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Affects of Transaction Cost and Social Exchange Constructs on Trust in Supply Chain Relationship
홍석진,권익환,띠에리 로크,니제르 브라임 한국교통연구원 2013 交通硏究 Vol.20 No.1
This article is based on the assumption that trust promotes commitment between partners in the supply chain and improves the chances of return on supply chain success. In contrast, a lack of trust between them often increases transaction costs and results in inefficiency. The results of this research, based on multi-country surveys with 729 returns from France, Hungary, Korea, Tunisia and the United States on supply chain professionals, reveals a strong affect of transaction cost constructs and social exchange constructs on trust-commitment variables in partnership based supply chain relationships. This paper employs a structural equation model to extract information from the survey data. Among the findings, the research indicates that a firm's trust-commitment in dealing with their supply chain partnership is highly associated with not only transaction cost, but more so with social exchange variables. This study may open a new research avenue in that there is another construct, SEC, beside TSC that influences the degree of trust and commitment.