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, a transaction cost approach is used to analyse quality control issues in international education and the authors conclude that there is a risk of opportunism and bounded rationality in license arrangements, thus universities need to monitor the contracts and their implementation carefully.
Abstract: Education institutions worldwide have and continue to seek opportunities to spread their offerings abroad. While the provision of courses to students located overseas through partner institutions has many advantages, it raises questions about quality control that are not as applicable to other forms of international education. This paper uses a transaction cost approach to analyse quality control issues. Australian University Quality Agency reports supply the data. The paper concludes that there is a risk of opportunism and bounded rationality in license arrangements, thus universities need to monitor the contracts and their implementation very carefully. Specifically, systems are required to ensure equivalence of entry, teaching and assessment standards, the financial viability of the partners and the accuracy of their marketing material.
34 citations
TL;DR: In this paper, a qualitative case study of a major project-based organization reveals the impact of these mechanisms, and more pointedly, how they interact and often reinforce each other, and managers need to reflect holistically on their interactions in order to establish collaborative, rather than opportunistic behaviors.
34 citations
TL;DR: In this paper, a structural equations model based on a prisoner's dilemma logic is presented to analyze the unique effects of trust between corporate customers and their banks and its corporate customers on the perception of risk.
Abstract: Purpose – Trust is a crucial element of a viable banking industry. In the corporate market though, the characteristics of the relationships between each corporate customer and the bank is a double-sided problem. Both parties might trust the other or choose to behave opportunistically. The paper aims to discuss these issues. Design/methodology/approach – The authors have analyzed the effects of inter-organizational trust and opportunism on the perception of risk. The paper presents a structural equations model based on a prisoner's dilemma logic to analyze the unique effects of trust between corporate customers and their banks and its corporate customers. Findings – The results based on 252 bank – corporate bank customers relationships reveal an intriguing mixed strategy between trust from one party and opportunism from the other. Research limitations/implications – The implication is that mutual trust seems to reduce the perception of risk in the market while bank opportunism significantly escalates perce...
34 citations
TL;DR: This paper explored the relationship between an ethnic-based social network and vertical integration decisions in the laundry services industry and found that stores in the social network are significantly less likely to vertically integrate than nonmember stores.
Abstract: This article explores the relationship between an ethnic-based social network and vertical integration decisions in the laundry services industry. We find that stores in the social network are significantly less likely to vertically integrate than nonmember stores. This has three primary implications. First, the social network may be lowering the costs of using the market more than facilitating in-house production. This implies better outsourcing opportunities in a social network and may explain a documented relationship between social networks and firm economic performance. Second, institutional details of our example and the estimated relationship suggest a role for opportunism and reputation as determinants of the boundaries of the firm in a setting without asset specificity. Finally, although we provide evidence that better access to credit can increase the likelihood of vertical integration, we show that better outsourcing opportunities have a dominant effect of the social network in this particular setting. The Author 2009. Published by Oxford University Press on behalf of Yale University. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org, Oxford University Press.
34 citations
Journal Article•
TL;DR: In this paper, the authors present evidence that private interests of managers, controlling shareholders, and other insiders affect corporate actions and the structure of the legal system, and that such interests have a significant effect on both aspects in the growingly important context of foreign listing.
Abstract: To what extent do private interests of managers, controlling shareholders, and other insiders affect corporate actions and the structure of the legal system? This Article presents evidence that such interests (hereinafter “managerial opportunism,” for brevity) have a significant effect on both aspects in the growingly important context of foreign listing. Modern analyses of the corporate form invariably revolve around the agency problem,1 and “corporate governance” is widely understood today to constitute the means for coping with this problem.2 Shleifer and Vishny, for instance, provide a thorough review of the theoretical and empirical literature on the relations between corporate governance and the agency problem.3 In particular, they discuss the interplay between legal rules and shareholding structures as alternative means for curbing adverse
34 citations