Being Efficiently Fickle: a Dynamic Theory of Organizational Choice

J.A. Nickerson and Todd Zenger ()

Washington University from Business, Law and Economics Center, John M. Olin School of Business, Washington University

Abstract: A central proposition in organization theory is that discrete organizational forms are matched in a discriminating way to environmental conditions, business strategies, or exchange rate conditions. This paper develops a contrary theoretical proposition. We argue that efficiency may dictate modulating between discrete governance modes in response to a stable set of exchange conditions.

Keywords: BUSINESS ORGANIZATION; EFFICIENCY (search for similar items in EconPapers)
JEL-codes: D20 D23 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1999
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Citations: View citations in EconPapers (6)

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Journal Article: Being Efficiently Fickle: A Dynamic Theory of Organizational Choice (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:wablec:99-01

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