Topic
Opportunism
About: Opportunism is a research topic. Over the lifetime, 2030 publications have been published within this topic receiving 97170 citations. The topic is also known as: opportunist.
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TL;DR: In this paper, the authors present an approach to solve the SRSN problem by using a set of SIFT-based features, which are then used to calculate the SINR.
Abstract: The article of record as published may be located at http://dx.doi.org/10.2139/ssrn.571922
10 citations
TL;DR: An incomplete contracts approach is used to show that the anticipation and observability of opportunistic behavior are typically not enough to prevent it when parties can renegotiate contractual outcomes, and limits the effectiveness of contractual incentives.
Abstract: After a contract is signed, contracting partners may engage in opportunistic behavior aimed at circumventing the original intention of the agreement governing their business relationship, complying...
10 citations
TL;DR: In this article, the authors focus on simple contracts as a solution, that is, an agreement-as-bargain in a CoEP not made in deed but made in reason, so that each party to the arrangement, has "dignity".
Abstract: Purpose – The purpose of this paper is twofold: first to add to the debate on trust and opportunism within transaction cost economics (TCE) and second to describe a partial solution, a code of ethical practice (CoEP) originating in Kant's moral philosophy.Design/methodology/approach – The methodology has centred on ethical values of right and wrong within an organisation in terms of fulfilling one's duty.Findings – The contracting or exchange objective in any transaction is to arrive at a mutually satisfactory outcome, an equilibrium point. With opportunism, a free rider problem may well arise; if so, a partial solution emerges. This has to be avoided. In this paper, the authors focus on simple contracts as a solution, that is, an agreement‐as‐bargain in a CoEP not made in deed but made in reason, so that each party to the arrangement, has “dignity”. The avoidance of an ethical dilemma in not fulfilling one's duty is linked to the role of trust in TCE.Practical implications – It is argued that the decisio...
10 citations
TL;DR: In this paper, the authors used transaction cost politics (TCP) developed from transaction cost economics and economic analysis, to analyze the business relationship building between the Hongkong and Shanghai Banking Corporation (HSBC), the largest and most successful foreign bank in China, and the Chinese government between 1949 and 1978.
Abstract: We use the tools of transaction cost politics (TCP) developed from transaction cost economics and economic analysis, to analyze the business relationship building between the Hongkong and Shanghai Banking Corporation (HSBC), the largest and most successful foreign bank in China, and the Chinese government between 1949 and 1978. We demonstrate the value of the TCP-based approach to evaluating the specialized governance structure of commitment built on mutual dependency. In particular, we identify several transaction attributes that give rise to hazards: transaction uncertainty, the role of the government in the economy, and the strength of the supporting coalition. Our analysis also confirms that commitment built on the mutual dependency between the international company and the local authorities and between the international company's home country authorities and the local authorities did reduce the company's transaction costs by guarding against the local authorities' opportunism.
10 citations
01 Mar 2003
TL;DR: In this article, the authors argue that the immediate cause of the collapse of Nigeria's democracy was the failure of the young democratic government to respond to the challenge posed by military opportunism through adequate civilian control strategies.
Abstract: : This thesis seeks to demonstrate that such structural explanations as economic underdevelopment, ethnic fragmentation, and political corruption for the collapse of democracy in Nigeria in 1966, are insufficient This study further demonstrates that the immediate cause of the collapse was the failure of the young democratic government to respond to the challenge posed by military opportunism through adequate civilian control strategies The thesis argues that democratization is attainable in Nigeria if elected governments devise appropriate control strategies to check military opportunism while strengthening and legitimizing their own rule It acknowledged that the first government of Nigeria's Fourth Republic, installed on May 29 1999, appears to have learned this lesson The thesis concludes that constant vigilance on the part of successive governments will be essential as the Fourth Republic passes through the long process of democratic transition and consolidation
10 citations