dc.contributor.author | RUESTER, Sophia | |
dc.date.accessioned | 2010-03-18T12:03:32Z | |
dc.date.available | 2010-03-18T12:03:32Z | |
dc.date.issued | 2010 | |
dc.identifier.issn | 1028-3625 | |
dc.identifier.uri | https://hdl.handle.net/1814/13579 | |
dc.description.abstract | This paper provides an empirical analysis examining the effect of both transaction characteristics and
the institutional environment on governance choice. Using a dataset of 237 corporate-specific value
chains in the global LNG industry, we introduce inter-organizational trust as a shift parameter.
Following transaction cost economics, it is hypothesized that specific investments under uncertainty
provide incentives to integrate vertically. Second, it is argued that inter-organizational trust changes
the relative costs of vertical integration and non-integration and supports less hierarchical
organizational structures. These economic relationships are tested based on probit and ordered probit
models. Estimation results provide broad support for both propositions | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.relation.ispartofseries | EUI RSCAS | en |
dc.relation.ispartofseries | 2010/18 | en |
dc.relation.ispartofseries | Loyola de Palacio Programme on Energy Policy | en |
dc.relation.ispartofseries | [Florence School of Regulation] | en |
dc.relation.ispartofseries | [Energy] | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.subject | inter-organizational trust | en |
dc.subject | liquified natural gas | en |
dc.subject | shift parameter | en |
dc.subject | transaction cost economics | en |
dc.subject | vertical integration | en |
dc.title | Inter-Organizational Trust as a Shift Parameter in the Extended Transaction Cost Framework: A First Application to the LNG Industry | en |
dc.type | Working Paper | en |
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