Transaction Contingency Theory: A Systematic Review

Justin Blaney

May, 17 2014

Abstract

Social capital, though researched widely, remains a nebulous concept that means different things to different people. One of the primary debates consists of discussing the benefits of strong ties versus weak ties. Zheng (2008, p. 177) called for researchers to examine the relatedness between the structural and relational components of social capital, which this author postulates will assist in explaining the longstanding strong tie/weak tie debate. By analyzing the link between trust and tie strength, this research aims to provide a framework that furthers the link between social capital’s structural and relational components. Using a meta-ethnographic systematic review process, this study makes three contributions to the social capital research landscape: (1) The creation of the four quadrant conduit framework for social capital transactions that can be used to encompass components of tie strength and trust; (2) a positive progression from the concept of task contingency to transaction contingency; and (3) and analysis of how egos can benefit from developing high, moderate and low networks. In addition, a 13 phase model for meta-ethnographic systematic review is presented that can serve as a model for conducting future research. Finally, this study offers practicality for managers that wish to optimize their social capital investments to increase return based on the cultivation of multiple forms of connection type.

Keywords

social capital, strong ties, weak ties, trust, structural dimension, relational dimension, task contingency, transaction contingency, conduit framework, trusted weak tie, systematic review, meta-ethnography, high network, moderate network, low network, three tier network structure

APA Citation

Blaney, J. (2014). Transaction contingency theory: A systematic review. Retrieved from www.justinblaney.com

This article is hidden

I apologize, but the remainder of this article has been hidden because it’s under review to be published by an academic journal. Please contact me for more information at justin@justinblaney.com

References

Arenius, P., & Clercq, D. D. (2005). A network-based approach on opportunity recognition. Small Business Economics, 24(3), 249–265. doi:10.1007/s11187-005-1988-6

Batjargal, B. (2007). Comparative Social Capital: Networks of Entrepreneurs and Venture Capitalists in China and Russia. Management and Organization Review, 3(3), 397–419. doi:10.1111/j.1740-8784.2007.00080.x

Belliveau, M. A., O’Reilly, C. A., & Wade, J. B. (1996). Social capital at the top: Effects of social similarity and status on CEO compensation. Academy of Management Journal, 39(6), 1568–1593.

Britten, N., Campbell, R., Pope, C., Donavan, J., Morgan, M., and Pill, R. (2002). Using meta ethnography to synthesis qualitative research: a worked example. Journal of Health Services Research & Policy 7(4), 209-215.

Booker, R. R. (2010). Examining the inclusion of quantitative research in a meta-ethnographic review. Journal of Ethnographic & Qualitative Research, 4, 57-74.

Burt, R. S. (1980). Models of network structure. Annual Review of Sociology, 6(1), 79-141. doi: 10.1146/annurev.so.06.080180.000455

Burt, R. S. (1992). Structural Holes. Cambridge, MA: Harvard University Press.

Chen, M.-H., Chang, Y.-C., & Hung, S.-C. (2007). Social capital and creativity in R&D project teams: Social capital and creativity in R&D project teams. R&D Management, 38(1), 21–34. doi:10.1111/j.1467-9310.2007.00494.x

Claro, D. P., & Neto, S. A. L. (2011). Social networks and sales performance. Revista De Administração Contemporânea, 15(3), 498–512.

Coleman, J. S. (1988). Social capital in the creation of human capital. American Journal of Sociology, 94(s1), 95–120. doi:10.1086/228943

Conduit [Def. 4]. (2014). Merriam-Webster Online. In Merriam-Webster. Retrieved April 4, 2013, from http://www.merriam-webster.com/dictio....

Engelen, A., Lackhoff, F., & Schmidt, S. (2013). How Can Chief Marketing Officers Strengthen Their Influence? A Social Capital Perspective Across Six Country Groups. Journal of International Marketing, 21(4), 88 – 109. Retrieved from http://ezproxy.umuc.edu/login?url=htt...

Gough, D., Oliver, S., & Thomas, J. (2012). An introduction to systematic reviews. London, UK: Sage Publication.

Granovetter, M. S. (1973). The strength of weak ties. American Journal of Sociology, 78(6), 1360–1380.

Karlan, D., Mobius, M., Rosenblat, T., & Szeidl, A. (2009). Trust and Social Collateral. Quarterly Journal of Economics, 124(3), 1307 – 1361. Retrieved from http://ezproxy.umuc.edu/login?url=htt...

