Social Factors, Transaction Costs and Industrial Organization
Bibliographic Data
| ID | 2354705 |
|---|---|
| Authors | Tzu-Han Yang (0000-0002-6638-9421, National Taipei University), Tzu‐Han Yang (National Taipei University, corresponding author) |
| Year | 2007 |
| Volume | 22 |
| Issue | 4 |
| Pages | 435-461 |
| Publication date | 2007-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0268-5809 • E-ISSN: 1461-7242 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0268580907078008 |
| OpenAlex | W2062822699 |
| Language | EN |
| Citations received | 1 |
| References cited | 33 |
This article demonstrates how social factors affect industrial organization by a comparative case study of South Korea and Taiwan. By applying the social networks analysis to the transaction costs measurement, the author argues that the mutual reinforcement between social network and business network has nourished the development of the industrial organizational structure of the two economies. The characteristics of social networks, on the one hand, determine the costs of information and communication, and, on the other hand, control the costs and benefits of force and fraud. Thus the transaction costs vary in different societies. Since trust and reputation can provide valuable services for each transaction, the behaviour of firms is regulated not only by law and morals, but more effectively by the economic incentives derived from social networks
Business · Database transaction · Economics · Incentive · Industrial organization · Management · Microeconomics · Reputation · Social science · Sociology · Transaction cost · Asian Industrial and Economic Development · Computer Science · Game Theory and Applications · Law · Social Capital and Networks
State and society in the Taiwan miracle
Korea
Markets and Hierarchies : analysis and antitrust implications
The Political Economy of the New Asian Industrialism
Embedded Autonomy
Race to the Swift
The Visible Hand
Asia's Next Giant
The State and Taiwan's Economic Development
Political Institutions and Economic Performance
Culture and Organization in Taiwan’s Market Economy
Divergent Capitalisms
Introducing Social Networks
Economic Action and Social Structure
Transactions costs, the size of firms and industrial policy
Testing endogenous growth in South Korea and Taiwan
The Division of Labor is Limited by the Extent of the Market
The Problem of Management and the Size of Firms
The Economic Institutions of Capitalism
The origins and development of the Northeast Asian political economy
The Impact of Social Structure on Economic Outcomes
Korea's Growth and Industrial Transformation
Neither States Nor Markets
Explaining Asian economic organization
| Citations per year | 0.06 |
|---|---|
| Citation span | 2010 - 2010 (1) |
| Highly cited | No |