Management Papers

Document Type

Journal Article

Date of this Version

12-1999

Publication Source

Business and Politics

Volume

1

Issue

3

Start Page

261

Last Page

278

DOI

10.1515/bap.1999.1.3.261

Abstract

This paper explores the implications of going beyond transaction cost theory's implicit focus on domestic investors to include multinational actors. As developed herein, the discriminating alignment between the level of hazards (contractual and/or political) and the mode of governance carries over. In the open-economy context, such an alignment reflects the hazards that arise from the nature of the transaction and those that arise from the nature of the political and regulatory environment.

Copyright/Permission Statement

The final publication is available at www.degruyter.com.

 

Date Posted: 27 November 2017