Title: Asset Specificity,Sunk Investment and Governance Structure Analysis:Views of Transaction Costs and Firm Capabilities
Abstract: The traditional analysis of governance structures is limited to transaction costs only. Actually, it should involve both firm capability and transaction costs. Assets specificity and sunk investment are closely related to each other, and sunk investment influnces a firm's capabilities and attributes of transaction.Through expandition of the attributes of transaction, a new framework of governance analysis and a model for emperical test are proposed.
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot