Integrating the resource-based view and transaction cost economics in immigrant business performance

详细信息    查看全文

• 作者：Xiaohua Yang (1) xyang14@usfca.edu
  Elly Yi-Hsuan Ho (2) elly.ho@qut.edu.au
  Artemis Chang (2) a2.chang@qut.edu.au
• 关键词：Immigrant entrepreneurs – ; Resource ; based view – ; Transaction cost economics – ; Social networks – ; Guanxi – ; Overseas Chinese
• 刊名：Asia Pacific Journal of Management
• 出版年：2012
• 出版时间：September 2012
• 年：2012
• 卷：29
• 期：3
• 页码：753-772
• 全文大小：282.6 KB
• 参考文献：1. Ahuja, G. 2000. Collaboration networks, structural holes, and innovation: A longitudinal study. Administrative Science Quarterly, 45: 425–455.
  2. Aldrich, H., & Waldinger, R. 1990. Ethnicity and entrepreneurship. Annual Review of Sociology, 16: 111–135.
  3. Aldrich, H., Waldinger, R., & Ward, R. 1990. Ethnic entrepreneurs. Thousand Oaks, CA: Sage.
  4. ABS (Australian Bureau of Statistics). 2001. Australian social trends 2001. Canberra, AU: ABS.
  5. ABS (Australian Bureau of Statistics). 2007. Australian social trends 2007. Canberra, AU: ABS.
  6. ABS (Australian Bureau of Statistics). 2008. Migration Australia 2006–07. Canberra, AU: ABS.
  7. Bailey, T., & Waldinger, R. 1991. Primary, secondary, and enclave labor markets: A training systems approach. American Sociological Review, 56: 432–445.
  8. Barrett, G., Jones, T. P., & McEvoy, D. 1996. Ethnic minority business: Theoretical discourse in Britain and North America. Urban Studies, 33: 783–809.
  9. Bates, T. 1994. Social resources generated by group support networks may not. Social Forces, 72: 671.
  10. Bhagat, R. S., McDevitt, A. S., & McDevitt, I. 2010. On improving the robustness of Asian management theories: Theoretical anchors in the era of globalization. Asia Pacific Journal of Management, 27(2): 179–192.
  11. Bian, Y. 1994a. Guanxi and the allocation of urban jobs in China. China Quarterly, 340: 971–999.
  12. Bian, Y. 1994b. Work and inequality in China. Albany, NY: State University of New York Press.
  13. Bian, Y. 1997. Bringing strong ties back in: Indirect ties, network bridges, and job searches in China. American Sociological Review, 62: 366–385.
  14. Bromily, E., & Cummings, L. L. 1995. Transaction costs in organizations with trust. In R. Beis, B. Sheppard & R. Lewicki (Eds.). Research on negotiations in organizations. Greenwich, CT: JAI Press.
  15. Brown, B., & Butler, J. E. 1993. Networks and entrepreneurial development: The shadow of borders. Entrepreneurship and Regional Development, 5: 101–116.
  16. Burt, R. S. 1992. Structural holes: The social structure of competition. Cambridge: Harvard University Press.
  17. Butler, J. E., & Hansen, G. S. 1991. Network evolution, entrepreneurial success, and regional development. Entrepreneurship and Regional Development, 3: 1–16.
  18. Callaghan, M. 1993. The development of application of a test instrument for relationship marketing orientation within Australian businesses. Bachelor of Business Thesis, University of Southern Queensland, Queensland, Australia.
  19. Carney, M., Gedajlovic, E., & Yang, X. 2009. Varieties of Asian capitalism: Toward an institutional theory of Asian enterprise. Asia Pacific Journal of Management, 26(3): 361–380.
  20. Chang, W. C. 2004. Guanxi and regulation in networks: The Yunnanese jade trade between Burma and Thailand, 1962–88. Journal of Southeast Asian Studies, 35: 479–501.
  21. Chen, Z. X., & Francesco, A. M. 2000. Employee demography, organizational commitment, and turnover intentions in China: Do cultural differences matter?. Human Relations, 53: 869–887.
  22. Chiang, L. H., & Hsu, J. H. 2005. Locational decisions and residential preferences of Taiwanese immigrants in Australia. GeoJournal, 64: 75.
  23. Chow, I. H. 2008. How trust reduces transaction costs and enhances performance in China’s businesses. S.A.M. Advanced Management Journal, 73: 25–34.
