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Interorganizational trust is an important factor affecting the actions and performance of organizations engaged in strategic alliances and in other dyadic and network relationships. In this article, we examine and consolidate the empirical scholarship on interorganizational trust in the...
Persistent link: https://www.econbiz.de/10014047273
To date, much of the literature on institutional economics has relied on abstract metaphors based in exchange. Thus, Williamson introduced the fundamental insights surrounding his “transaction costs” model and discussed the governance of contracts in exchange relationships. Yet organizations...
Persistent link: https://www.econbiz.de/10014048273
There is much debate and diversity of results in the literature on the relationships between formal governance and trust. Drawing on concepts such as substitution, complementarity and crowding out, scholars have variously argued for (and found evidence consistent with) both positive and negative...
Persistent link: https://www.econbiz.de/10014219679
This paper develops a simple general equilibrium model which establishes a link between the patience of economic agents and the well-being of nations. We show that firms in long-term oriented countries can mitigate hold-up inefficiencies by engaging with their suppliers in relational contracting...
Persistent link: https://www.econbiz.de/10012923240
This paper develops a simple general equilibrium model which establishes a link between the patience of economic agents and the well-being of nations. We show that firms in long-term oriented countries can mitigate hold-up inefficiencies by engaging with their suppliers in relational contracting...
Persistent link: https://www.econbiz.de/10011810338
I study organizations in which agents are connected through a fixed, un-directed, and unweighted network, and work collectively to produce a team output. Besides choosing own effort that contributes directly to the team output, agents can also exert helping effort to their network neighbors so...
Persistent link: https://www.econbiz.de/10012823826
Economic theory regarding moral hazard at work is somewhat at odds with recent business evidence. Whereas firms in economically and technologically stable environments could apparently follow conventional wisdom when trying to reduce moral hazard through tight supervision and incentive packages,...
Persistent link: https://www.econbiz.de/10014046247
This paper reports on the “CEO's-eye-view” of the 1990 commercial real estate crisis at Citibank using unique data from CEO John Reed's private archives. This qualitative analysis sheds light on questions that have perennially plagued executives and intrigued scholars: How do organizations...
Persistent link: https://www.econbiz.de/10013029111
This article conceptually explores the dark side of luxury work, i.e. service work in the luxury segment, by using the analytical perspective of ‘paradoxes’. We identify three paradoxes arising from the dark side of luxury work which are interrelated, affect different actors (managers,...
Persistent link: https://www.econbiz.de/10009712684
This study is framed against the increasingly stringent environmental demands on the pulp and paper industry since the late-1980s to reduce water and air pollution, and the global economic slowdown of the early-1990s. The primary focus of this paper is an observation-based analysis conducted by...
Persistent link: https://www.econbiz.de/10003850304