This paper relates firm size and opportunism by showing that, given certain behavioral dispositions of humans, the size … cooperative regime among its employees that keeps in check opportunism. A model depicts the outstanding role of the entrepreneur … opportunism-related costs are a reason for keeping firms' size small. …

Opportunism is a central construct in exchange theory. Economists contend that despite the firm's best efforts to erect … governance structures that reduce opportunism and preserve outcomes, there is always some opportunism that remains once the … relationship attributes in the presence of such ex post opportunism. In this research, we develop a theoretical framework and …