The promise of blockchain for HRM: A transaction cost theoretical perspective

Autor:	Marilou Ioakimidis
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	blockchain smart contracts HRM transaction cost economics bounded rationality opportunism uncertainty Economic growth development planning HD72-88 Economics as a science HB71-74
Zdroj:	Management : Journal of Contemporary Management Issues, Vol 28, Iss 2, Pp 43-55 (2023)
Druh dokumentu:	article
ISSN:	1331-0194 1846-3363
DOI:	10.30924/mjcmi.28.2.4
Popis:	Previous research has shown that implementing blockchain technology in businesses can lead to more secure and efficient processes in various organizational areas, including human resource management. This review paper examines the use of blockchain in human resources departments from the perspective of transaction cost economics theory, which identifies several fundamental variables that increase transaction costs for firms. These variables include bounded rationality, the pervasive possibility of opportunistic behavior, and uncertainty. The paper explores how blockchain implementation, including blockchain-enabled smart contracts, can mitigate these challenges. The paper also identifies some limitations to using blockchain and smart contracts that may increase transaction costs and thus reduce transaction cost savings.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/07bfeb4c6d0f4a3d98c0936d6e2e0de1 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF