There is a tendency to see trust and control by formal agreements as substitutes. According to transaction cost … economics trust is unreliable, and some form of control is needed to reduce hazards of opportunism. According to others, high … trust allows for a limited extent of formal control. Formal control signals distrust and thereby evokes reciprocal distrust …

This article connects theory of learning with theory of governance, in the context of inter-firm relations. It … relational risk are identified: hold-up and spillover risk. For the governance of relations, i.e. the control of relational risk …, the article presents a set of instruments that includes trust, next to instruments adopted and adapted from TCE. It also …

This article connects theory of learning with theory of governance, in the context of inter-firm relations. It … relational risk are identified: hold-up and spillover risk. For the governance of relations, i.e. the control of relational risk …, the article presents a set of instruments that includes trust, next to instruments adopted and adapted from TCE. It also …

rationality, the efficiency of outcomes, trust, innovation, learning and the nature of knowledge. The competence view yields an … alternative perspective on the purpose and boundaries of the firm. However, the competence view cannot ignore issues of governance … contribute to the development of theory and empirical research that connects governance and competence perspectives. …

rationality, the efficiency of outcomes, trust, innovation, learning and the nature of knowledge. The competence view yields an … alternative perspective on the purpose and boundaries of the firm. However, the competence view cannot ignore issues of governance … contribute to the development of theory and empirical research that connects governance and competence perspectives. …