Contractual commitments, bargaining power, and governance inseparability: Incorporating history into transaction cost theory

被引:280
作者
Argyres, NS [1 ]
Liebeskind, JP [1 ]
机构
[1] Univ So Calif, Marshall Sch Business, Dept Management & Org, Los Angeles, CA 90089 USA
关键词
D O I
10.2307/259036
中图分类号
F [经济];
学科分类号
02 ;
摘要
We extend transaction cost economics by arguing that prior contractual commitments made by a firm can limit its ability to differentiate or change its governance arrangements in the future-a condition we term governance inseparability. Changes in bargaining power between a firm and its exchange partners also can result in governance inseparability. Consequently, governance choice may be more particularistic than the current version of transaction cost economics allows. We provide several testable propositions.
引用
收藏
页码:49 / 63
页数:15
相关论文
共 58 条
  • [1] ALCHIAN AA, 1972, AM ECON REV, V62, P777
  • [2] [Anonymous], 1985, The transfer pricing problem: a theory for practice
  • [3] [Anonymous], CONTRACT EC
  • [4] Bain J.S., 2013, Barriers to new competition
  • [5] TECHNICAL CHANGE, COMPETITION AND VERTICAL INTEGRATION
    BALAKRISHNAN, S
    WERNERFELT, B
    [J]. STRATEGIC MANAGEMENT JOURNAL, 1986, 7 (04) : 347 - 359
  • [6] Barney J. B., 1986, Management Science, V32, P1231, DOI 10.1287/mnsc.32.10.1231
  • [7] Burgelman R., 1986, Inside corporate innovation: Strategy, structure, and managerial skills
  • [8] The Nature of the Firm
    Coase, R. H.
    [J]. ECONOMICA-NEW SERIES, 1937, 4 (16): : 386 - 405
  • [9] SOME ASPECTS OF PROPERTY RIGHTS
    DEMSETZ, H
    [J]. JOURNAL OF LAW & ECONOMICS, 1966, 9 (OCT) : 61 - 70
  • [10] ASSET STOCK ACCUMULATION AND SUSTAINABILITY OF COMPETITIVE ADVANTAGE
    DIERICKX, I
    COOL, K
    [J]. MANAGEMENT SCIENCE, 1989, 35 (12) : 1504 - 1511