  24. Chrysostome, E. 2010. The success factors of necessity immigrant entrepreneurs: In search of a model. Thunderbird International Review, 52: 137–152.
  25. Chrysostome, E., & Lin, X. 2010. Immigrant entrepreneurship: Scrutinizing a promising type of business venture. Thunderbird International Review, 52: 77–82.
  26. Cialdini, R. B., & Goldstein, N. J. 2004. Social influence: Compliance and conformity. Annual Review of Psychology, 55: 591–603.
  27. Clulow, V., Barry, C., & Gerstman, J. 2007. The resource-based view and value: The customer-based view of the firm. Journal of European Industrial Training, 31: 19–35.
  28. Coase, R. H. 1937. The nature of the firm. Economica, 4: 386–405.
  29. Coleman, J. 1990. Foundations of social theory. Cambridge: Harvard University Press.
  30. Collins, J. 2002. Chinese entrepreneurs: The Chinese diaspora in Australia. International Journal of Entrepreneurial Behaviour and Research, 8: 113–133.
  31. Coviello, N. E. 2006. The network dynamics of international new ventures. Journal of International Business Studies, 37: 713–731.
  32. Coviello, N. E., & Cox, M. P. 2006. The resource dynamics of international new venture networks. Journal of International Entrepreneurship, 4: 113–132.
  33. Cummings, S. 1980. Self-help in urban America: Patterns of minority economic development. Port Washington, NY: Kennikat Press.
  34. Davidsson, P., & Honig, B. 2003. The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18: 301–331.
  35. Dietrich, M. 1991. Firms, markets and transaction cost economics. Scottish Journal of Political Economy, 38: 41–57.
  36. Doz, Y. L. 1996. The evolution of cooperation in strategic alliances: Initial conditions or learning processes?. Strategic Management Journal, 17: 55–83.
  37. Dyer, J. H., & Chu, W. 2003. The role of trustworthiness in reducing transaction costs and improving performance: Empirical evidence from the United States, Japan, and Korea. Organizational Science, 14: 57–68.
  38. Emirbayer, M., & Goodwin, J. 1994. Network analysis, culture, and the problem of agency. The American Journal of Sociology, 99: 1411–1454.
  39. Fang, T. 2010. Asian management research needs more self-confidence: Reflection on Hofstede (2007) and beyond. Asia Pacific Journal of Management, 27(1): 155–170.
  40. Fink, R. C., Edelman, L. F., Hatten, K. J., & James, W. L. 2006. Transaction cost economics, resource dependence theory, and customer-supplier relationships. Industrial and Corporate Change, 15: 497–529.
  41. Fisman, R. 2003. Ethnic ties and the provision of credit: Relationship-level evidence from African firms. Advances in Economic Analysis and Policy, 3: 1–18.
  42. Fliaster, A., & Spiess, J. 2008. Knowledge mobilization through social ties: The cost-benefit analysis. Schmalenbach Business Review: ZFBF, 60: 99–117.
  43. Fock, H. K., & Woo, K. 1998. The China market: Strategic implications of guanxi. Business Strategy Review, 9: 33–43.
  44. Gibb, A. 2006. Making markets in business development services for SMEs: Taking up the Chinese challenge of entrepreneurial networking and stakeholder relationship management. Journal of Small Business and Enterprise Development: Entrepreneurship Development in China, 13: 263–283.
  45. Gnyawali, D. R., & Madhavan, R. 2001. Cooperative networks and competitive dynamics: A structural embeddedness perspective. Academy of Management Review, 26: 431–445.
  46. Goh, M., Prakash, S., & Yeo, R. 2007. Resource-based approach to IT shared services in a manufacturing firm. Industrial Management + Data Systems, 107: 251–270.
  47. Gouldner, A. W. 1960. The norm of reciprocity: A preliminary statement. Social Review, 25: 161–178.
  48. Granovetter, M. 1973. The strength of weak ties. The American Journal of Sociology, 78: 1360–1380.
  49. Granovetter, M. 1982. The strength of weak ties: A network theory revisited. In P. Marsden & N. Lin (Eds.). Social structure and network analysis: 103–130. Beverly Hills: Sage.
  50. Granovetter, M. 1985. Economic action and social structure: The problem of embeddedness. The American Journal of Sociology, 91: 481–510.
  51. Greene, P. G. 1997. A resource-based approach to ethnic business sponsorship: A consideration of Ismaili-Pakistani immigrants. Journal of Small Business Management, 35: 58–72.
