Does Governance Matter? Keiretsu Alliances and Asset Specificity as Sources of Japanese Competitive Advantage
- 1 December 1996
- journal article
- research article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Organization Science
- Vol. 7 (6) , 649-666
- https://doi.org/10.1287/orsc.7.6.649
Abstract
This paper examines exchange governance issues in the U.S. and Japanese automobile industries using a transactions cost framework. Empirical results are partially consistent with transactions cost theory, but may also require a rethinking of transactions cost logic under conditions of high uncertainty.Keywords
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