The Uncertainty-Governance Choice Puzzle Revisited: Predictions from Transaction Costs Economics, Resource-Based Theory, and Real Options Theory by Franziska KönigThe Uncertainty-Governance Choice Puzzle Revisited: Predictions from Transaction Costs Economics, Resource-Based Theory, and Real Options Theory by Franziska König

The Uncertainty-Governance Choice Puzzle Revisited: Predictions from Transaction Costs Economics…

byFranziska KönigForeword byProf. Dr. Thomas Mellewigt

Paperback | March 25, 2009

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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 other hand, empirical research has been adopting an innumerable amount of different operationalizations and has presented in part divergent empirical results. As a consequence the strategic management literature has not been able to advise management practice on which governance form to choose in the face of different uncertainty problems. Franziska König approaches the theoretical and empirical puzzle in a systematical way and her results materially advance current research. Firstly, Franziska König suggests a more formal, circumstance-based categorization of uncertainty-governance choice relationships that allows integrating different theoretical explanations and resolving empirical anomalies. Subsequently, she adopts a mul- dimensional, circumstance-based lens to investigate the contributions of three theoretical frameworks, i. e. , TCE, Resource-Based View (RBV), and ROT, and therewith to gain a deeper understanding of uncertainty-governance choice problems. Secondly, Franziska König provides a thorough examination of the state-of-the-art regarding empirical research.
Dr. Franziska König promovierte als externe Doktorandin bei Prof. Dr. Thomas Mellewigt am Lehrstuhl für Unternehmensführung, insb. Wertschöpfungsorientiertes Wissensmanagement, an der Freien Universität Berlin. Sie ist derzeit als Managerin für Ressourcenplanung bei einer internationalen Unternehmensberatung tätig.
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Title:The Uncertainty-Governance Choice Puzzle Revisited: Predictions from Transaction Costs Economics…Format:PaperbackDimensions:357 pagesPublished:March 25, 2009Publisher:Gabler VerlagLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3834915335

ISBN - 13:9783834915337

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Table of Contents

Definitions of Uncertainty; Theoretical Perspectives on Uncertainty-Governance-Choice Relationships including TCE, RBT, ROT; A Review of Recent Empirical Research (including Vote-Counting); Reconciling Theoretical Perspectives: A Resolution of Three Recent Debates; Empirical Data: A Policy-Capturing Study in the Context of Strategic Alliances