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La colaboración empresarial desde la teoría de los derechos de propiedad

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Abstract

This paper investigates the selection of governance forms in interfirm collaborations taking into account the predictions from transaction costs and property rights theories. Transaction costs agurments are often used to justify the introduction of hierarchical controls in collaborations, but the ownership dimensions of going from "contracts" to "hierarchies" has been ignored in the past and with it the so called "costs of ownership". The theoretical results, tested with a sample of collaborations in which Spanish firms participate, indicate that the cost of ownership may o set the benefits of hierarchial controls and therefore limit their diffusion. Evidence is also reported of possible complementarities between reputation effects and forms of ownership that go together with hierarchical controls (i.e. joint ventures), in contrast with the generally assumed substitutability between the two. (Copyright: Fundación Empresa Pública)

Suggested Citation

  • Josep Rialp & Vicente Salas, 2002. "La colaboración empresarial desde la teoría de los derechos de propiedad," Investigaciones Economicas, Fundación SEPI, vol. 26(1), pages 113-144, January.
  • Handle: RePEc:iec:inveco:v:26:y:2002:i:1:p:113-144
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    References listed on IDEAS

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    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Balakrishnan, Srinivasan & Koza, Mitchell P., 1993. "Information asymmetry, adverse selection and joint-ventures : Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 20(1), pages 99-117, January.
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    Cited by:

    1. Ortiz-de-Urbina-Criado, Marta & Montoro-Sánchez, Ángeles & Mora-Valentín, Eva-María, 2014. "Impact of growth strategy on mode of governance in alliances," International Business Review, Elsevier, vol. 23(4), pages 838-848.
    2. Garcia-Canal, Esteban & Valdes-Llaneza, Ana & Sanchez-Lorda, Pablo, 2008. "Technological flows and choice of joint ventures in technology alliances," Research Policy, Elsevier, vol. 37(1), pages 97-114, February.

    More about this item

    Keywords

    Keywords: collaboration; property rights; transaction cost; Spanish firms;

    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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