Learning and Governance in Inter-Firm Relations
This paper connects theory of learning with theory of governance, in the context of inter-firm relations. It recognizes fundamental criticism of transaction cost economics (TCE), but preserves elements from that theory. The theory of governance used incorporates learning and trust. The paper identifies two kinds of relational risk: hold-up and spillover. For the governance of relations, i.e. the control of relational risk, it develops a box of instruments which includes trust, next to instruments derived and adapted from TCE. These instruments are geared to problems that are specific to learning in interaction between firms. They also include additional roles for go-betweens.
|Keywords||inter-organizational learning, transaction cost economics, trust|
|Publisher||Erasmus Research Institute of Management (ERIM)|
Nooteboom, B.. (2001). Learning and Governance in Inter-Firm Relations (No. ERS-2001-71-ORG). Erasmus Research Institute of Management (ERIM). Retrieved from http://hdl.handle.net/1765/145