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An Integrative Approach of Resource-Based View and Transaction Cost Economics - Research Proposal Example

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This research proposal "An Integrative Approach of Resource-Based View and Transaction Cost Economics" takes into account various social resources in explaining Chinese immigrant entrepreneurs. It presents a new integrated framework that applies theories of RBV with a focus on social resources…
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An Integrative Approach of Resource-Based View and Transaction Cost Economics
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Download file to see previous pages This study presents a new integrated framework that applies theories of RBV with a focus on social resources as well as TCE to the phenomenon of immigrant entrepreneurship.
Most studies previously done tend to focus only on one type of social capital resource and very few have integrated the different types of social capital resources to explain entrepreneurship, especially immigrant entrepreneurship. This study takes into account various social resources in explaining Chinese immigrant entrepreneurs. It seeks to investigate the relative impact of different social capital factors like personal/ethnic resources and relationships that include business networks and personal guanxi networks on the performance of Chinese immigrant businesses. It provides a conceptual framework on how RBV with focus on how social resources facilitate immigrant entrepreneurs in gaining access to certain local advantages, thus reducing transaction costs and enhancing overall business performance.
Sociological explanations of network effectiveness stress the importance of trust, while transaction cost theory emphasizes on asset specificity (Wu & Choi, 2004). However, there has been little or no research earlier that has studied specifically the mechanism by which the social networks or social capital per se, leads to an increase in performance. This study assumes that the missing link especially in the case of Chinese immigrant entrepreneurs is transaction cost reduction. The literature reviewed therefore is aimed at elaborating on the meaning of social resources and transaction costs. It would also present a holistic picture of the resource-based view and transaction cost economy as major theories underlying the theoretical framework of the study.
Grounded in the work of Penrose (1959), the resource-based view (RBV) has gained considerable attention. ...Download file to see next pagesRead More
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