exchange theory

exchange theory

a theoretical perspective based on SIMMELs insight that ‘all contacts among men rest on the schema of giving and returning the equivalence (BLAU, 1964). The approach also draws upon economics and behavioural psychology, viewing individuals as always seeking to maximize rewards from their interactions with others (see also HOMANS). As a mode of analysis, exchange theory is associated with interesting hypotheses about social behaviour, e.g. Blau's suggestion that people tend to marry partners able to offer equivalent social assets. Critics of the approach, however, regard it as providing a model which is, at best, capable of presenting only a partial account of human social relations. Limitations of the approach suggested are: its tautological assumptions that social relations always involve exchange relations; its failure to deal adequately with such phenomena as traditional action or general values, and the great variety of human emotions. see also RATIONAL CHOICE THEORY.
References in periodicals archive ?
In the present study, we drew from social exchange theory (Blau, 1964) and conservation of resources theory (Hobfoll, 1989) to explore whether LMX determines the conditions in which employees' perceived HCWS could be converted into creativity via work engagement.
Leader member exchange theory is a primary dyadic theory in the literature of leadership.
According to the social exchange theory (Blau, 1964; Gouldner, 1960), reciprocity stimulates a feeling of obligation towards others, mainly because the latter have exhibited past behavior that proved beneficial.
Based on social exchange theory this research examined the link between ethical leadership and innovative work behavior.
Sociology: The sociology discipline provides many theories for LSCM research including institutional theory, social exchange theory, and social capital theory.
The social exchange theory suggests that several transactions and exchanges are staged on organizational platforms.
Exchange theory is based on the concept that a successful exchange between parties is dependent on both agreeing that the price paid for their goods or services is at least equal to what has been offered in exchange (Crompton, 2004).
Based on the earlier discussion in the literature review session, the theory that binds organizational climate to psychological ownership and to intention to stay is the Social exchange theory (SET).
Keywords: supply chain flexibility, firm performance, social exchange theory, trust, commitment, integrated logistics capabilities.
Chapter five proposes a sociological model of commitment and duty based on social exchange theory to help companies retain workers amidst rising mobility.
The theory which relates psychological contract breach and employee engagement is "social exchange theory (SET)".
Thus we posit that users' decision on m-commerce is based on the "calculus" of rewards and costs, according to the social exchange theory (Blau, 1964; Homans, 1958).