Journal ArticleDOI
Social Knowledge as a Control System: A Proposition and Evidence from the Japanese FDI Behavior
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In this paper, the value of social knowledge as a control mechanism available for an MNC to manage its foreign subsidiaries is defined as one's ability to understand and predict others' general patterns of behavior.Abstract:
Building upon the concept of clans, this paper introduces the value of social knowledge as a control mechanism available for an MNC to manage its foreign subsidiaries Social knowledge is defined as one's ability to understand and predict others' general patterns of behavior The hypotheses are empirically tested with Japanese FDI data into four host countries, the United States, Singapore, Taiwan, and Korea The results offer broad support for the proposition that for MNCs with social knowledge, the need to resort to ownership for control purposes is reducedread more
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Between Trust and Control: Developing Confidence in Partner Cooperation in Alliances
T. K. Das,Bing-Sheng Teng +1 more
TL;DR: In this article, the authors examine the notion of confidence in partner cooperation in alliances and suggest that it comes from two distinct sources: trust and control, and make the argument that their relationship is of a supplementary character in generating confidence.
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International expansion by new venture firms: International diversity, mode of market entry, technological learning, and performance.
TL;DR: This article examined the effects of international expansion, as measured by international diversity and mode of market entry, on a firm's technological learning and the effect of this learning on the firm's financial performance.
Journal ArticleDOI
Trust, Control, and Risk in Strategic Alliances: An Integrated Framework:
T. K. Das,Bing-Sheng Teng +1 more
TL;DR: In this paper, a comprehensive and integrated framework of the three constructs in the context of strategic alliances, contending that trust and control are the two principal antecedents of risk, is proposed.
Journal ArticleDOI
Effective interim collaboration: how firms minimize transaction costs and maximise transaction value
TL;DR: In this paper, the authors empirically examined the conditions under which transactors can simultaneously achieve the twin benejits of high asset specificity and low transaction costs and found that transaction costs do not necessarily increase with an increase in reiation-speciq investments.
Journal ArticleDOI
The effect of cultural distance on entry mode choice, international diversification, and MNE performance: a meta-analysis
TL;DR: In this paper, the authors examined the relationship of cultural distance with entry mode choice, international diversification, and MNE performance by meta-analyzing data from 66 independent samples, with cumulative sample sizes ranging from 2,255 to 24,152.
References
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Journal ArticleDOI
The Market for “Lemons”: Quality Uncertainty and the Market Mechanism
TL;DR: In this paper, the authors present a struggling attempt to give structure to the statement: "Business in under-developed countries is difficult"; in particular, a structure is given for determining the economic costs of dishonesty.
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Markets and Hierarchies: Analysis and Antitrust Implications.
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Transaction-Cost Economics: The Governance of Contractual Relations
TL;DR: For instance, the authors argues that if transaction costs are negligible, the organization of economic activity is irrelevant, since any advantages one mode of organization appears to hold over another will simply be eliminated by costless contracting.
Journal ArticleDOI
Production, Information Costs, and Economic Organization
Armen A. Alchian,Harold Demsetz +1 more
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