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Specific Investments, Opportunism And Corporate Contracts: A

Di: Stella

This paper investigates the multiple mediating effects of opportunism and cooperation on the relationship between relationship- specific investments and partnership

This paper discusses how problems of eco-opportunism in metals markets escalate due to market failures because of the increasing scarcity of precious metals. Establishing the right sourcing What mechanisms are available to protect the parties to such invest- ments from their years local social capital has own and their partners‘ opportunism? Economists have presented three conflicting lines of argument. Companies invest in assets expecting returns, but not all assets are equally flexible. Some are highly specialized, making them difficult to repurpose or sell without losing

Management entrenchment: The case of manager-specific investments

Transactions Costs and the Scope of the Firm - ppt download

Opportunism in Sequential Investment Settings: On Strategies for Overcoming Holdups and Holdouts by Thomas J. Miceli* and Kathleen Segerson** Abstract: Economic theory suggests Study with Quizlet and memorize flashcards containing terms like Which of the following is not a means of avoiding opportunism? a) contracts. b) spot exchange. c) vertical integration. d) long

Redirecting to /core/journals/european-business-organization-law-review-ebor/article/abs/specific-investments-opportunism-and-corporate-contracts-a-theory-of-tag-along-and-drag-along Study with Quizlet and memorize flashcards containing terms like business strategy, corporate strategy, corporate strategy and more.

Possible supply problems (i.e.,“hold-up problem”) • Contracting n n Specialization, reduces opportunism, avoids skimping on specialized investments Costly in complex environments,

What mechanisms are available to protect the parties to such invest- ments from their own and their partners‘ opportunism? Economists have presented three conflicting lines of argument. Williamson (1979, p. 234) argues that opportunism is a central concept in the study of transaction costs, and that opportunism is especially relevant for economic activity involving transaction Study with Quizlet and memorize flashcards containing terms like Which of the following is not a benefit associated with producing inputs within a firm? A. Gains of specializing B. Mitigation of

Study with Quizlet and memorize flashcards containing terms like Transaction-specific (unique and valuable) investments make parties to an exchange vulnerable to being taken advantage

Managing Business-to-Business Customer Relationships

Contracts may become inadequate to govern supplier transac­tions when supplier opportunism becomes difficult to detect, when firms make specific investments in assets they Conrad S Ciccotello Chris J Muscarella Contracts between managers and investors: a study of master limited partnership agreements Journal of Corporate Finance7no.1(Mar 2001)1–23

• Superior coordination • Avoids transactions costs of market contracts from: — small numbers of firms — transaction-specific investments — opportunism and strategic misrepresentation —

Section 15 –The Public Funds Investment Act 2017 Basics of County ...

1 Introduction In recent years, local social capital has gained significant attention from policymakers, practi-tioners, and academic researchers. Viewed from a societal perspective, The vertically integrated U form organization threat of opportunism is the least when a party to an exchange has made transaction-specific investments. False The use of budgets in a vertically integrated U-form organization can lead

  • Management entrenchment: The case of manager-specific investments
  • How to protect specific investments from opportunism: A mode
  • Social Capital, Opportunism, and Corporate Acquisition
  • Opportunism in Corporate Management

impact on employee decisions to make firm-specific investments, independent of the threat of opportunism that might exist in a particular exchange. We further explore

“ Specific Investments, Contracts, and Opportunism: The Evolution of Railroad Sidetrack Agreements,“ Journal of Law and Economics, University of Chicago Press, vol. 34 (2), pages It is also aimed at identifying opportunistic attitudes in corporate operation and at indicating the ways to limit such attitudes. While analysing the role of opportunism in corporate management,

Study with Quizlet and memorize flashcards containing terms like The key question of where to compete is addressed by Blank______. Multiple choice question. differentiation corporate When corporate production requires more than one individual or group to make specific investments, problems of intrafirm opportunism arise as shareholders try to exploit each other Transaction-specific investments make parties to an exchange vulnerable to opportunism,and vertical integration solves this vulnerability problem.

Vertical Integration Flashcards

When corporate production requires more than one individual or group to make specific investments, problems of intrafirm opportunism arise if shareholders try to exploit each other’s

Backward vertical integration. Transaction-specific investment. Opportunism. Transaction-specific investment The ________ logic suggests that compensation that has a fixed and known Study with Quizlet and memorize flashcards containing terms like Long-term contracts become longer a. when specialized investment becomes more important b. when the exchange

We describe how managers can entrench themselves by making manager-specific investments that make it costly for shareholders to replace them. By making manager-specific Study with Quizlet and memorize flashcards containing terms like relationship-specific investments a particular company or value (aka, „opportunism“ or „hold-up“), difference between business unit strategy and First, the contract failure result implies that the true challenge of the hold-up problem may lie with the nature of specific investments – either the ‘cooperative’ nature or the

Keywords Corporate Governance Transaction Cost Corporate Finance Specific Investment Enforcement Cost These keywords were added by machine and not by the Working Paper: SPECIFIC INVESTMENTS, CONTRACTS, AND OPPORTUNISM: THE EVOLUTION OF RAILROAD SIDETRACK AGREEMENTS (1990) This item may be available

In economics, the hold-up problem is central to the theory of incomplete contracts, and shows the difficulty in writing complete contracts. A hold-up problem arises when two factors are present: For each contract, measures of the duration of contractual commitments agreed to by the parties at the contract execution stage and measures of the importance of relationship The threat of opportunism is greatest when a party to an exchange has made what are called transaction-specific investments. A transaction-specific investment is any investment in an

Procuring Inputs: Spot Exchange, Contracts, & Integration

Specific investments, which are tailored to a particular company or value-chain partner, are important components of firms‘ marketing strategies. At the same time, extant theory suggests