Abstract
Abstract. This study collected 89 papers related to transaction cost theory published between 1992 and 2013 from 19 journals in the Taiwan Social Sciences Citation Index database, and used bibliometrics and network analysis to examine the theory’s applications and development. The results show that the theory has mostly been applied in studies on technology management, transaction information, stocks/foreign exchange/investment, business transfers, strategies, opportunistic behaviors, performance, theoretical integration, human resources, relations, knowledge management, and consumer behaviors. Of these topics, strategies had the most samples; followed by stocks/foreign exchange/investment, which accounted for 19.10% of the total; followed by relations, with 17.98%; and technology management, with 11.24%. The greatest numbers of publications were observed in 1997 and 2007. Connections between the authors appeared to be weak and cross-referencing was rare. Apparently, more time is required for the formation of a research community with strong coherence and knowledge integration capabilities.
Keywords. Bibliometrics, Network analysis, Transaction cost theory.
JEL. M10, L33, L52.
References
Akerlof, G.A. (1970). The market for "lemons": Quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84(3), 488-500. doi. 10.2307/1879431
Chang, C.W., & Huang, H.C. (2007). Determinants of Incremental Innovation: A Process View Incorporating Theories of Transaction Cost, Social Exchange and Embeddedness. NTU Management Review, 18(1), 81-116.
Chang, J.H., & Huang, S.C. (2001). A study of from organizational theories study the relationship between the "Sandwich Courses" and the enterprise--airline management department of Kaohsiung Hospitality College for Example. Journal of Industrial and Production Engineering, 1(3), 27-42. doi. 10.1080/21681015.2016.1191553
Chang, M.L., Sun, J.Y., & Wang, K.L. (2002). A further study of the theoretical foundation of strategic alliance: The cases of electronic firms in Taiwan. Management Review, 21(2), 1-26.
Chang, S.C., & Wang, C.Y. (2000). The international transmission of information between SIMEX and TAIFEX. Asia Pacific Management Review, 5(4), 423-433.
Chang, Y.C. (2007). Liquidity and trading costs in the NTD/USD interbank foreign exchange market: Taipei versus Cosmos Inc. Sun Yat-Sen Management Review, 15(2), 299-321.
Chen, C.D., Huang, L.T. & Wang, C.C., & Farn, C.K. (2008). The changing role of trader in supply chain management: The case of unified trading service in TEST RITE Group. Journal of Information Management, 15(2), 63-88.
Chen, C.H., & Lee, J.R. (1997). The rationales and strategic operation of ODM: An emerging pattern of strategic alliance under horizontally configured industries. Sun Yat-Sen Management Review, 5(3), 553-572.
Chen, H.S., Wu, J.H., & Wang, H.W. (2008). An empirical study on the dynamic external effect by the technology industry agglomeration innovation. Management Review, 25(2), 133-149.
Chen, J.S., Su, W.R., & Tu, Y.J. (2002). The impacts of e-business activities on supply chain partnership and performance. Journal of Information Management, 9(1), 39-61.
Chen, P.J., Chen, Y.C., Chen, A.P., & Han, F. W. (2007). Development of a decision support system for portfolio selection based on expert knowledge: A constraint programming approach. Journal of Information Management, 14(4), 63-78.
Chen, S.C., Lee, W.R., Hu, H.H. & Huang, C.J., & Chen, L.J. (2008). The impact of technology, firm and CEO characteristics on mainland China market entry mode choice. Sun Yat-Sen Management Review, 16(3), 575-612.
Chen, S.C., Lee, W.R., Hung, K.P., Chen, L.J., & Tsai, R.C. (2006). A study on the impact of internet utilization and communication on technology transfer and alliance performance. Chiao Da Management Review, 26(2), 215-242.
Chiang, M.H., & Cheng, Y.L. (2004). Investigating the underlying factors affecting intradaily price change behavior on the Taiwan stock exchange. Sun Yat-Sen Management Review, 12(1), 173-193.
Chiao, C.S., Wang, Z.M., & Su, C.F. (2010). The impact of reducing the minimum tick size on price clustering and market liquidity in the Taiwan stock market. Journal of Management & Systems, 17(1), 75-106.
Chiao, C.S., Wang, Z.M., Yu, C.H., & Hsueh, L.S. (2010). The effect of reducing minimum tick sizes on order submission behaviors, liquidity supply, and market execution quality. NTU Management Review, 20(2), 273-305.
Chou, H.C., & Tu, Y.C. (2005). Arbitrage efficiency tests of the TAIEX index option market. Journal of Management & Systems, 12(3),1-26.
Chuang, C.M., & Fang, S.J. (2001). Choice of mode, the determinants, and the learning performance of international technology acquisition: A synthesis of transaction cost economics and knowledge-based view. Management Review, 20(1), 35-64.
