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In this paper, we propose an approach to show how the capability-based perspective of the resource-based view of the firm can be integrated with the comparative-governance approach of transaction cost economics to shed light on governance issues in interfirm relationships. We argue that...
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an extended theory of transactions that includes trust next to opportunism and the development of competencies. The model …
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opportunism. The study also discovers that active opportunism has a positive effect on both bargaining costs and monitoring costs …, whereas passive opportunism has a positive and direct effect on maladaption costs but a negative effect on monitoring costs … opportunism can raise transaction costs. Alternative attractiveness is identified as a driver of the impact of transaction costs …
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