VSE knjižnice (vzajemna bibliografsko-kataložna baza podatkov COBIB.SI)
  • An institutionalist approach to SMEs : the role of power relations and transaction costs
    Lah, Marko ; Sušjan, Andrej
    The article attempts to combine Alfred Eichner’s institutionalist theory of the megacorp and a corresponding definition of small and medium-sized enterprises (SMEs) with transaction cost theory (TCT) ... based on firms’ asset specificity. We have identified three types of SMEs: subcontracting SMEs as “spokes” within hub-megacorp network, independent SMEs as local competitors of megacorps, and SMEs as partners in cluster networks. The article outlines some distinctive features of the three types and then concentrates on subcontracting SMEs, presenting their submission to megacorp’s power through mark-down pricing and their consequent inability to grow. We mention some illustrative examples from Slovenia, a small transition economy, in which many SMEs have been part of international megacorps’ supply chains. We conclude that TCT, in spite of its neoclassical paradigmatic background, enriches the institutionalist approach to SMEs without changing its evolutionary character, inherited from old institutionalism.
    Vir: Journal of economic issues. - ISSN 0021-3624 (Vol. 56, no. 3, Sep. 2022, str. 721-740)
    Vrsta gradiva - članek, sestavni del
    Leto - 2022
    Jezik - angleški
    COBISS.SI-ID - 123865859

    Povezava(-e):

    Repozitorij Univerze v Ljubljani – RUL
    DOI

vir: Journal of economic issues. - ISSN 0021-3624 (Vol. 56, no. 3, Sep. 2022, str. 721-740)
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