Kemper, J., Engelen, A., & Brettel, M. (2011). How Top Management’s Social Capital Fosters the Development of Specialized Marketing Capabilities: A Cross-Cultural Comparison. Journal of International Marketing, 19(3), 87–112. doi:10.1509/jimk.19.3.87

Khodyakov, D. (2007). Trust as a Process: A Three-Dimensional Approach. Sociology, 41(1), 115–132. doi:10.1177/0038038507072285

Lee, R. (2009). Social capital and business and management: Setting a research agenda. International Journal of Management Reviews, 11(3), 247–273. doi:10.1111/j.1468-2370.2008.00244.x

Levin, D. Z., & Cross, R. (2004). The Strength of Weak Ties You Can Trust: The Mediating Role of Trust in Effective Knowledge Transfer. Management Science, 50(11), 1477–1490. doi:10.1287/mnsc.1030.0136

Li, P. P. (2007). Social tie, social capital, and social behavior: Toward an integrative model of informal exchange. Asia Pacific Journal of Management, 24(2), 227–246. doi:10.1007/s10490-006-9031-2

Nahapiet, J., & Ghoshal, S. (1998). Cents and sociability: Household Income and Social Capital in Rural Tanzania. Washington D. C.: World Bank.

Narayan, D. and Pritchett, L. (1999). Cents and sociability: Household income and social capital in rural Tanzania. Economic Development and Cultural Change, 47, 871–897.

Oliver, S., & Sutcliffe, K. (2012). Chapter 7: Describing and analyzing studies, In Gough, D., Oliver, S., & Thomas, J. (Eds.), An introduction to systematic reviews (pp. 135 – 152). London, UK: Sage Publication.

Ozermir, A. A., & Demırcı, A. E. (2012). Impact of Social Capital on Radical Innovation Efforts of the Organizations: A Case in the Aviation Industry. Ege Academic Review, 12(1), 53 – 66. Retrieved from http://ezproxy.umuc.edu/login?url=htt...

Petticrew, M. & Roberts, H. (2005). Systematic Reviews in the Social Sciences: A practical guide. Oxford: Blackwell Publishing.

Pittaway, L., Robertson, M., Munir, K., Denyer, D., & Neely, A. (2004). Networking and innovation: a systematic review of the evidence. International Journal of Management Reviews, 5-6(3-4), 137–168. doi:10.1111/j.1460-8545.2004.00101.x

Podolny, J. M., & Baron, J. N. (1997). Resources and relationships: Social networks and mobility in the workplace. America Sociological Review, 62(5), 673–693.

Rostila, M. (2011). The Facets of Social Capital. Journal for the Theory of Social Behaviour, 41(3), 308 – 326. Retrieved from http://ezproxy.umuc.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=phl&AN=PHL2175528&site=eds-live&scope=site

Saldana, J. (2009). An introduction to codes and coding. The Coding Manual for Qualitative Researcher, (p. 1-31). Thousand Oaks, CA: Sage. Retrieved from http://www.sagepub.com/upm-dada/24614_01_Saldana_Ch_01.pdf

Strike, K. & Posner, G. (1983). Types of synthesis and their criteria. Cornell University.

Thorpe, R., Holt, R., Macpherson, A., & Pittaway, L. (2005). Using knowledge within small and medium-sized firms: A systematic review of the evidence. International Journal of Management Reviews, 7(4), 257–281. doi:10.1111/j.1468-2370.2005.00116.x

Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207-222. doi:10.1111/1467-8551.00375

Ward, S. A. (1983). Knowledge structure and knowledge synthesis. In S. A. Ward and L. J. Reed (Ed.), Knowledge Structure and Use, (pp. 19-44). Philadelphia, PA: Temple University Press.

Zheng, W. (2008). A Social Capital Perspective of Innovation from Individuals to Nations: Where is Empirical Literature Directing Us?: A Social Capital Perspective of Innovation. International Journal of Management Reviews, 12(2), 151–183. doi:10.1111/j.1468-2370.2008.00247.x

About the author

Justin Blaney is the author six books including #1 National Bestselling Novel, Evan Burl and the Falling. He is a doctoral candidate at the University of Maryland. Justin obtained a B.A. in Business Administration in 2004 at George Fox University and received an M.B.A. with a minor in Marketing in 2011 at Texas A & M University. He speaks and consults on research topics such as network connections, behavior modification, and communication. Links to other works of scholarship authored by Justin can be found at http://justinblaney.com. He can be reached at justin@justinblaney.com.