Relational exchanges versus arm’s-length transactions during institutional transitions

Institutional transitions, Relational exchanges, Arm’s-length transactions,

How Network Strategies and Institutional Transitions Evolve in Asia

This article contributes to the literature on network strategies and institutional transitions in emerging economies in Asia by identifying a realistic, intermediate phase between the early and late phases of institutional transitions suggested by Peng (2003). Focusing on the intermediate phase, we advance two arguments based on network strength and network content. First, in terms of network strength, we leverage earlier insights that networks can be classified as strong ties and weak ties. Consequently, we suggest that as institutional transitions unfold, strong-tie-based networks, instead of being phased out, are being transformed into weak-ties-based networks. Second, from a network content standpoint, we argue that the various scale and scope of institutional transitions shape the content of different networks which focus on business-to-government (B2G) ties and business-to-business (B2B) relationships. Our propositions delineate how different transitions of political and legal institutions affect the evolution of B2G and B2B networks. Overall, we suggest that networks not only differ in strength but also in content, and that their evolution is driven by the impact of different dimensions of institutional transitions governing B2G and B2B relationships. Copyright Springer Science + Business Media, Inc. 2005network strategies, institutional transitions, evolution, Asia,

Theories of the (state-owned) firm

State-owned enterprises (SOEs) contribute approximately 10% of the world’s GDP. SOEs at one time were predicted to disappear from the economic landscape of the world, but today SOEs are growing more prevalent in the world economy. The current theories of the firm that form the pillars of the management discipline largely ignore the theoretical differences that SOEs introduce into the conceptualization of the firm. Therefore, we extend four core theories of the firm by incorporating SOEs as a mainstream (not special or marginal) organizational form into these theories. We focus specifically on property rights theory, transaction cost theory, agency theory, and resource-based theory, culminating in a research agenda with 12 testable propositions

Taxonomizing the relationship between biology and economics : a very long engagement

The original publication is available at http://www.springerlink.com Copyright Springer [Full text is not available in the UHRA]This paper taxonomizes the possible types of linkage between the two disciplines of economics and biology. The most fundamental division is between, on the one hand, theories of the causal interaction between social and biological phenomena, and, on the other hand, theories addressing the degrees to which the two types of phenomena may be subject to common abstract principles. These two types themselves subdivide into a multiplicity of possibilities. While this detailed taxonomy reveals some options that are undermined by modern science, some others remain scientifically viable but have been relatively neglected.Peer reviewe