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 article, the authors explore ways in which organizations deal with problems of opportunism and imperfect information in contracting across the sectors, including higher education and welfare reform, in cross-sectoral partnerships.
Abstract: Increasingly, nonprofit, for-profit, and public organizations have been cooperating in producing and distributing a wide range of goods and services. In many cases, the partnerships have arisen from the recognition that different activities are best suited to different governance structures. Yet, working through a cross-sectoral partnership can bring with it complicated managerial issues. This article explores partnering in two important sectors: higher education and welfare reform. In both areas, cooperation across the sectors is widespread and follows lines of comparative advantage. At the same time, there is ample evidence in our cases of classic transactions costs in implementing cross-sectoral partnerships. The article explores ways in which organizations deal with problems of opportunism and imperfect information in contracting across the sectors.
80 citations
TL;DR: The authors used agency theory to examine CEO dismissal in venture capital-backed firms and found that the approach reduced managerial opportunism by aligning the interests of the interests in the companies. But this approach focused on reducing managerial opportunistic behavior.
Abstract: This study uses agency theory to examine CEO dismissal in venture capital-backed firms. Prior applications of agency theory have focused on reducing managerial opportunism by aligning the interests...
79 citations
TL;DR: In this paper, the role of functional conflict in importer-exporter relationships was investigated and it was found that functional conflict is related positively to exporter cultural sensitivity and asset specificity and negatively to exporters' opportunism.
79 citations
TL;DR: In this paper, the authors argue that the Russian leadership pursues a rational set of political and economic goals in its foreign energy policy, but that it is constrained in its efforts by the set of tools available to it.
78 citations
Posted Content•
01 Jan 2007
TL;DR: Lambsdorff as discussed by the authors argues that corrupt actors are more influenced by other factors such as the opportunism of their criminal counterparts and the danger of acquiring an unreliable reputation, and suggests a novel strategy for fighting corruption similar to the invisible hand that governs competitive markets.
Abstract: Corruption has been a feature of public institutions for centuries yet only relatively recently has it been made the subject of sustained scientific analysis. Lambsdorff shows how insights from institutional economics can be used to develop a better understanding of why corruption occurs and the best policies to combat it. He argues that rather than being deterred by penalties, corrupt actors are more influenced by other factors such as the opportunism of their criminal counterparts and the danger of acquiring an unreliable reputation. This suggests a novel strategy for fighting corruption similar to the invisible hand that governs competitive markets. This strategy - the 'invisible foot' - shows that the unreliability of corrupt counterparts induces honesty and good governance even in the absence of good intentions. Combining theoretical research with state-of-the-art empirical investigations, this book will be an invaluable resource for researchers and policy-makers concerned with anti-corruption reform.
78 citations