ǂAn ǂinstitutionalist approach to SMEs
ǂthe ǂrole of power relations and transaction costs
Povzetek
The article attempts to combine Alfred Eichner’s institutionalist theory of the megacorp and a corresponding definition of small and medium-sized enterprises (SMEs) with transaction cost theory (TCT) based on firms’ asset specificity. We have identified three types of SMEs: subcontracting SMEs as “spokes” within hub-megacorp network, independent SMEs as local competitors of megacorps, and SMEs as partners in cluster networks. The article outlines some distinctive features of the three types and then concentrates on subcontracting SMEs, presenting their submission to megacorp’s power through mark-down pricing and their consequent inability to grow. We mention some illustrative examples from Slovenia, a small transition economy, in which many SMEs have been part of international megacorps’ supply chains. We conclude that TCT, in spite of its neoclassical paradigmatic background, enriches the institutionalist approach to SMEs without changing its evolutionary character, inherited from old institutionalism.
Ključne besede
majhna in srednja podjetja;institutionalizem;post-keynesianizem;teorija;SMEs;institutionalism;post-keynesianism;theory;
Podatki
| Jezik: | Angleški jezik |
|---|---|
| Leto izida: | 2022 |
| Tipologija: | 1.01 - Izvirni znanstveni članek |
| Organizacija: | UL EF - Ekonomska fakulteta |
| UDK: | 330.1 |
| COBISS: |
123865859
|
| ISSN: | 0021-3624 |
| Št. ogledov: | 70 |
| Št. prenosov: | 24 |
| Ocena: | 0 (0 glasov) |
| Metapodatki: |
|
Ostali podatki
| Sekundarni jezik: | Slovenski jezik |
|---|---|
| Sekundarne ključne besede: | majhna in srednja podjetja;institutionalizem;postkeynesianizem;teorija; |
| Vrsta dela (COBISS): | Članek v reviji |
| Strani: | str. 721-740 |
| Letnik: | ǂVol. ǂ56 |
| Zvezek: | ǂiss. ǂ3 |
| Čas izdaje: | 2022 |
| DOI: | 10.1080/00213624.2022.2079933 |
| ID: | 16716399 |
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