Reconstructing Corporate Business History using Accounting Data

This paper attempts to outline a methodology for reconstructing the history of big enterprise. The problem is to construct an institutional narrative that captures the essential dynamics of corporate institution creation, institutional change, development into a large corporation and its maturity. It is argued that accounting data can be one of the most important inputs in this regard. However, accounting data is necessary but not sufficient for a complete account of the history of a large corporate enterprise. Similarly, other sources of information are necessary but not sufficient for the above purpose without accounting data. This paper focuses on the use of accounting data for reconstructing corporate history and also addresses partially how such data can be combined with other sources of information to provide a complete story. We delve briefly into the nature of accounting data and the structure of accounting record keeping. Reconstructing corporate history involves asking appropriate questions on financial structure, capital budgeting and investments, operations and strategy that accounting data reveal.Corporate Business History, Accounting Data

Organizing otherwise: translating anarchism in a voluntary sector organization

Although foundational texts in Critical Management Studies (CMS) pointed to the empirical significance of anarchism as an inspiration for alternative ways of organizing (Burrell, 1992), relatively little work of substance has been undertaken within CMS to explore how anarchists organize or how anarchist principles of organization might fare in other contexts. This paper addresses this gap by reporting on the experiences of a UK Voluntary Sector Organization (VSO) seeking to adopt non-hierarchical working practices inspired by anarchism. The paper analyses this process of organizational change by examining how ideas and practices are translated and transformed as they travel from one context (direct action anarchism) to another (the voluntary sector). Whilst the onset of austerity and funding cuts created the conditions of possibility for this change, it was the discursive translation of 'anarchism' into 'non-hierarchical organizing' that enabled these ideas to take hold. The concept of 'non-hierarchical' organization constituted an open space that was defined by negation and therefore capable of containing a multiplicity of meanings. Rather than having to explicitly embrace anarchism, members were able to find common ground on what they did not want (hierarchy) and create a discursive space for democratically determining what might replace it

Framing China: Transformation and Institutional Change

The paper offers a frame for investigating the extent to which decentralisation, and subsequent locally chosen institutions shape private organisational and institutional innovation. To include the numerous locally based “economic regimes†matters as the resulting business system reflects political institution setting and private organisational innovation. Such a frame is a necessary first step for empirical studies attempting to explain the heterogeneity of China’s business systems, the emergence of hybrid organisations, and last but none the least, the different growth rates that can be observed across China.Transition Economy;Institutional Change in China;Private Business Sector

Communication Network Design: Balancing Modularity and Mixing via Optimal Graph Spectra

By leveraging information technologies, organizations now have the ability to design their communication networks and crowdsourcing platforms to pursue various performance goals, but existing research on network design does not account for the specific features of social networks, such as the notion of teams. We fill this gap by demonstrating how desirable aspects of organizational structure can be mapped parsimoniously onto the spectrum of the graph Laplacian allowing the specification of structural objectives and build on recent advances in non-convex programming to optimize them. This design framework is general, but we focus here on the problem of creating graphs that balance high modularity and low mixing time, and show how "liaisons" rather than brokers maximize this objective

Integrating IT-Enabled Social Networks with Transaction Cost Economics and the Resource Based View of the Firm

Prior research has mostly focused on transaction cost economics (TCE) to interpret the effect of information systems (IS) on organizational governance structures. A TCE based approach predicts that information technology (IT) will lead to increased use of electronic markets to coordinate economic transactions from electronic hierarchies. However, there is contradictory evidence in the literature regarding the rise and importance of cooperative relationships, joint ventures, and value-added partnerships integrated through information systems. To reconcile these contradictions, this paper analyzes the effect of IT on governance structures based on the TCE, social network theory, and the resource based view (RBV) of the firm. The most important aspect of this paper is that instead of overemphasizing the economic perspective, as has been done in prior IS research, it pays equal attention to economic, social, and knowledge perspectives of the firm. By considering variables such as product demand uncertainty, human specificity, task complexity, and frequency of interaction, the effect of IT on governance structure has been analyzed. In this paper, we suggest that, in knowledge intensive companies, a greater degree of outsourcing will take place, not through markets as hypothesized by earlier researchers, but through an increasing number of social networks. This differentiation can not be understood in simple economic terms because social networks are not based on contracts. Therefore, we suggest that the integration of IT-enabled social networks with the TCE and RBV of the firm leads to a better understanding and improvement of decision-making and corporate governance structures in knowledge intensive firms

Governance-technology co-evolution and misalignment in the electricity industry

This paper explores some reasons why the alignment between governance and technology in infrastructures may be unstable or not easy to achieve. Focusing on the electricity industry, we claim that the decentralization of governance – an essential step towards a decentralized technical coordination - may be hampered by if deregulation magnifies behavioural uncertainties and asset specificities; and that in a technically decentralized system, political demand for centralized coordination may arise if the players are able to collude and lobby, and if such practices lead to higher electricity rates and lower efficiency. Our claims are supported by insights coming from approaches as diverse as transaction cost economics, the competence-based view of the firm, and political economy.Governance; Technology; Coherence; Competence; Transaction costs; Regulation.

Industrial districts as organizational environments: resources, networks and structures

The paper combines economic and sociological perspectives on organizations in order to gain a better understanding of the forces shaping the structures of industrial districts (IDs) and the organizations of which they are constituted. To effect the combination , the resource based view (RBV) and resource dependency theory are combined to explain the evolution of different industry structures. The paper thus extends work by Toms and Filatotchev by spatializing consideration of resource distribution and resource dependence. The paper has important implications for conventional interpretations in the fields of business and organizational history and for the main areas of theory hitherto considered separately, particularly the Chandlerian model of corporate hierarchy as contrasted with the alternative of clusters of small firms coordinated by networks