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Governance and global communities

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Author Info

  • Watson, Richard T.
  • Boudreau, Marie-Claude
  • Greiner, Martina
  • Wynn, Donald
  • York, Paul
  • Gul, Rusen
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    Abstract

    Communities are a new form of organization in which volunteers primarily contribute to the creation of economic value. Building upon transaction cost economics, communities are investigated as a fourth form of governance structure. The concept of transaction benefits is introduced to the governance structure equation and some key variables (individual characteristics and needs, information technology, and national culture and policy) influencing transaction benefits are identified. Within communities, four major forms (restrictive, diffusive, inventive and adaptive) are identified based upon dimensions of responsiveness and transaction benefits. We conclude with a discussion of the relationship between communities and other governance structures.

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    File URL: http://www.sciencedirect.com/science/article/pii/S1075425305000165
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of International Management.

    Volume (Year): 11 (2005)
    Issue (Month): 2 (June)
    Pages: 125-142

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    Handle: RePEc:eee:intman:v:11:y:2005:i:2:p:125-142

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    Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/601266/description#description

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    Related research

    Keywords: Governance Global communities Transaction costs Transaction benefits Open source Typology of communities;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Bernard C. Y. Tan & Kwok-Kee Wei & Richard T. Watson & Danial L. Clapper & Ephraim R. McLean, 1998. "Computer-Mediated Communication and Majority Influence: Assessing the Impact in an Individualistic and a Collectivistic Culture," Management Science, INFORMS, vol. 44(9), pages 1263-1278, September.
    2. J. Yannis Bakos, 1997. "Reducing Buyer Search Costs: Implications for Electronic Marketplaces," Management Science, INFORMS, vol. 43(12), pages 1676-1692, December.
    3. Demsetz, Harold, 1988. "The Theory of the Firm Revisited," Journal of Law, Economics and Organization, Oxford University Press, vol. 4(1), pages 141-61, Spring.
    4. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-95, December.
    5. Lerner, Josh & Tirole, Jean, 2001. "The open source movement: Key research questions," European Economic Review, Elsevier, vol. 45(4-6), pages 819-826, May.
    6. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
    7. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
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    Cited by:
    1. Frank, Ulrich & Strecker, Stefan & Koch, Stefan, 2007. ""Open Model" - ein Vorschlag für ein Forschungsprogramm der Wirtschaftsinformatik: Langfassung," ICB Research Reports 8, University Duisburg-Essen, Institute for Computer Science and Business Information Systems (ICB).

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