Chuang, C.M., Chu, W.Y., & Huang, Y.T. (2001). Institutional environment, task environment, governance structure and coordination mechanisms: Taiwanese firms in Vietnam. Management Review, 20(3), 123-151.
Chuang, S.C., & Lai, C.S. (2004). A theoretical exploration of the adoption of ERP: A experimental study. Journal of e-Business, 6(2), 193-219.
Chuang, S.C., Lai, C.S., Sun, Y.C., Kung, C.Y., Yeh, Y.J., & Hsu, P.Y. (2005). A theoretical exploration of the adoption of ERP: Toward an integration institutional theory, resource dependence theory, resource-based view and transaction cost theory. Journal of Information Management, 12(1), 149-170.
Chueh, H., & Chen, C.C. (2005). Do bid-ask spreads affect investors' holding period and stock returns? Sun Yat-Sen Management Review, 13(4), 791-810.
Fang, S.J., & Fang, S.R. (2002). A study on pharmaceutic distribution channel from transaction cost and agent theory perspectives-using for moderators of behavior norms and control mechanisms. Management Review, 21(3), 1-24.
Fang, S.J., & Tzeng. S.H. (1999). The study of the firm's participation in the R&D consortia: The types of motivation and its performances. Asia Pacific Management Review, 4(1), 63-77.
Fang, S.J. (1998). The study on the determinants of technology acquisition modes -The empirical analysis of electronic and food industries. Sun Yat-Sen Management Review, 6(1), 139-168.
Fang, S.J. (1999a). Technology acquisition modes and performance -An empirical study of electronic industry. Journal of Management, 16(1), 151-174.
Fang, S.J. (1999b). The consortia formed between industry and research institution: The features, interaction mechanisms and performance. Journal of Management, 16(4), 633-659.
Fang, S.J. (1999c). The technology cooperation between industry and government-sponsored consortia: The motives interaction mechanism and performance. Sun Yat-Sen Management Review, 7(2), 325-355.
Fang, S.J., Tsai, F.S., & Chiu, C.F. (2004). Knowledge sharing in NPD teams: A synthesis of transaction cost economics and social exchange theory. Journal of Technology Management, 9(4). 67-100.
Geyskens, I., Steenkamp, J.B.E.M., & Kumar, N. (2006). Make, buy, or ally: A transaction cost theory meta-analysis, Academy of Management Journal, 49(3), 519–543. doi. 10.5465/AMJ.2006.21794670
Ho, C.F., & Lin, S.C. (1999). Determinants of electronic integration in franchise systems. NTU Management Review, 10(1), 91-138.
Ho, E., & Liu, Y.J. (1997). The determinants of overnight returns: An empirical test of the Taiwan stock market. Journal of Management, 14(1), 39-64.
Ho, Y.C., & Wu, W.K. (2007). The structure of marketing channel relationships -An integration of western and Chinese perspectives. Chiao Da Management Review, 27(1), 87-113.
Hsiung, H.H., Seetoo, D.H.W., & Yu, C.M. (2006). Relational risks and control mechanisms in cooperation: A study of the information technology firms. Management Review, 25(2), 83-108.
Hsueh, S.C., & Chen, H.B. (2006). A convenient and secure buyer-driven transaction protocol over the mobile internet. Journal of Information Management, 13(4), 103-132.
Huang, H.C. (2007). Optimal control of defined-contribution (DC) pension plan. NTU Management Review, 17(2), 91-106.
Huang, I.C., Tsai, P.C.F., Huang, Y.H., & Chen, C.H. (2003). Appeals of recruiting advertisement contents in e-recruiting: Job seekers' perspective. Journal of Human Resource Management, 3(1), 43-61. doi. 10.6147/JHRM.2003.0301.03
Huang, J.B., & Yang, C. (1999). Application software development; Information systems outsourcing; Transaction cost economics; Strategic sourcing process. Journal of Information Management, 5(2), 77-90.
Huang, L.T., Yang, H.S., Chen, M.J., & Farn, V.K. (2010). Achieving challenging missions by overcoming onstraints confronting subsidiary companies: Fox-electronic's earrangement of cost structure and capacity acquisition. Management Review, 29(2), 105-119.
Huang, S.M., & Fang, S.R. (2003). Long-term oriented partnership among marketing channel members and inter-organizational performance. Management Review, 22(2), 55-85.
Huang, S.M., Chang, S.I., & Su, K.H. (2006). Critical success factors for implementing BS7799 information security management system-based on petrochemical industry. Journal of Information Management, 13(2), 171-192.
Huang, Y.C., & Shyu, D. (1999). Stock index futures pricing -The case of SIMEX morgan Taiwan stock index. Asia Pacific Management Review, 4(3), 255-269.