  52. Haley, G. T. 1997. A strategic perspective on overseas Chinese networks’ decision making. Management Decision, 35: 587–594.
  53. Hammarstedt, M. 2004. Self-employment among immigrants in Sweden—An analysis of intragroup differences. Small Business Economics, 23: 115–126.
  54. Hansen, M. T. 1998. The search-transfer problem: The role of weak ties in sharing knowledge across organization subunits. Administrative Science Quarterly, 44: 82–111.
  55. Heiman, B., & Nickerson, J. A. 2002. Towards reconciling transaction cost economics and the knowledge-based view of the firm: The context of interfirm collaborations. International Journal of the Economics of Business, 9: 97–116.
  56. Heracleous, L., & Murray, J. 2001. Networks, interlocking directors and strategy: Toward a theoretical framework. Asia Pacific Journal of Management, 18(2): 137–160.
  57. Hosler, S. S. 1996. Japanese immigrant entrepreneurs in New York City: The role of ethnic collectivity in business. PhD dissertation, State University of New York, Albany, New York.
  58. Huang, Y. H. 2002. Toward a cross-cultural theoretical framework of organizational boundaries. Unpublished manuscript, Chinese University of Hong Kong, Hong Kong, PRC.
  59. Hutchings, K., & Weir, D. 2006. Understanding networking in China and the Arab world: Lessons for international managers. Journal of European Industrial Training, 30: 272–290.
  60. Ibarra, H. 1993. Personal networks of women and minorities in management: A conceptual framework. Academy of Management Review, 18: 55–87.
  61. Iyer, G. 1999. The impact of religion and reputation in the organization of Indian merchant communities. Journal of Business and Industrial Marketing, 14: 102–117.
  62. Iyer, G. R., & Shapiro, J. M. 1999. Ethnic entrepreneurial and marketing systems: Implications for the global economy. Journal of International Marketing, 7: 83–110.
  63. Jones, G. R. 2001. Towards a positive interpretation of transaction cost theory: The central roles of entrepreneurship and trust. In M. A. Hitt, R. E. Freeman & J. S. Harrison (Eds.). Handbook of strategic management: 208–228. Malden, MA: Blackwell Publishers Inc.
  64. Kale, P., Singh, H., & Perlmutter, H. 2000. Learning and protection of proprietary assets in strategic alliance: Building relational capital. Strategic Management Journal, 21: 217–237.
  65. Kee, P. 1994. Unravelling the global Chinese business networks. BIPR Bulletin, 11: 9–12.
  66. Kelln, R. C., & Ellard, J. H. 1999. An equity theory analysis of the impact of forgiveness and retribution on transgressor compliance. Personal Social Psychology Bulletin, 25: 864–872.
  67. Kulkarni, S. P., & Fiet, J. O. 2007. A transaction cost analysis of restructuring alternatives. Advances in Competitiveness Research, 15: 81.
  68. Kushnirovich, N., & Heilbrunn, S. 2008. Financial funding of immigrant businesses. Journal of Developmental Entrepreneurship, 13(2): 167–185.
  69. Li, J., & Wright, P. P. 2000. Guanxi and the realities of career development: A Chinese perspective. Career Development International, 5: 369–378.
  70. Li, P. S. 1993. Chinese investment and business in Canada: Ethnic entrepreneurship reconsidered. Pacific Affairs, 66: 219–243.
  71. Li, P. S., & Dong, C. 2007. Earnings of Chinese immigrants in the enclave and mainstream economy. The Canadian Review of Sociology and Anthropology, 44: 65–99.
  72. Liang, T. P., & Huang, J. S. 1998. An empirical study on consumer acceptance of products in electronic markets: A transaction cost model. Decision Support Systems, 24: 29–43.
  73. Light, I. 1972. Ethnic enterprise in America. Berkeley and Los Angeles: University of California Press.
  74. Light, I. 1979. Disadvantages! Minorities in self-employment. International Journal of Comparative Sociology, 20: 31–55.
  75. Light, I. 1984. Immigrant and ethnic enterprise in North America. Ethnic and Racial Studies, 7: 195–216.
  76. Light, I., & Bonacich, E. 1988. Immigrant entrepreneurs: Koreans in Los Angeles, 1965–1982. Berkeley and Los Angeles: University of California Press.
  77. Light, I., & Gold, S. 2000. Ethnic economies. San Diego: Academic.
  78. Lin, J., & Si, S. X. 2010. Can guanxi be a problem? Contexts, ties, and some unfavorable consequences of social capital in China. Asia Pacific Journal of Management, 27(3): 561–581.
