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http://dx.doi.org/10.14400/JDC.2014.12.4.133

The Effects of Transaction Cost Factors on Cooperative Relationship Lasting Factors, Degree of Relationship Satisfaction, and Performance  

Lee, Sang-Wan (School of business Dong-A University)
Kim, Jae-Yeol (Global business college Konyang University)
Publication Information
Journal of Digital Convergence / v.12, no.4, 2014 , pp. 133-143 More about this Journal
Abstract
This paper investigate how transaction cost factors affect organizational performance both directly and indirectly, through cooperative relationship lasting factors and degree of relationship satisfaction. The results can be summarized as follows: First, asset uncertainty directly influenced financial and non-financial performance. Also asset specificity and opportunism did not influence financial and non financial performance directly. Second cooperative relationship lasting factors were connected with transaction cost factors direct variables on cooperative relationship lasting factors are asset specificity and uncertainty, but opportunism did not directly influence. Third, degree of relationship satisfaction were connected with transaction cost factors direct variables on degree of relationship satisfaction are asset specificity and opportunism, but uncertainty had not affected degree of relationship satisfaction. Fourth, cooperative relationship lasting factors and degree of relation satisfaction had affected financial performance and non financial performance. In summary, this study find that transaction cost factors had indirectly influenced organizational performance through mediated variables such as cooperative relationship lasting factors and degree of relationship satisfaction.
Keywords
Transaction Cost Factors; cooperative relationship lasting factors; degree of relationship satisfaction;
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