi.org/10.1016/J.JWB.2013.04.005","url":null,"abstract":"","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126516676","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4337/9781788978927.00028
Lin Cui, K. Meyer, H. Hu
{"title":"What drives firms' intent to seek strategic assets by foreign direct investment? A study of emerging economic firms","authors":"Lin Cui, K. Meyer, H. Hu","doi":"10.4337/9781788978927.00028","DOIUrl":"https://doi.org/10.4337/9781788978927.00028","url":null,"abstract":"","PeriodicalId":133140,"journal":{"name":"Multinational Enterprises and Emerging Economies","volume":"05 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130655789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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