  79. Logan, J. R., Zhang, W., & Alba, R. D. 2002. Immigrant enclaves and ethnic communities in New York and Los Angeles. American Sociological Review, 67: 299–322.
  80. Lovett, S., Simmons, L. C., & Kali, R. 1999. Guanxi versus the market: Ethics and efficiency. Journal of International Business Studies, 30: 231–241.
  81. Lunn, J., & Steen, T. 2000. An investigation into the effects of ethnicity and immigration on self-employment. International Advances in Economic Research, 16: 498–520.
  82. Luo, Y. 2000. Guanxi and business. River Edge, NJ: World Scientific Publishing Co.
  83. Luo, Y. 2003. Industrial dynamics and managerial networking in an emerging market: The case of China. Strategic Management Journal, 24: 1315–1327.
  84. Lyons, B., & Mehta, J. 1997. Contracts, opportunism and trust: Self-interest and social orientation. Cambridge Journal of Economics, 21(2): 239–257.
  85. Merrilees, B., & Miller, D. 1999. Direct selling in the west and east: The relative roles of product and relationship (guanxi) drivers. Journal of Business Research, 45: 267–273.
  86. Michailova, S., & Worm, V. 2003. Personal networking in Russia and China. European Management Journal, 23: 509–519.
  87. Millington, A., Eberhardt, M., & Wilkinson, B. 2006. Guanxi and supplier search mechanisms in China. Human Relations, 59: 505–531.
  88. Min, P. G. 1996. Caught in the middle: Korean merchants in New York and Los Angeles. Berkeley and Los Angeles: University of California Press.
  89. Min, P. G. 2000. Religion and ethnicity: A comparison of Indian Hindu and Korean Christian immigrants in the United States. Bulletin of the Royal Institute of Inter-Faith Studies, 2: 121–140.
  90. Min, P. G., & Bozorgmehr, M. 2000. Immigrant entrepreneurship and business patterns: A comparison of Koreans and Iranians in Los Angeles. The International Migration Review, 34: 707–738.
  91. Nooteboom, B. 1992. Towards a dynamic theory of transactions. Journal of Evolutionary Economics, 2: 281–299.
  92. Park, S. H., & Luo, Y. 2001. Guanxi and organizational dynamics: Organizational networking in Chinese firms. Strategic Management Journal, 22: 455–477.
  93. Peng, M. W., & Zhou, J. Q. 2005. How network strategies and institutional transitions evolve in Asia. Asia Pacific Journal of Management, 22(4): 321–336.
  94. Portes, A., & Sensenbrenner, J. 1993. Embeddedness and immigration: Notes on the social determinants of economic action. The American Journal of Sociology, 98: 1320–1350.
  95. Portes, A., & Zhou, M. 1996. Self-employment and the earnings of immigrants. American Sociological Review, 61: 219–230.
  96. Powell, W. 1990. Neither market nor hierarchy: Network forms of organization. Research in Organizational Behavior, 12: 295–336.
  97. Raijman, R., & Tienda, M. 2000. Immigrants’ pathways to business ownership: A comparative ethnic perspective. The International Migration Review, 34: 682–706.
  98. Redding, S. G. 1990. The spirit of Chinese capitalism. Berlin: Walter de Gruyter.
  99. Redding, S. G. 2000. What is Chinese about family business? And how much is family and how much is business? Globalization of Chinese business firms. New York: St. Martin’s Press.
  100. Sampson, R. C. 2004. Organizational choice in RandD alliances: Knowledge-based and transaction cost perspectives. Managerial and Decision Economics, 25: 421–436.
  101. Sanders, J. M., & Nee, V. 1996. Immigrant self-employment: The family as social capital and the value of human capital. American Sociological Review, 61: 231–249.
  102. Seifert, W. 1997. Occupational and economic mobility and social integration of Mediterranean migrants in Germany. European Journal of Population, 13: 1–16.
  103. Sequeira, J. M., & Rasheed, A. A. 2006. Start-up and growth of immigrant small business: The impact of social and human capital. Journal of Developmental Entrepreneurship, 11: 357–375.
  104. Slater, G., & Spencer, D. A. 2000. The uncertain foundations of transaction costs economics. Journal of Economic Issues, 34: 61–87.
  105. Standifird, S., & Marshall, R. S. 2000. The transaction cost advantage of guanxi-based business practices. Journal of World Business, 35: 21–43.
