The Importation of European Horses by United States Trainers Through A Transaction Cost Economics Viewpoint: An Explorotary Case Study
Zimpel, Katherine Janvier (2011) The Importation of European Horses by United States Trainers Through A Transaction Cost Economics Viewpoint: An Explorotary Case Study. [Dissertation (University of Nottingham only)] (Unpublished)
This study examines the process US trainers’ go through when purchasing horses from Europe as it is an avenue that has not been previously explored within either the business community or the vast array of empirical work within Transaction Cost Economics (TCE). Through an exploratory multiple case investigation the research documents the process for the first time through the views of 22 US based trainers who were well versed in the international buying process. The purpose of this dissertation is twofold. The primary focus of the research is to explore why US trainers choose to purchase horses from Europe. The second objective is to use the framework of TCE to develop an understanding of how US trainers are managing the risks associated with purchasing horses from Europe. Although the study is exploratory, the results of the cross-case analysis provide implications for both the individuals involved in the international purchasing process and theoretical implications related to TCE. From a theoretical viewpoint, TCE provides insights into the risks associated with purchasing horses from Europe and helps to identify the current techniques US trainers use to mitigate these risks. However as the study is exploratory, future research is needed to confirm the findings of this study.
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