Specific Investments and Residual Control Rights : A Reassessment

In this paper, I argue that, if the role of specific investments in transforming market configuration is seriously taken into account, then specific investments can be a safeguard from, rather than the cause of, opportunistic behaviours, and that residual control rights can reduce, rather than increase, incentives to invest

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Year of publication:	2018
Authors:	Vatiero, Massimiliano
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Investition \| Investment \| Theorie \| Theory \| Corporate Governance \| Corporate governance \| Prinzipal-Agent-Theorie \| Agency theory

Extent:	1 Online-Ressource (15 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Published in Oligopoly, institutions and firms' performance, Fanti L. (ed.), Pisa: Pisa University Press, 2017 (ISBN: 978-886741-8121) Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 19, 2017 erstellt
Classification:	D23 - Organizational Behavior; Transaction Costs; Property Rights ; L12 - Monopoly; Monopolization Strategies ; L14 - Transactional Relationships; Contracts and Reputation; Networks ; L21 - Business Objectives of the Firm ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; L42 - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012933459