  106. Tan, J. 2002. Culture, nation, and entrepreneurial strategic orientations: Implications for an emerging economy. Entrepreneurship Theory and Practice, 26(4): 95–111.
  107. Teixeira, C. 1998. Cultural resources and ethnic entrepreneurship: A case study of the Portuguese real estate industry in Toronto. Canadian Geographer, 42: 267–281.
  108. Tian, G., & Shan, J. 1999. Do migrants rob jobs? New evidence from Australia. Australian Economic History Review, 39(2): 133–142.
  109. Tilly, C. 1990. Transplanted networks. In V. Yans-McLaughlin (Ed.). Immigration reconsidered: History, sociology and politics. New York: Oxford University Press.
  110. Tung, R. L., & Chung, H. F. L. 2010. Diaspora and trade facilitation: The case of ethnic Chinese in Australia. Asia Pacific Journal of Management, 27(3): 371–392.
  111. Waldinger, R. 1986. Through the eye of the needle: Immigrants and enterprise in New York’s garment trades. New York: New York University Press.
  112. Whatley, M. A., Webster, M. J., Smith, R. H., & Rhodes, A. 1999. The effect of a favor on public and private compliance: How internalized is the norm of reciprocity?. Basic Applied Social Psychology, 21: 251–259.
  113. Williamson, O. 1975. Markets and hierarchies. New York: Free Press.
  114. Williamson, O. 1983. Credible commitments: Using hostages to support exchange. The American Economic Review, 73(4): 519–535.
  115. Wilson, T. D. 1999. Anti-immigrant sentiment and the process of settlement among Mexican immigrants to the United States: Reflections on the current wave of Mexican immigrant bashing. Review of Radical Political Economics, 31(2): 1–18.
  116. Wong, M. 2007. Guanxi and its role in business. Chinese Management Studies, 1(4): 257–276.
  117. Wong, Y. H., & Chan, R. Y. 1999. Relationship marketing in China: Guanxi, favouritism and adaptation. Journal of Business Ethics, 22: 107–118.
  118. Wong, Y. H., & Tam, J. H. 2000. Mapping relationships in China: Guanxi dynamic approach. Journal of Business and Industrial Marketing, 15: 57–70.
  119. Wu, W. P., & Choi, W. L. 2004. Transaction cost, social capital and firms’ synergy creation in Chinese business networks: An integrative approach. Asia Pacific Journal of Management, 21(3): 325–343.
  120. Xin, K., & Pearce, J. 1996. Guanxi: Connections as substitutes for formal institutional support. Academy of Management Journal, 39: 1641–1658.
  121. Yang, M. M. 1994. Gifts, favors, banquets: The art of social relationships in China. Ithaca, NY: Cornell University Press.
  122. Yang, M. M. 2002. The resilience of guanxi and its new deployments: A critique of some new guanxi scholarship. China Quarterly, 170: 459–476.
  123. Yang, X., & Terjesen, S. 2007. In search of confidence: Context, collaboration, and constraints. Asia Pacific Journal of Management, 24(4): 497–507.
  124. Yeung, I. Y., & Tung, R. L. 1996. Achieving business success in Confucian societies: The importance of guanxi (connections). Organizational Dynamics, 3: 54–65.
  125. Yoon, I. J. 1990. The changing significance of ethnic and class resources in immigrant businesses: The case of Korean businesses in Chicago. International Migration Review, 25: 303–332.
  126. Yoon, I. J. 1997. On my own: Korean businesses and race relations in America. Chicago: University of Chicago Press.
  127. Zho, M., & Logan, J. 1989. Returns on human capital in ethnic enclaves: New York City’s Chinatown. American Sociological Review, 54: 809–820.
• 作者单位：1. School of Business and Professional Studies, University of San Francisco, 2130 Fulton St., Malloy Hall 305, San Francisco, CA 94118, USA2. School of Management, Queensland University of Technology, 2 George Street, Brisbane, QLD 4000, Australia
• ISSN：1572-9958

文摘

This paper presents a new integrated framework that integrates the resource-based view and transaction cost economics to explain the phenomenon of immigrant entrepreneurship. We extend the existing literature on immigrant entrepreneurship by identifying different types of ethnic network resources and demonstrating how these resources interact with transaction costs in the context of Chinese immigrants. Thus, our study contributes to the literature by providing a theoretical framework which identifies mechanisms immigrant entrepreneurs use to strategically deploy resources to minimize costs and maximize performance outcomes.