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Learning and Governance in Inter-Firm Relations

Nooteboom,B.
Abstract
This article connects theory of learning with theory of governance, in the context of inter-firm relations.It recognizes fundamental criticism of transaction cost economics (TCE), but preserves elements from that theory.Two kinds of 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 includes roles for gobetweens.Some references to empirical evidence are included.
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Pagination: 19
Date
2005
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Tilburg University Research Output Collection
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Keywords
Inter-firm alliances, learning, transaction costs, governance, D23 - Organizational Behavior ; Transaction Costs ; Property Rights, D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness, L14 - Transactional Relationships ; Contracts and Reputation ; Networks, L24 - Contracting Out ; Joint Ventures ; Technology Licensing
Citation
Nooteboom, B 2005 'Learning and Governance in Inter-Firm Relations' CentER Discussion Paper, vol. 2005-38, Organization, Tilburg.
URI
https://hdl.handle.net/20.500.14602/27323
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info:eu-repo/semantics/restrictedAccess
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