A large literature has successfully employed transaction cost economic theory to describe how exchange conditions affect the optimal form of organization. However, this approach has historically not accounted for the influence of firm-specific attributes on the governance decision. This paper develops a model based on insights from transaction cost economics, the resourcebased view, and real op...

This paper suggests that a new approach is required to link smallholders with agribusiness in developing countries. This approach combines the use of the new institutional economics, a case study methodology and the lessons of history, to develop some suggestions for the design of a viable and sustainable contract farming model. A case study methodology in the Southern African sugar industry is...

Among the broad range of outsourcing offerings, netsourcing presents an emerging opportunity in the e-business context. Netsourcing allows companies to selectively source software applications from external providers via the Internet. External providers claim cost advantages over in-house development and operations of software applications. Several research streams on strategy however list a nu...

Past research has focused on transaction cost economics as a framework for electronic market (e-market) research. This takes a simplistic view of consumers as economic agents whose primary decision-making criterion is the minimization of transaction costs. We propose that the factors that potentially determine e-market success or failure can be better identified using the Ability–Motivation–Opp...