| The Uncertainty-Governance Choice Puzzle Revisited: Predictions from Transaction Costs Economics, Resource-Based Theory, and Real Options Theory 2009 Edition Contributor(s): König, Franziska (Author), Mellewigt, Prof Dr Thomas (Foreword by) |
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ISBN: 3834915335 ISBN-13: 9783834915337 Publisher: Gabler Verlag OUR PRICE: $52.24 Product Type: Paperback Published: March 2009 |
| Additional Information |
| BISAC Categories: - Business & Economics | Management - General - Business & Economics | Strategic Planning |
| Dewey: 650 |
| Series: Beitr GE Zur Betriebswirtschaftlichen Forschung |
| Physical Information: 0.75" H x 5.83" W x 8.27" (0.95 lbs) 341 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Franziska K nig 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 K nig approaches the theoretical and empirical puzzle in a systematical way and her results materially advance current research. Firstly, Franziska K nig 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 K nig provides a thorough examination of the state-of-the-art regarding empirical research. |