Embedded cultural values and international transaction cost advantages

Culturally embedded differences in self-interested behavior and perceptions of trust violate the universal assumption of moral hazard held by transaction cost economic theorists. A model of transaction cost advantage is derived and propositions developed using the cultural value diversity literature...

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Bibliographic Details
Authors: Strong, Kelly C. (Author) ; Weber, James (Author)
Format: Electronic Article
Language:English
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Published: Proquest 1994
In: International journal of value-based management
Year: 1994, Volume: 7, Issue: 3, Pages: 207-218
Further subjects:B Cost Economic
B Transaction Cost
B Economic Theorist
B Cost Advantage
B Moral hazard
Online Access: Volltext (lizenzpflichtig)