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.
Recommended Citation
Henisz, W. J., & Williamson, O. E. (1999). Comparative Economic Organization—Within and Between Countries. Business and Politics, 1 (3), 261-278. http://dx.doi.org/10.1515/bap.1999.1.3.261
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Date Posted: 27 November 2017