14 research outputs found
What lies between market and hierarchy? Insights from internalization theory and global value chain theory
In this paper, we suggest that internalization theory might be extended by incorporating complementary insights from GVC theory. More specifically, we argue that internalization theory can explain why lead firms might wish to externalize selected activities, but that it is largely silent on the mechanisms by which those lead firms might exercise control over the resultant externalized relationships with their GVC partners. We advance an explanation linking the choice of control mechanism to two factors: power asymmetries between the lead firms and their GVC partners, and the degree of codifiability of the information to be exchanged in the relationship
Embedding CSR Values: The Global Footwear Industry’s Evolving Governance Structure
corporate social responsibility, global value chains, Nike, athletic footwear industry, governance,