›› 2016, Vol. 28 ›› Issue (4): 212-224.

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Exploring the Enterprise Boundary and Relevant Propositions by Studying the Governance Transaction Relationship and Business Transaction Relationship——Findings from a Multiple Cases Study

Wei Wei1, Lin Guiping2, Zhu Wuxiang3   

  1. 1. HSBC Business School, Peking University, Shenzhen 518055;
    2. Shenzhen Yuanzhi Business Model Institute, Shenzhen 518000;
    3. School of Economics and Management, Tsinghua University, Beijing 100084
  • Received:2015-12-20 Online:2016-04-28 Published:2016-05-16

Abstract:

Based on the theory of business model of the stakeholder's transaction structure, this paper analyzes the relation between the business transaction relationship and the governance transaction relationshipthrough case study. Our study shows that it's necessary to separate the business transaction relationship and the governance transaction relationship no matter an internal or external transaction is to be analyzed; the business transaction relationship mainly pays attention to the transaction contents and value distribution produced by the corresponding transaction, and the governance transaction relationship mainly pays attention to surplus value distribution of the stakeholders and the corresponding stakeholders. Clearly separating the business transaction relationship and the governance transaction relationship can not only help enterprises plan their commercial boundary, but also assist to promote the innovation of their business model.

Key words: governance transaction relationship, business transaction relationship, business model, commercial boundary, stakeholders