Huang, Y.S. (1995). The trading performance of moving average rules. Management Review, 14(1), 47-67.
Huang, Y.T. (2002). A synthesis of transaction cost and organizational competence perspectives of the firm. Sun Yat-Sen Management Review, 10(2), 261-289.
Hung, K.P., & Chang, J.J. (2007). The study on the determinants of the supplier's adoption of e-procurement from transaction cost and social exchange perspectives. Journal of e-Business, 9(1), 71-96.
Hung, K.P., Hwang, S.N., & Shih, S. (2004). The study on electronic integration and its antecedents: Cases of Taiwanese semiconductor and information firms. Journal of e-Business, 6(1), 75-99.
Hung, K.P., Shih, H.S., & Liao, P.J. (2001). An empirical study on the governance mode of internal corporate venture: A transaction cost perspective. Sun Yat-Sen Management Review, 9(2), 271-296.
Hung, S.C., Tan, D.C., & Liao, H.C. (2007). Firm growth, strategic choice and strategic change. Sun Yat-Sen Management Review, 15(1), 11-35.
Jaw, C., & Huang, H.C. (2001). The impact of transaction cost and hybrid governance on dual-channel pricing: The discussion for cannibalization, private label, and coordination. Journal of Management, 18(3), 453-476.
Jaw, C., & Lin, C.S. (2002). A study on the antecedents of advertising management decision: Integrating agency theory and transaction costs perspective. Journal of Management, 19(5), 927-948.
Jaw, C. (1999). The influence of transaction cost on the extension modes. Journal of Management, 43-68.
Jaw, C. (2001). The effects of resource dependence and transaction cost on overseas control mechanisms: An empirical study for Taiwanese companies and their subsidiaries in mainland China. Sun Yat-Sen Management Review, 9(1), 87-109.
Jou, D.G., & Wu, C.Y. (2005). The effects of minimal return rate guarantee on asset allocation of national pension fund: The application of linear stochastic programming. NTU Management Review, 16(1), 67-92.
Kang, M.P., & Seetoo. D.H. (2007). Is relation-specific investment a liability? Case studies of Taiwanese OEM suppliers. NTU Management Review, 18(1), 21-53.
Ko, P.C., Lin, P.C., & Tien, Y.J. (2010). Evolutionary stock valuation model based on nonlinear capital allocation. Journal of Management & Systems, 17(4), 637-658.
Kung Tsai, H.M-K., Chang, A.W-J., & Tai, S.C. (2013). A theoretical reconciliation for knowledge governance research: An activity-based perspective. NTU Management Review, 23(1), 111-134. doi. 10.6226/NTURM2013.MAR.OG027
Kuo, W.Y., Chen, H.L., & Chen, W.K. (2013). Testing options market efficiency with applications to implied volatility pair trading test. Journal of Management & Systems, 20(3), 425-458.
Lee, C.C., Yang, C.H., You, S.M., & Chiu, Y.J. (2011). The influence of the service quality of real estate agent personnel, consumers' costs of house search and customers' satisfactions on consumers' loyalty. Journal of Management & Systems, 18(1), 113-142.
Lee, W.R. (2000a). Critical influencing factors of ownership mode of Taiwanese firms' foreign (South-East Asian) affiliates. Management Review, 19(3), 25-49.
Lee, W.R. (2000b). Entry mode determinants of Taiwanese firms' investing in South-East Asian Nations. Asia Pacific Management Review, 5(2), 221-236.
Lee, W.R. (2000c). Impact of Taiwanese firms' characteristics on the ownership structure of their foreign affiliates. Journal of Management, 17(2), 321-342.
Lee, W.R. (2002). Technology acquisition mode determinants of SMEs in Taiwan: A synthetic view of transaction cost economics, resource-based view of the firm, and behavioral decision theory. Journal of Management, 19(5), 873-900.
Lee, W.R., Chao, W.C., & Chen, S.M. (2001). Critical influencing factors of entry mode of Taiwanese SMEs in Mainland China. Sun Yat-Sen Management Review, 9(1), 61-86.
Li, C.Y., Ku, Y.C., & Lu, S.T. (2013). Understanding continuance intention of group buying: A perspective of transaction cost theory. Journal of e-Business, 15(4), 58-84.
Liang, W.Y., Li, W.Z., & Chen, H.C. (2008). The study on intelligent agent systems based on web services: An example on the order fulfillment process. Journal of Management & Systems, 15(1), 137-160.
Liao, M.K.J., Yu, C.M., & Seetoo, D.H.W. (2006). The determinants of decision-making autonomy of Taiwanese firm's subsidiaries in China. Sun Yat-Sen Management Review, 14(2), 397-427.
