Transaction costs, mistakes, and performance: assessing the importance of governance
Article Abstract:
The correlation between type of governance and performance using strategic management is discussed. The performance of a particular organizational type such as joint ventures, multinational organizations, franchising, diversification and integration, depends largely on managerial perceptions and decisions to implement policies in accordance to the nature of governance. Evaluating performance of a particular type of governance should take into account endogeneity of internal arrangements.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Transaction costs and corporate greenmail: theory, empirics and a Mickey Mouse case study
Article Abstract:
The concept and advantages of greenmail practices and a case study of a takeover bid of Walt Disney Productions in 1984 are discussed. Greenmail is a corporate defense mechanism to buy back shares from shareholders attempting to control the firm. The practice has many critics but it can result to potential windfall for the company by protecting company shares from low takeovr bids and gives the firm the opportunity to restructure management.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Opportunism and its critics
Article Abstract:
The approaches of business firms in the principle of opportunism and the effects of its suppression are discussed. The study of opportunism explores human motivations based on economics and psychology and its effects on economic organizational patterns of decision-making. Opportunism incorporates adverse selection, moral hazards amd managerial indescretion in economic models such as informational economics and agency theory.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Theories of competition and market performance: multimarket competition and the source of potential entry. Multimarket competition: theory and evidence
- Abstracts: Theories of competition and market performance: multimarket competition and the source of potential entry. part 2
- Abstracts: Trading forward in an imperfect market: the case of electricity in Britain. Spot market competition in the UK electricity industry
- Abstracts: Trade and growth in small states: the impact of global trade liberalization. Safeguard provisions and international trade agreements involving services
- Abstracts: Organizational form and efficiency: evidence from Indian sugar manufacturing. Impact of central planning on production efficiency: the case of the cotton yarn industry in China