Organizational governance

Nicolai J. Foss; Peter G. Klein

Organizational governance

Nicolai J. Foss, Peter G. Klein

University of Missouri

Research output: Working paper › Research

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Abstract

This chapter reviews and discusses rational-choice approaches to organizational governance. These approaches are found primarily in organizational economics (virtually no rational-choice organizational sociology exists), particularly in transaction cost economics, principal-agent theory, and the incomplete-contracts or property-rights approach. We distill the main unifying characteristics of these streams, survey each stream, and offer some critical commentary and suggestions for moving forward.

Original language	English
Place of Publication	Frederksberg
Publisher	Center for Strategic Management and Globalization
Number of pages	74
ISBN (Print)	9788791815126
Publication status	Published - Oct 2007

Series	SMG Working Paper
Number	11/2007

Keywords

Rational choice
Organizational economics
Governance structures
Governance mechanisms

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