Lin, C.C., & Wang, C.C. (1995). Knowledge sharing within an organization from perspectives of social exchange and transaction Cost. Journal of Human Resource Management, 5(2), 95-119.
Lin, H.M. (2007). The governance of interfirm strategic alliances: The perspectives of transaction cost and network embeddedness. Management Review, 26(3). 25-46.
Lin, J.K., & Liu, M.H. (2006). Governance decision of critical parts in Taiwan's TFT-LCD industry. Journal of Technology Management, 11(1), 95-136.
Lin, J.R., & Hsu, C.S. (2010). Persistence of Taiwan mutual fund peformance: The comparison of multiple performanc measures. Journal of Management & Systems, 17(1), 27-47.
Lin, M.Q. (1998). The research of the influential factors of international transfer pricing methods-empirical analysis of Taiwan enterprises. Asia Pacific Management Review, 3(1), 19-47.
Lin, T.Y., & Cheng, Y.Y. (2010). Changes in the intellectual structure of strategic alliance research, 1980-2009. Management Review, 31(4), 67-97.
Lin, Y. (1992). Adjustment didcipline for portfolio insurance: Trade-off and choices. NTU Management Review, 3(1), 1-31.
Lin, Y.C., & Yeh, K.S. (2008). How governance structures change: Cases for PC, semiconductor and TFT-LCD industries in Taiwan. Journal of Management, 25(2), 151-171.
Liou, A.H.A., Wang, M.N., & Lin, Y.J. (2009). Detecting semantic data errors by adopting ontology and reasoning. Journal of Information Management, 29-54.
Liu, T.H., Hung, S.C., & Chu, Y.Y. (2003). Internet, transaction cost, and organizational field: The case study of TSMC and trend micro. Journal of Information Management, 9(2), 73-107.
Luo, J.D. (1997). The advantage of network organizations in Silicon Valley. Sun Yat-Sen Management Review, 5(2), 287－314.
Ma, W.Y. (2000). The research of vertical separation of Taiwan's IC industries. Journal of Technology Management, 5(2), 1-20.
Rindfleisch, A., & Heide, J.B. (1997), Transaction cost analysis: Past, present, and future applications, Journal of Marketing, 61, 30-54.
Seetoo, D.H., & Hsiung, H.H. (2004). Opportunistic behavior analysis-effects of value gap, information gap, and potential punishment power. Sun Yat-Sen Management Review, 12(4), 675-707.
Shih, S.C. (2006). A decision model regarding foreign direct investment. Journal of Technology Management, 11(2), 127-153.
Shiue, Y.C., & Tsai, C.T. (1996). The study of information systems outsourcing the relations among transaction cost, social attributes of Taiwan's enterprises and relationships between outsourcers and contractors. Journal of Management & Systems, 3(1), 17-25.
Sun, C.C., Chang, S.C., & Chen, S.L. (2008). How to enhance consumers' loyalty: Combining transaction cost theory with technology acceptance model. Journal of Technology Management, 13(1), 1-39.
Sun, L., & Tang, Y.E. (1999). Channel evolution and institutional change in China. Sun Yat-Sen Management Review, 7(2), 467-486.
Tsai, Y.Y., Peng, Y.S., & Chen, C.C. (2005). A study of outsourcing activities and relationship types with subcontractors of Japanese-affiliated companies in Taiwan: The perspectives of transaction cost and resource-based view. Management Review, 24(3), 117-142.
Wang, T.G. (1999). Factors affecting software outsourcing effectiveness: Reputation, transaction attributes, social relationship, and service quality. Journal of Management, 16(1), 69-99.
Wang, T.G., Tai, C.F., & Wang, K. (2004). Factors influencing consumer's online shopping intention: combining theory of reasoned action and transaction cost theory. Journal of Information Management, 11(1), 113-137.
Wong, H.C., Yu, J.C.M., & Huang, K.F. (2009). Value co-production and governance mode. Organization and Management, 2(1), 63-89.
Wu, C.M., Chu, S.Y., & Fang, W.C. (2006). The study of trust and commitment influence factors in supply chain relationships-transaction cost and social exchange theories perspectives. Journal of Information Management, 13(S), 91-118.
Wu, C.S., & Shih, S.C. (2007). Selection of entry modes to a specific location using AHP Group decision. Chiao Da Management Review, 27(1), 195-219.
Wu, R.S., & Liao, K.S. (2007). Using genetic programming to predict timing for buy or sell stocks. Journal of Information Management, 14(2), 111-138.
Yang, T.C. & Liu, S.L. (1997). A research on the performance of portfolio insurance: The empirical study of Taiwan Stock Crashes in 1990. Management Review, 16(1), 67-83.
