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Due to the importance of external suppliers for most companies, procurement and governance management is of utmost relevance for achieving competitive advantage. Research in the field of industrial buying behaviour (IBB) has largely been influenced by transaction cost economics (TCE). However, some TCE research has been rather simplistic; not distinguishing between governance structures and mechanisms, while research in IBB has a surplus of descriptive empirical studies and a critical shortage of analytical and conceptual constructs. This paper aims to address these shortcomings by integrating IBB and TCE in a conceptual model regarding procurement and governance of transactions. The model regards the analytical choice of a suitable combination of governance mechanisms (price, trust and...
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... e.g., proposed that the home country's governance moderates the I-P relationship for EM MNEs and sug...Multi-level models are those that analyze how "the effects phenomena ...
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German unification merged two contrasting family models: the East German dual-worker model and the West German male breadwinner model. Since 2002, Germany has been essentially changing directions towards a third model called "sustainable family policy." The new policy model conceives of children as society's future assets, seeks to encourage childbearing by supporting parents to be workers and attempts to reduce families' poverty by boosting mothers' employment. By increasing childcare facilities also of very small children and by developing early childhood education politicians claim to invest in children, make up for social inequalities and generate "sustainable. human capital. The ongoing family policy change seems at odds with mainstream judgments on reform incapability of the Germa...
... Dingel-dey (2006) has called "holistic governance.may unexpectedly subvert the intentions of sustain...
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... services and the importance of governance mechanisms addressing "hidden costs" as well as "h... drivers; risks; location choices; delivery model choices; performance indicators; and future plans,...
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...), political risk, poor corporate governance and tax burden considerations. The paramount issue...The agency theory attempts to model the relationship that exists when one party, the "...
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..., which include corruption, absence of governance, and the uneven application of laws (e.g., Metters...Hofstede's model is a widely used framework of national cultural va...
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The paper presents a hybrid model for the consideration of organisational governance forms in industrial relationships, which is then utilised in the analysis of a specific case concerning Russian Gazprom's operations in Finland as the sole supplier of natural gas to the Finnish market. Such considerations regarding foreign involvement in strategic industries from a national point of view are of vital importance, as Russian energy companies expand their operations in Europe and other parts of the world. The paper elaborates on Finnish - Russian economic relations in general and provides an outlook on the operation of Gazprom in particular.
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... and cultural distance), the fixed effects model is not applicable; therefore, we use the random ef... two measures are based on the World Governance Indicators (see Kaufmann et al. 2007). There are s...
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Market-led reform strategies around the world have given rise to fears of a progressive commercialization of hospital care. The aim of this article is to suggest an analytical framework that might explain the ubiquitous market-led reform strategies and to scrutinize widespread claim that commercialization processes impacts negatively on quality and equality of access. In comparing an ideal type model of commercialized health care with institutional and organizational change the article provides an assessment of commercialization processes in German hospital care. Although there is a newly evolving market-led governance structure in German hospital care commercialization processes have, however, been restricted. While there are strong signs that on a regulatory level the German hospital ...
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... systems (Streeck 1992), and corporate governance (Aguilera and Jackson 2003). In CIA, institutions ... German firms to adopt an integrated network model emphasizing collaboration, and for UK firms to ado...