Business and Politics
نویسندگان
چکیده
This paper compares the economic efficiency of firm-agency governance structures for pollution reduction using transaction costs economics. Two governance structures are analyzed with the transaction costs approach: command and control regulation (CCR) and negotiated agreements (NAs). We propose that the choice of governance structure depends on the strategies firms pursue given the attributes of their transactions and their market opportunities. The application of transaction cost economics analysis leads to different choices of regulatory instruments. Firms in more mature, stable industries are likely to choose command and control, while firms in new, dynamic sectors are more likely to opt for negotiated agreements. Frequency of transactions is a key factor in firm choice.
منابع مشابه
Relationship Between Perceived Organizational Politics, Organizational Trust, Human Resource Management Practices and Turnover Intention Among Nigerian Nurses
Prior research has indicated that employee turnover is detrimental to both individuals and organisations. Because a turnover intention in the workplace is detrimental, several factors have been suggested to better understand the reasons why employees may decide to leave their organisations. Some of the organizational-related factors that have been considered by previous research include perceiv...
متن کاملPolitics of Performance Appraisal Effects: A Study of Aviation Industry of Islamabad
The organizational life pervaded with politics (some organizations more than others are). Hence, political behavior is an ordinary part of the Performance Appraisals (PAS) processes and PAS are highly prone by politics. Politics is an important determinant in the pay systems as both supervisors and subordinates have possibilities to influence the results of the appraisal process. The overall at...
متن کاملOlympic Medals, Economy, Geography and Politics from Sydney to Rio
T he paper uses Heckman model to examine the statistical importance of over 140 independent variables on the Olympic performance of all countries participating in the Summer Olympic Games from Sydney 2000 to Rio 2016. We find that countries which export more products have a higher likelihood of winning an Olympic medal than their counterparts exporting fewer products, and explain why...
متن کاملVarieties of Residential Capitalism in the International Political Economy: Old Welfare States and the New Politics of Housing
the International Political Economy: Old Welfare States and the New Politics of Housing Herman Schwartz and Leonard Seabrooke Politics Department, PO Box 400787, University of Virginia, Charlottesville, VA 22904-4787, USA. E-mail: [email protected] International Center for Business and Politics, Copenhagen Business School, Steen Blichers Vej 22, Frederiksberg 2000, Denmark. E-mail: ls.cbp@c...
متن کاملThe "Bad Man" Goes to Washington: The Effect of Political Influence on Corporate Duty
Follow this and additional works at: http://scholarship.law.upenn.edu/faculty_scholarship Part of the American Politics Commons, Business Law, Public Responsibility, and Ethics Commons, Business Organizations Law Commons, Economics Commons, Ethics and Political Philosophy Commons, Law and Economics Commons, Law and Politics Commons, Legal Ethics and Professional Responsibility Commons, Legal Pr...
متن کامل