Examining the conditional limits of relational governance: Specialized assets, performance ambiguity, and long-standing ties

被引:162
作者
Poppo, Laura [1 ]
Zhou, Kevin Zheng
Zenger, Todd R.
机构
[1] Univ Kansas, Sch Business, Lawrence, KS 66045 USA
关键词
D O I
10.1111/j.1467-6486.2008.00779.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
Despite recognition of the benefits of relational governance in inter-organizational exchanges, factors that may erode its value have received little examination. We extend the literature by asking whether self-interested opportunities and long-standing ties erode the positive association between relational governance and performance. Consistent with transaction cost and moral hazard logics, exchange hazards, particularly asset specificity and difficult performance measurement, dampen the positive association of relational governance and performance. We further find, consistent with recent inquiries into the dark side of embedded ties that the performance benefits associated with relational governance decline when parties rely on repeated partnerships.
引用
收藏
页码:1195 / 1216
页数:22
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