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Author:Leiblein, M.J.
Title:The choice of organizational governance form and performance: Predictions from transaction cost, resource-based, and real options theories
Journal:Journal of Management
2003 : VOL. 29:6, p. 937-961
Index terms:Corporate governance
Transaction costs
Resources
Options
Theories
Investment
Language:eng
Abstract:This paper develops an approach to organizational governance decisions that recognizes how the choice of organizational governance form affects both the creation and appropriation of economic value. The paper begins with a detailed survey of three theoretical approaches - transaction cost economies (TCE), the resource-based view (RBV), and real options analysis (ROA) to the study of organizational governance. A concluding section provides a series of propositions for future empirical research that may help to integrate these theories by incorporating notions of both value creation and value appropriation.
SCIMA record nr: 254596
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