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Transaction cost theory and management consulting: Why do management consultants exist?

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  • Staffan Canback

    (Henley Management College)

Abstract

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.

Suggested Citation

  • Staffan Canback, 1998. "Transaction cost theory and management consulting: Why do management consultants exist?," Industrial Organization 9810002, University Library of Munich, Germany, revised 15 Nov 2002.
    • Handle: RePEc:wpa:wuwpio:9810002
    as

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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/io/papers/9810/9810002.pdf
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    References listed on IDEAS

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    5. Paroush, Jacob, 1985. "Notes on partnerships in the services sector," Journal of Economic Behavior & Organization, Elsevier, vol. 6(1), pages 79-87, March.
    6. 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 173-199, December.
    7. North, Douglass C, 1987. "Institutions, Transaction Costs and Economic Growth," Economic Inquiry, Western Economic Association International, vol. 25(3), pages 419-428, July.
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    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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