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| Author: | Walker, G. Poppo, L. |
| Title: | Profit centers, single-source suppliers, and transaction costs |
| Journal: | Administrative Science Quarterly
1991 : MAR, VOL. 36:1, p. 66-87 |
| Index terms: | PROFIT CENTRES COST ACCOUNTING MANUFACTURING INDUSTRY SUPPLY MARKETS DECENTRALISATION |
| Language: | eng |
| Abstract: | The transaction-cost theory is criticised in that it overstates the effect of asset specialization on vertical integration and understates the costs of managing interunit relationships within an organization, particularly for nonstandard organizations and markets. The theory is simultaneously applied to decentralized supply relationships in a manufacturing corporation and to the corporation's relationships with single-source suppliers. It is claimed that specialized assets have lower transaction costs within the organization. Corporate decentralization and relational contracting in the market diminish the role of asset specificity. |
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