Configurations of Control: A Transaction Cost Approach
AbstractIn this paper, I present a theory of management control based on Transaction Cost Economics.This theory seeks to integrate into a single framework a set of insights as to the natureof the organization's activities, the control problems that are inherent in these activities,and the unique problem solving potential of various archetypal control structures. The gistof the argument is that activities predictably differ in the control problems to which theygive rise, whereas control archetypes differ in their problem-solving ability, and thatalignments between the two can be explained by delineating the efficiency properties of thematch. This is a contingent configuration approach. It is a configuration theory in that itoffers a set of ideal types, conceived of as internally consistent and discriminating clustersof attributes from multiple dimensions that have a specific effect on control structureeffectiveness as the variable to be explained. But it is also a contingent approach in that itspecifies the conditions in which each of the archetypes is most effective.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam. in its series Research Paper with number ERS-2003-071-F&A.
Date of creation: 17 Oct 2003
Date of revision:
Contact details of provider:
Web page: http://www.erim.eur.nl/
transaction cost economics; management control theory; configuration theory;
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ERIM Series Handler at the ERIM Office).
If references are entirely missing, you can add them using this form.