Abstract: In order to improve efficiency, the study focuses on the deconstruction of the relationship between transaction costs and strategic alliances, and sorts out the characteristics of different transaction costs and the corresponding solutions.
This study analyzes the correlation between transaction costs and strategic alliances by sampling 50 suppliers that collaborate with a target company. The analysis results indicate that transaction costs vary with asset specificity, risk uncertainty, and transaction frequency. High asset specificity and risk uncertainty lead to high transaction costs, whereas increasing transaction frequency prompts suppliers to invest additional ex-ante transaction resources to reduce subsequent losses incurred by the transaction. High transaction frequency also fosters a tight partnership and improves synergistic quality. Overall, this study verifies the strong correlation between the strength of strategic alliances and transaction costs. Enterprises must reduce or control the loss of transaction costs from different levels..
Keywords: transaction cost; strategic alliance; high-tech industry; uncertainty; asset specificity; transaction frequency
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