We examine the link between national ethical attitude and transaction cost economics (TCE) in the context of multinational corporations' (MNCs') subsidiary ownership research. By theoretically distinguishing the TCE assumptions of opportunism and bounded rationality and by linking bounded...

1. Is Transaction Cost Economics Behavioral? -- 2. Clarifying Key Terms and Philosophical Foundations of Transaction Cost Economics -- 3. Opportunism and Bounded Rationality in Transaction Cost Economics: Values, Attitudes, or Behaviors? -- 4. Modeling Bounded Rationality: Mediation or...

Can Dunning's OLI (Ownership, Location, Internalization) framework be used to predict the best performing international entry modes or merely the most commonly selected modes? Using data German and Dutch firms investing in Central and Eastern Europe, we investigate the relationship between...