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We examine the link between national ethical attitude and transaction cost economics (TCE) in the context of multinational corporations' (MNCs') subsidiary ownership research. By theoretically distinguishing the TCE assumptions of opportunism and bounded rationality and by linking bounded...
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1. Is Transaction Cost Economics Behavioral? -- 2. Clarifying Key Terms and Philosophical Foundations of Transaction Cost Economics -- 3. Opportunism and Bounded Rationality in Transaction Cost Economics: Values, Attitudes, or Behaviors? -- 4. Modeling Bounded Rationality: Mediation or...
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Purpose - Foreign subsidiaries incur substantial institutional conformity costs because they have to respond to host-country institutional pressures (Slangen & Hennart, 2008). The purpose of this paper is to study this type of cost from institutional and regulatory perspectives. The authors...
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