Coase (1937) first explained the existence of firms and the boundaries between them as an emergent solution to minimizing the costs of accessing markets -- what Williamson (1975) later termed ‘transaction costs.' Over time, innovations in management control and changes to legal structures have...

We examine the portfolio of management controls to mitigate alliance risks of three firms' in order to analyze the suitability of three management control frameworks as descriptors of controls used in interfirm alliances: Simons (1995), Merchant and Van der Stede (2007), and Jensen and Meckling...