The Uncertainty-Governance Choice Puzzle Revisited

Predictions from Transaction Costs Economics, Resource-Based Theory, and Real Options Theory

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Éditeur :

Gabler Verlag


Collection :

Beiträge zur betriebswirtschaftlichen Forschung

Paru le : 2009-06-20



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Description
Franziska König examines the nature and effects of uncertainty on governance choice of firms. Despite an innumerable amount of theoretical and empirical efforts that have been undertaken until to date, the relationship between uncertainty and governance choice remains nebulous. On the one hand, there are numerous theoretical approaches suggesting different implications regarding governance choice. For example, while in the face of uncertainty, transaction costs economics (TCE) favors hierarchical governance, real options theory (ROT) promotes more market-based governance solutions. On the other hand, empirical research has been adopting an innumerable amount of different operationalizations and has presented in part divergent empirical results. As a consequence the strategic management literature has not been able to advise management practice on which governance form to choose in the face of different uncertainty problems. Franziska König approaches the theoretical and empirical puzzle in a systematical way and her results materially advance current research. Firstly, Franziska König suggests a more formal, circumstance-based categorization of uncertainty-governance choice relationships that allows integrating different theoretical explanations and resolving empirical anomalies. Subsequently, she adopts a mul- dimensional, circumstance-based lens to investigate the contributions of three theoretical frameworks, i. e. , TCE, Resource-Based View (RBV), and ROT, and therewith to gain a deeper understanding of uncertainty-governance choice problems. Secondly, Franziska König provides a thorough examination of the state-of-the-art regarding empirical research.
Pages
341 pages
Collection
Beiträge zur betriebswirtschaftlichen Forschung
Parution
2009-06-20
Marque
Gabler Verlag
EAN papier
9783834915337
EAN PDF
9783834994493

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3
Nombre pages imprimables
34
Taille du fichier
1833 Ko
Prix
52,74 €