Franziska König
Broschiertes Buch

The Uncertainty-Governance Choice Puzzle Revisited

Predictions from Transaction Costs Economics, Resource-Based Theory, and Real Options Theory

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Franziska König examines the nature and effects of uncertainty on governance choice of firms. Despite an innumerable amount of theoretical and empirical efforts that have been undertaken until to date, the relationship between uncertainty and governance choice remains nebulous. On the one hand, there are numerous theoretical approaches suggesting different implications regarding governance choice. For example, while in the face of uncertainty, transaction costs economics (TCE) favors hierarchical governance, real options theory (ROT) promotes more market-based governance solutions. On the oth...