Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms. / Memili, Esra; Chrisman, James J.; Chua, Jess H.
In: Family Business Review, Vol. 24, No. 1, 01.03.2011, p. 47-61.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Memili, E, Chrisman, JJ & Chua, JH 2011, 'Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms', Family Business Review, vol. 24, no. 1, pp. 47-61. https://doi.org/10.1177/0894486510396706

APA

Memili, E., Chrisman, J. J., & Chua, J. H. (2011). Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms. Family Business Review, 24(1), 47-61. https://doi.org/10.1177/0894486510396706

Vancouver

Memili E, Chrisman JJ, Chua JH. Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms. Family Business Review. 2011 Mar 1;24(1):47-61. doi: 10.1177/0894486510396706

Author

Memili, Esra ; Chrisman, James J. ; Chua, Jess H. / Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms. In: Family Business Review. 2011 ; Vol. 24, No. 1. pp. 47-61.

Bibtex

@article{38441386c5ec4828ab940adc93e436e9,

title = "Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms",

abstract = "An important difference between family and nonfamily firms, and among different types of family firms, is in the way they make outsourcing decisions and thereby define the boundaries of the firm. The authors propose that transaction costs arising from human asset specificity, threats of opportunism, and risk aversion will make small- and medium-sized family firms operating with technologies of low to medium complexity less likely to outsource than comparable nonfamily firms. The authors also argue that the limiting influence of transaction costs on the outsourcing decisions of family firms may be mitigated by variations in available suppliers, goals, and ownership structures. ",

keywords = "family firms, outsourcing , transaction costs",

author = "Esra Memili and Chrisman, {James J.} and Chua, {Jess H.}",

year = "2011",

month = mar,

day = "1",

doi = "10.1177/0894486510396706",

language = "English",

volume = "24",

pages = "47--61",

journal = "Family Business Review",

issn = "0894-4865",

publisher = "SAGE Publications Inc.",

number = "1",

}

RIS

TY - JOUR

T1 - Transaction Costs and Outsourcing Decisions in Small- and Medium-Sized Family Firms

AU - Memili, Esra

AU - Chrisman, James J.

AU - Chua, Jess H.

PY - 2011/3/1

Y1 - 2011/3/1

N2 - An important difference between family and nonfamily firms, and among different types of family firms, is in the way they make outsourcing decisions and thereby define the boundaries of the firm. The authors propose that transaction costs arising from human asset specificity, threats of opportunism, and risk aversion will make small- and medium-sized family firms operating with technologies of low to medium complexity less likely to outsource than comparable nonfamily firms. The authors also argue that the limiting influence of transaction costs on the outsourcing decisions of family firms may be mitigated by variations in available suppliers, goals, and ownership structures.

AB - An important difference between family and nonfamily firms, and among different types of family firms, is in the way they make outsourcing decisions and thereby define the boundaries of the firm. The authors propose that transaction costs arising from human asset specificity, threats of opportunism, and risk aversion will make small- and medium-sized family firms operating with technologies of low to medium complexity less likely to outsource than comparable nonfamily firms. The authors also argue that the limiting influence of transaction costs on the outsourcing decisions of family firms may be mitigated by variations in available suppliers, goals, and ownership structures.

KW - family firms

KW - outsourcing

KW - transaction costs

U2 - 10.1177/0894486510396706

DO - 10.1177/0894486510396706

M3 - Journal article

VL - 24

SP - 47

EP - 61

JO - Family Business Review

JF - Family Business Review

SN - 0894-4865

IS - 1

ER -

Research

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