Economists' perceptions versus managers' decisions: An experiment in transaction-cost analysis

Article Abstract:

Question is put forth regarding the consistency of the perceptions of professional economists on transaction costs with make-or-buy decisions made within firms. Little consistency is evident between actual outsourcing patterns and the predictions of the transactions cost model derived from a panel of economists and evidence of a systematic pattern to the differences suggests that a competence or resource-based approach may be relevant to understanding firm outsourcing.

United States, Research and Development in the Social Sciences and Humanities, Economists, Beliefs, opinions and attitudes, Outsourcing

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The organisation of innovation: collaboration, cooperation and multifunctional groups in UK and German manufacturing

Article Abstract:

The affect of institutional and social context on the objectives and organization of innovation in UK and German manufacturing are studied. Comparative survey of manufacturing plants in UK and Germany to investigate the extent to which plants in both these countries engage in inter-plant collaboration and cooperation and multifunctional working as part of their innovative activity is presented.

Germany, Technological innovations, Creative ability, Creativity

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On the opportunism-independent theory of the firm

Article Abstract:

A study on the opportunism-independent theory of firm is presented. Direction of the firm determined from its contracts helps in identifying the boundaries that the firm is likely to adhere to without appealing to opportunism or moral hazard. The theory is useful for transaction-cost analysis and assessing the resource-based perspective of the firm.

Contracts & orders received, Management dynamics, Public affairs, Contracts & orders let, Ethics, Venture Analysis, Methods, Management, Contracts, Ethical aspects, Business enterprises, Contract agreement, Cost benefit analysis, Company business management

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