1. A TRANZAKCIÓS KÖLTSÉGEK ELMÉLETE ÉS A TÁRSADALMI CSEREELMÉLET HATÁSAI A BIZALOMRA AZ ELLÁTÁSI LÁNCBAN.
- Author
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Noémi, PIRICZ, Seock-Jin HONG, and Tibor, MANDJÁK
- Subjects
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TRANSACTION costs , *SOCIAL exchange , *BUSINESS partnerships , *TRUST , *ORGANIZATIONAL commitment , *SUPPLY chains - Abstract
This article is based on the assumption that trust promotes commitment between partners in the supply chain and improves the chances of return on supply chain success. In contrast, a lack of trust between them often increases transaction costs and results in inefficiency. The results of this research, based on multi-country surveys with 729 returns from France, Hungary, Korea, Tunisia and the United States on supply chain professionals, reveals a strong affect of transaction cost constructs (TCC) (asset specificity and behavioral uncertainty) and social exchange constructs (SEC) (replaceability, perceived satisfaction, partner reputation, and perceived conflict) on trust-commitment variables in partnership based supply chain relationships. This paper employed a structural equation model to extract information from the survey data. Among the findings, the research indicates that a firm's trustcommitment in dealing with their supply chain partnership is highly associated with not only transaction cost, but more so with social exchange variables. This study may open a new research avenue in that there is another construct, SEC, beside TSC that influences the degree of trust and commitment. [ABSTRACT FROM AUTHOR]
- Published
- 2013
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