[Lecture, Jan 8] Risk Perception of Opportunism: Transaction Cost or Shadow of the Future?
time: 2018-01-05

Title: Risk Perception of Opportunism: Transaction Cost or Shadow of the Future?

Speaker: Dr Jie Chen, Lecturer in Operations and Supply Chain Management,  University of Leeds

Time: 9:00-10:30 am, January 8, 2018

Venue: Room 109, Building 12, Wushan Campus

Introduction to the Speaker:

Dr Jie Chen is Lecturer in Operations and Supply Chain Management at the University of Leeds, the UK.  She obtained her PhD from Monash University, Australia. Her research interest mainly lies in managing interorganizational collaboration, relational risks, knowledge sharing and learning.  Her work has appeared in top international journals such as Production and Operations ManagementInternational Journal of Production Research and Planning and Control. She is also reviewer for top journals in the field of operations and supply chain management.


Opportunism has dysfunctional effects in interorganizational relationships and the perception of the risk can significantly affect the resulting behavior that ultimately shapes the relationship. Yet research on the risk perception is very limited. Applying supply chain dependence as the analytical lens, this study examines supplier risk perception of buyer opportunism following two logics: transaction cost economics (TCE) and the ‘shadow of the future’ (SOF). The results of a scenario-based role-play experiment show that the SOF logic dominates the risk perception but the TCE logic plays a role when supplier current dependence is high. This study demonstrates that either logic alone is a partial and inadequate explanation of the risk perception; by adding a temporal perspective, this study provides a theoretical synthesis of these two logics in a temporal embeddedness.