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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Trust and Transaction Cost in Supply Chain Cost Optimization: An Exploratory Study

Trust and Transaction Cost in Supply Chain Cost Optimization: An Exploratory Study
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Author(s): Ik-Whan G. Kwon (St. Louis University, USA), John H. Hamilton (St. Louis University, USA) and Seock-Jin Hong (Bordeaux School of Management, France)
Copyright: 2013
Pages: 13
Source title: Supply Chain Management: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-4666-2625-6.ch060

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Abstract

This chapter describes the relationship between trust and transaction cost in supply chain operations. Empirical findings from several research studies on trust and transaction cost in supply chain operations will be presented in support of the argument for managing transaction cost in supply chain management. A suggested future research agenda on this topic is also provided.

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