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Keywords: Transaction costs
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Journal Articles
Understanding factors associated with the decision not to bid – empirical tests and strategies for improving public procurement
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Journal of Public Budgeting, Accounting & Financial Management (2025) 37 (5): 676–695.
Published: 08 September 2025
... various reasons why businesses do not submit bids, previous research has not empirically validated nor systematically examined these reasons. This study applies transaction cost theory to understand bidding barriers from both buyer and supplier viewpoints. Design/methodology/approach After...
