R. Lohtia et al., WHAT CONSTITUTES A TRANSACTION-SPECIFIC ASSET - AN EXAMINATION OF THEDIMENSIONS AND TYPES, Journal of business research, 30(3), 1994, pp. 261-270
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.