IDEAS home Printed from https://ideas.repec.org/a/wly/reggov/v8y2014i1p110-125.html
   My bibliography  Save this article

Technical systems and the architecture of transnational business governance interactions

Author

Listed:
  • Tony Porter

Abstract

This article sets out the concept of a technical system and explores its ability to explain why some transnational regulatory domains are governed by a single transnational business governance (TBG) scheme, while in others there are many such schemes. By linking the numbers of TBG schemes that govern any particular transnational regulatory domain to technical systems in this way, important insights are provided into TBG interactions. Where technical systems are present, the TBG schemes that govern them will be specialized and complementary, rather than competitive. More generally, a technical systems approach illuminates the set of extended relationships that connect TBG schemes to the industry they seek to regulate. By tracing out these relationships we can reveal indirect interactions between TBG schemes that may be mediated through firms or market infrastructures. These indirect interactions can be obscured by approaches that only focus on the direct interactions among TBG schemes. The article analyzes two cases of TBG schemes in global finance. The first, derivatives, has a single overall TBG scheme. The second case, professional financial designations, has multiple competing TBG schemes.

Suggested Citation

  • Tony Porter, 2014. "Technical systems and the architecture of transnational business governance interactions," Regulation & Governance, John Wiley & Sons, vol. 8(1), pages 110-125, March.
    • Handle: RePEc:wly:reggov:v:8:y:2014:i:1:p:110-125
    DOI: 10.1111/rego.12016
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/rego.12016
    Download Restriction: no
    File URL: https://libkey.io/10.1111/rego.12016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Peter Mooslechner & Helene Schuberth & Beat Weber (ed.), 2006. "The Political Economy of Financial Market Regulation," Books, Edward Elgar Publishing, number 3947.
    2. Whitley, Richard, 2007. "Business Systems and Organizational Capabilities: The Institutional Structuring of Competitive Competences," OUP Catalogue, Oxford University Press, number 9780199205189, Decembrie.
    3. Daniel W. Drezner, 2007. "Bringing the Great Powers Back In, from All Politics Is Global: Explaining International Regulatory Regimes," Introductory Chapters, in: All Politics Is Global: Explaining International Regulatory Regimes, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rasmus Corlin Christensen & Leonard Seabrooke & Duncan Wigan, 2022. "Professional action in global wealth chains," Regulation & Governance, John Wiley & Sons, vol. 16(3), pages 705-721, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Loris Guery & Anne Stevenot & Geoffrey T. Wood & Chris Brewster, 2017. "The Impact of Private Equity on Employment: The Consequences of Fund Country of Origin—New Evidence from France," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 56(4), pages 723-750, October.
    2. Sandra Lavenex & Flavia Jurje, 2021. "Opening‐up labor mobility? Rising powers' rulemaking in trade agreements," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 598-615, July.
    3. Alexander Reisenbichler, 2015. "The domestic sources and power dynamics of regulatory networks: evidence from the financial stability forum," Review of International Political Economy, Taylor & Francis Journals, vol. 22(5), pages 996-1024, October.
    4. Matthias Thiemann, 2014. "In the Shadow of Basel: How Competitive Politics Bred the Crisis," Review of International Political Economy, Taylor & Francis Journals, vol. 21(6), pages 1203-1239, December.
    5. Erica Owen & Stefanie Walter, 2017. "Open economy politics and Brexit: insights, puzzles, and ways forward," Review of International Political Economy, Taylor & Francis Journals, vol. 24(2), pages 179-202, March.
    6. Leonardo Baccini, 2010. "Explaining formation and design of EU trade agreements: The role of transparency and flexibility," European Union Politics, , vol. 11(2), pages 195-217, June.
    7. Ayse Saka-Helmhout & Mike Geppert, 2011. "Different Forms of Agency and Institutional Influences within Multinational Enterprises," Management International Review, Springer, vol. 51(5), pages 567-592, October.
    8. Daniel Mügge & Bart Stellinga, 2015. "The unstable core of global finance: Contingent valuation and governance of international accounting standards," Regulation & Governance, John Wiley & Sons, vol. 9(1), pages 47-62, March.
    9. DiVito, Lori, 2012. "Institutional entrepreneurship in constructing alternative paths: A comparison of biotech hybrids," Research Policy, Elsevier, vol. 41(5), pages 884-896.
    10. Mark Beeson & Jolanta Hewitt, 2022. "Does Multilateralism still Matter? ASEAN and the Arctic Council in Comparative Perspective," Global Policy, London School of Economics and Political Science, vol. 13(2), pages 208-218, May.
    11. Fan, Di & Li, Yi & Chen, Liang, 2017. "Configuring innovative societies: The crossvergent role of cultural and institutional varieties," Technovation, Elsevier, vol. 66, pages 43-56.
    12. Johannes Matschke, 2021. "National Interests, Spillovers and Macroprudential Coordination," Research Working Paper RWP 21-13, Federal Reserve Bank of Kansas City.
    13. Reale, Filippo, 2019. "Governing innovation systems: A Parsonian social systems perspective," Technology in Society, Elsevier, vol. 59(C).
    14. Mark Beeson & Fujian Li, 2016. "China's Place in Regional and Global Governance: A New World Comes Into View," Global Policy, London School of Economics and Political Science, vol. 7(4), pages 491-499, November.
    15. Barbara Krug & Hans Hendrischke, 2012. "Market design in Chinese market places," Asia Pacific Journal of Management, Springer, vol. 29(3), pages 525-546, September.
    16. Benjamin Cashore & Michael W. Stone, 2014. "Does California need Delaware? Explaining Indonesian, Chinese, and United States support for legality compliance of internationally traded products," Regulation & Governance, John Wiley & Sons, vol. 8(1), pages 49-73, March.
    17. Meuer, Johannes & Rupietta, Christian & Backes-Gellner, Uschi, 2015. "Layers of co-existing innovation systems," Research Policy, Elsevier, vol. 44(4), pages 888-910.
    18. Jonathan Doh & Pawan Budhwar & Geoffrey Wood, 2021. "Long-term energy transitions and international business: Concepts, theory, methods, and a research agenda," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(5), pages 951-970, July.
    19. Helleiner, Eric & Pagliari, Stefano, 2011. "The End of an Era in International Financial Regulation? A Postcrisis Research Agenda," International Organization, Cambridge University Press, vol. 65(1), pages 169-200, January.
    20. Jan Drahokoupil, 2014. "Decision-making in multinational corporations: key issues in international business strategy," Transfer: European Review of Labour and Research, , vol. 20(2), pages 199-215, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:reggov:v:8:y:2014:i:1:p:110-125. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1111/(ISSN)1748-5991 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.