Transaction cost theory and management consulting: Why do management consultants exist?
The paper sheds light on two questions, using transaction cost theory: 1) Why do management consultants exist, and 2) why do they organize in independent firms. The paper also contains a history of the management consulting industry.
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- Alfred D. Chandler, 1969. "Strategy and Structure: Chapters in the History of the American Industrial Enterprise," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530090, March.
- Paroush, Jacob, 1985. "Notes on partnerships in the services sector," Journal of Economic Behavior & Organization, Elsevier, vol. 6(1), pages 79-87, March.
- Todd R. Zenger, 1994. "Explaining Organizational Diseconomies of Scale in R&D: Agency Problems and the Allocation of Engineering Talent, Ideas, and Effort by Firm Size," Management Science, INFORMS, vol. 40(6), pages 708-729, June.
- Masahiko Aoki, 2013.
"Toward an Economic Model of the Japanese Firm,"
in: Comparative Institutional Analysis, chapter 18, pages 315-341
Edward Elgar Publishing.
- Teece, David J, 1981. "Internal Organization and Economic Performance: An Empirical Analysis of the Profitability of Principal Firms," Journal of Industrial Economics, Wiley Blackwell, vol. 30(2), pages 173-99, December.
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