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Applying complexity theory to explain partner cooperation: The role of transaction cost‐related factors and elements of relational exchanges
Author(s) -
Xue Jinjie,
Lu Shaokai,
Shi Benshan,
Yang Xia
Publication year - 2018
Publication title -
canadian journal of administrative sciences / revue canadienne des sciences de l'administration
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.347
H-Index - 48
eISSN - 1936-4490
pISSN - 0825-0383
DOI - 10.1002/cjas.1458
Subject(s) - transaction cost , joint venture , goodwill , qualitative comparative analysis , context (archaeology) , business , industrial organization , database transaction , relational theory , sample (material) , microeconomics , competence (human resources) , knowledge management , marketing , economics , management , computer science , commerce , finance , paleontology , chemistry , chromatography , machine learning , programming language , biology , physics , quantum mechanics
Abstract Using complexity theory, we seek to better understand the configurations of causal factors stimulating joint ventures' cooperation in Chinese manufacturing context. To this end, we adopt two dominant perspectives of transaction cost economics and relational exchange theory to identify transaction cost‐related factors and elements of relational exchanges as critical factors in joint ventures' cooperation. We apply fuzzy‐set qualitative comparative analysis on a sample of 268 joint venture partners to test research propositions. The findings indicate a need for competence trust and goodwill trust and also show that extorting rent cost should be emphasized. Results reveal those six configurations of causal factors that explain high intention to cooperate. Copyright © 2017 ASAC. Published by John Wiley & Sons, Ltd.