WHAT CONSTITUTES A TRANSACTION-SPECIFIC ASSET - AN EXAMINATION OF THEDIMENSIONS AND TYPES

Transaction-cost economics has been applied to a wide range of researc h areas; however, the definition of transaction-specific asset (TSA) h as been overlooked. Content analysis of previous research suggests six dimensions (specificity, magnitude, durability, value-in-use, importa nce, and risk) and six types (site, human, physical, dedicated, brand name, and temporal assets) of TSAs. Prior empirical operationalization s of TSAs are also content-analyzed, and results indicate that althoug h all six types of TSAs have received research attention, only three d imensions have been empirically addressed. Correspondence analysis is used to examine the relationships among the types and dimensions of TS As.