How relevant is transaction cost economics to inter-firm relationships in the music industry?

Gander, Jonathan and Rieple, Alison (2004) How relevant is transaction cost economics to inter-firm relationships in the music industry? Journal of Cultural Economics, 28 (1). pp. 57-79.

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Abstract

This paper applies the transaction cost framework to the organisation of product sourcing and development (PS&D) activities within the popular music industry. Two firm types characterise the industry and this particular set of activities; large multinational firms (‘majors’) and smaller regionally bound companies (‘independents’). We find that the Transaction Cost Economies framework of Oliver Williamson (1985, 1999) provides only a partial explanation for the observed hybrid organisational structures established by the two firm types. A more sensitive model can be achieved by including a number of moderating variables drawn from the socially constructed and situationally dependent idiosyncrasies of the assets involved in the PS&D activities under consideration.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Depositing User: Jonathan Gander
Date Deposited: 02 Apr 2012 08:24
Last Modified: 16 Jul 2024 04:32
URI: https://ueaeprints.uea.ac.uk/id/eprint/38630
DOI: 10.1023/B:JCEC.0000009958.80454.f6

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