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The impact of socio-cultural factors on transaction costs and the competitive advantages of the company


  • Nikishina, Elena

    () (Russian presidental academy of national economy and public administration)


The article describes the approaches to the measurement of the social and cultural specifics of the company, as well as the definition of the economic effects caused by it. Ten methods are considered socio-cultural dimensions, typological groups highlighted socio-cultural indicators, defined by their rank differences depending on the frequency of use in the methods of different authors. For example, three groups of indicators with the highest rank of the analysis of the impact of socio-cultural factors on transaction costs and the competitive advantages of the community.

Suggested Citation

  • Nikishina, Elena, 2016. "The impact of socio-cultural factors on transaction costs and the competitive advantages of the company," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 105-120, February.
  • Handle: RePEc:rnp:ecopol:ep1608

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    References listed on IDEAS

    1. Roland Hodler, 2011. "Institutions, Trade, and the Political Economy of Financial Development," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 167(3), pages 445-464, September.
    2. Waarts, Eric & Van Everdingen, Yvonne, 2005. "The Influence of National Culture on the Adoption Status of Innovations:: An Empirical Study of Firms Across Europe," European Management Journal, Elsevier, vol. 23(6), pages 601-610, December.
    3. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.
    4. Licht, Amir N. & Goldschmidt, Chanan & Schwartz, Shalom H., 2007. "Culture rules: The foundations of the rule of law and other norms of governance," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 659-688, December.
    5. Bedassa Tadesse & Roger White, 2010. "Does Cultural Distance Hinder Trade in Goods? A Comparative Study of Nine OECD Member Nations," Open Economies Review, Springer, vol. 21(2), pages 237-261, April.
    6. A. Alesina & P. Giuliano., 2016. "Culture and institutions," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    7. Shane, Scott A., 1992. "Why do some societies invent more than others?," Journal of Business Venturing, Elsevier, vol. 7(1), pages 29-46, January.
    8. Greif, Avner, 1994. "Cultural Beliefs and the Organization of Society: A Historical and Theoretical Reflection on Collectivist and Individualist Societies," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 912-950, October.
    9. Taras, Vas & Rowney, Julie & Steel, Piers, 2009. "Half a century of measuring culture: Review of approaches, challenges, and limitations based on the analysis of 121 instruments for quantifying culture," Journal of International Management, Elsevier, vol. 15(4), pages 357-373, December.
    10. Scott Shane, 1995. "Uncertainty Avoidance and the Preference for Innovation Championing Roles," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(1), pages 47-68, March.
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    More about this item


    transaction costs; socio-cultural factors; individualism; power distance; long-term orientation;

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification


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