Capabilities, contractual hazards, and governance: Integrating resource-based and transaction cost perspective

Article Abstract:

A study addresses independent and joint effects of contractual hazards and technological capabilities on governance, arguing that strong technological capabilities help to improve a firm's ability to govern transactions that makes outsourcing feasible in spite of contractual hazards. The results of the examination on a random sample of 405 service contracts showed that contractual hazards encouraged internalizing transactions.

Use of services, Contracts & orders received, Contracts & orders let, Contracts, Contract agreement, Outsourcing

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High-involvement management and workforce reduction: Competitive advantage or disadvantage?

Article Abstract:

The moderating effects that layoffs have on the relationship between high-involvement work practices and work place productivity and the manner in which continued investments in these work practices throughout layoff periods maintain workforce productivity are discussed. Results reveal a negative relationship between high-involvement work practices and productivity in work places with higher layoff rates.

Production management, Layoffs, Layoff

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Stewards, agents, and the founder discount: Executive compensation in new ventures

Article Abstract:

The interplay between agency and stewardship theories, wherein the two are complementary, are examined in the context of new ventures. Results reveal Significant differences were seen between founder-stewards and nonfounder agents that diminished with the growth of the company, and significant effects of equity ownership and outside rounds of financing.

Joint ventures, Growth, Company joint venture, Company growth

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