Importance of transaction cost, resource-based view, and dependence in logistics-based exchanges
Although the antecedents of governance mechanisms have been studied in depth in manufacturer-distributor and procurement literatures, using transaction cost, resource-based view, and sociopolitical frameworks, do the guidelines provided by these frameworks hold true for logistics-based exchanges as well? Regression analysis is used to test a key relationship-driver from each of these frameworks, namely, asset specificity, logistics capability, and dependence and their relationships with two social governance mechanisms of commitment and information sharing. In order of importance, logistics capability is positively related to both the dependent variables; asset specificity is of secondary importance and positively related to information sharing only. The impact of dependence is non-significant.
Sachdev, H. J. (2011). Importance of transaction cost, resource-based view, and dependence in logistics-based exchanges. I-Manager’s Journal on Management, 6(3), 1–10.