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Integrating the resource-based view and transaction cost economics in immigrant business performance

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  • Xiaohua Yang

    ()

  • Elly Ho

    ()

  • Artemis Chang

    ()

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    Abstract

    This paper presents a new integrated framework that integrates the resource-based view and transaction cost economics to explain the phenomenon of immigrant entrepreneurship. We extend the existing literature on immigrant entrepreneurship by identifying different types of ethnic network resources and demonstrating how these resources interact with transaction costs in the context of Chinese immigrants. Thus, our study contributes to the literature by providing a theoretical framework which identifies mechanisms immigrant entrepreneurs use to strategically deploy resources to minimize costs and maximize performance outcomes. Copyright Springer Science+Business Media, LLC 2012

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    File URL: http://hdl.handle.net/10.1007/s10490-010-9236-2
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    Bibliographic Info

    Article provided by Springer in its journal Asia Pacific Journal of Management.

    Volume (Year): 29 (2012)
    Issue (Month): 3 (September)
    Pages: 753-772

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    Handle: RePEc:kap:asiapa:v:29:y:2012:i:3:p:753-772

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    Postal: P.O. Box 17, 3300 AA Dordrecht, the Netherlands
    Web page: http://www.springerlink.com/link.asp?id=106589

    Related research

    Keywords: Immigrant entrepreneurs; Resource-based view; Transaction cost economics; Social networks; Guanxi ; Overseas Chinese;

    References

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    1. Bruce Heiman & Jack Nickerson, 2002. "Towards Reconciling Transaction Cost Economics and the Knowledge-based View of the Firm: The Context of Interfirm Collaborations," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(1), pages 97-116.
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    7. Xiaohua Yang & Siri Terjesen, 2007. "In search of confidence: Context, collaboration, and constraints," Asia Pacific Journal of Management, Springer, vol. 24(4), pages 497-507, December.
    8. Jennifer M. Sequeira & Abdul A. Rasheed, 2006. "Start-Up And Growth Of Immigrant Small Businesses: The Impact Of Social And Human Capital," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 357-375.
    9. Rabi Bhagat & Annette McDevitt & Ian McDevitt, 2010. "On improving the robustness of Asian management theories: Theoretical anchors in the era of globalization," Asia Pacific Journal of Management, Springer, vol. 27(2), pages 179-192, June.
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    11. Alexander Fliaster & Josef Spiess, 2008. "Knowledge Mobilization through Social tieS: The Cost-Benefit Analysis," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 60(1), pages 99-117, January.
    12. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
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    14. Nonna Kushnirovich & Sibylle Heilbrunn, 2008. "Financial Funding Of Immigrant Businesses," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 13(02), pages 167-184.
    15. Standifird, Stephen S. & Marshall, R. Scott, 2000. "The transaction cost advantage of guanxi-based business practices," Journal of World Business, Elsevier, vol. 35(1), pages 21-42, April.
    16. Rachelle C. Sampson, 2004. "Organizational choice in R&D alliances: Knowledge-based and transaction cost perspectives," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(6-7), pages 421-436.
    17. Dietrich, Michael, 1991. "Firms, Markets and Transaction Cost Economics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 38(1), pages 41-57, February.
    18. Steve Lovett & Lee C Simmons & Raja Kali, 1999. "Guanxi Versus the Market: Ethics and Efficiency," Journal of International Business Studies, Palgrave Macmillan, vol. 30(2), pages 231-247, June.
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    20. Tony Fang, 2010. "Asian management research needs more self-confidence: Reflection on Hofstede (2007) and beyond," Asia Pacific Journal of Management, Springer, vol. 27(1), pages 155-170, March.
    21. Michael Carney & Eric Gedajlovic & Xiaohua Yang, 2009. "Varieties of Asian capitalism: Toward an institutional theory of Asian enterprise," Asia Pacific Journal of Management, Springer, vol. 26(3), pages 361-380, September.
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    Cited by:
    1. Peng, Mike W. & Lee, Seung-Hyun & Hong, Sungjin J., 2014. "Entrepreneurs as intermediaries," Journal of World Business, Elsevier, vol. 49(1), pages 21-31.

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