Transactions Cost Theory influence in strategy research: a review through a bibliometric study in leading journals

摘要

Transaction cost theory (TCT) is widely used in several managementdisciplines. Its value for explaining organizational phenomena andmanagers’ decisions is well accepted and has been recognized with twoNobel laureates (Ronald Coase and Oliver Williamson). In this paper weexamine the impact of the TCT on extant research in top tier managementjournals. We conduct a bibliometric study supported in the analysis ofcitations and co-citations to uncover the connections between authors andpresumably theories. We conclude that the TCT, albeit its specific focus onthe transactions as the unit of analysis, is present in a majority ofmanagement- and business-related research.