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Journal ArticleDOI

The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting.

Robert G. Eccles, +1 more
- 01 Dec 1987 - 
- Vol. 32, Iss: 4, pp 602
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This article is published in Administrative Science Quarterly.The article was published on 1987-12-01. It has received 2157 citations till now. The article focuses on the topics: Capitalism & Institutional economics.

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Property Rights and the Nature of the Firm

TL;DR: In this article, the authors provide a framework for addressing the question of when transactions should be carried out within a firm and when through the market, by identifying a firm with the assets that its owners control.
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Formal and Real Authority in Organizations

TL;DR: In this article, the authors developed a theory of the allocation of formal authority and real authority within organizations, and illustrated how a formally integrated structure can accommodate various degrees of "real" integration.
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In Search of Complementarity in Innovation Strategy: Internal R&D and External Knowledge Acquisition

TL;DR: This paper uses a productivity and an adoption approach, while including a search for contextual variables in the firms strategy that affects complementarity, to analyze complementarity between innovation activities: internal research and development (R&D) and external knowledge acquisition.
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Cultural Beliefs and the Organization of Society: A Historical and Theoretical Reflection on Collectivist and Individualist Societies

TL;DR: In this article, a comparative historical analysis of the relations between culture and institutional structure is presented, showing the theoretical importance of culture in determining institutional structures, in leading to their path dependence, and in forestalling successful intersociety adoption of institutions.
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Alliances in Industrial Purchasing: The Determinants of Joint Action in Buyer-Supplier Relationships:

TL;DR: In industrial markets, buyers and sellers are increasingly replacing conventional "arm's length" arrangements with "alliances" involving closer ties as discussed by the authors, and the authors of this paper have developed a new approach to deal with this trend.