Learning and Governance in Inter-Firm Relations

B. Nooteboom

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Abstract

This article connects theory of learning with theory of governance, in the context of inter-firm relations.It recognizes fundamental criticism of transaction cost economics (TCE), but preserves elements from that theory.Two kinds of relational risk are identified: hold-up and spillover risk.For the governance of relations, i.e. the control of relational risk, the article presents a set of instruments that includes trust, next to instruments adopted and adapted from TCE.It also includes roles for gobetweens.Some references to empirical evidence are included.
Original languageEnglish
Place of PublicationTilburg
PublisherOrganization
Number of pages19
Volume2005-38
Publication statusPublished - 2005

Publication series

NameCentER Discussion Paper
Volume2005-38

Keywords

  • Inter-firm alliances
  • learning
  • transaction costs
  • governance

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