Transactional Governance Structures : New Cross-Country Data and an Application to the Effect of Uncertainty (English)

To what extent are personal trust, mutual interests, and third parties important in enforcing agreements to trade? How do firms combine these to form transactional governance structures? This paper answers these questions in a whole-economy, cross-country setting that considers a full spectrum of transactional-governance strategies. The data collection requires a new survey question answerable in any context. The question is applied in six South American...
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Francis,David C.; Karalashvili,Nona; Murrell,Peter.

Transactional Governance Structures : New Cross-Country Data and an Application to the Effect of Uncertainty (English). Policy Research working paper ; no. WPS 10118; Paper is funded by the Knowledge for Change Program (KCP) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099738507052218969

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