Transaction Costs and Cultural Diversity Management in Strategic Collaboration: A Steel Industry Case
Posted: 30 Jul 2007 Last revised: 12 Feb 2021
Date Written: May 1, 2007
Abstract
This study relates theories of transaction cost economics and cultural diversity management with regards to a strategic alliance case. First it describes different types of transaction costs that are likely to occur in relation to the underlying case and gives some practical suggestions as to how these costs can be minimized. Second, the paper analyzes the cultural diversity embedded in the alliance to draw a series of solutions on its management.
Keywords: Transaction cost economics, Cultural diversity management, Strategic alliance, Steel industry
JEL Classification: M21, L14
Suggested Citation: Suggested Citation
Liu, Ke and Carafa, Andrea, Transaction Costs and Cultural Diversity Management in Strategic Collaboration: A Steel Industry Case (May 1, 2007). Available at SSRN: https://ssrn.com/abstract=1003417 or http://dx.doi.org/10.2139/ssrn.1003417
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