A Theory of Partnerships∗
نویسندگان
چکیده
We compare the costs and benefits of partnerships relative to the corporate form of organization. We show that organizing as a partnership can be desirable in humancapital intensive industries where product quality is hard to observe. The theory explains the relative scarcity of partnerships outside of professional service industries such as law, accounting, medicine, investment banking, architecture, advertising, and consulting. It also helps to explain features of partnerships in these industries such as the up-or-out system and motives for profit-sharing, and why firms in some professional service industries have been converting to investor-ownership.
منابع مشابه
Koreaâs Growth, Trade and Energy Imports: New Evidence for Regional Comprehensive Partnership Analysis
The paper uses economic and energy data analysis and econometric modeling to study the prospects and challenges of Koreaâs 2003 FTA Roadmap (MOFAT 2013) in the form of potential comprehensive partnerships with its major trade and energy partners. It first reviews Koreaâs international economic and trade relations in recent years with a focus on its major merchandise export destinations an...
متن کاملEvaluating Global Health Partnerships: A Case Study of a Gavi HPV Vaccine Application Process in Uganda
Background Global health partnerships have grown rapidly in number and scope, yet there has been less emphasis on their evaluation. Gavi, the Vaccine Alliance, is one such public-private partnership; in Gavi-eligible countries partnerships are dynamic networks of immunization actors who work together to support all stages and aspects of Gavi support. This paper describes a conceptual framework ...
متن کاملAll Health Partnerships, Great and Small: Comparing Mandated With Emergent Health Partnerships; Comment on “Evaluating Global Health Partnerships: A Case Study of a Gavi HPV Vaccine Application Process in Uganda”
The plurality of healthcare providers and funders in low- and middle-income countries (LMICs) has given rise to an era in which health partnerships are becoming the norm in international development. Whether mandated or emergent, three common drivers are essential for ensuring successful health partnerships: trust; a diverse and inclusive network; and a clear governance structure. Mandated and ...
متن کاملBalancing power: A grounded theory study on partnership of academic service institutes
Introduction: Governments and professional organizationshave called for new partnerships between health care providersand academics to improve clinical education for the benefit ofboth students and patients. To develop a substantive groundedtheory on the process of forming academic-service partnershipsin implementing clinical education, from the perspective ofacademic and clinical nursing staff...
متن کاملPublic-Private Partnerships (PPPs) in Urban Housing in Nigeria: Evidence from Ogun State
There is a consensus among housing experts and policy makers that there are not enough resources for government alone to address growing urban housing challenges in many developing countries. Consequently, a paradigm shift from government provision to partnerships between the public and private sectors is advocated. This study examined the prospects and challenges of Public-Private Partnerships...
متن کاملIdeas for Extending the Approach to Evaluating Health in All Policies in South Australia; Comment on “Developing a Framework for a Program Theory-Based Approach to Evaluating Policy Processes and Outcomes: Health in All Policies in South Australia”
Since 2008, the government of South Australia has been using a Health in All Policies (HiAP) approach to achieve their strategic plan (South Australia Strategic Plan of 2004). In this commentary, we summarize some of the strengths and contributions of the innovative evaluation framework that was developed by an embedded team of academic researchers. To inform how the use of HiAP is evaluated mo...
متن کامل