THE POLITICAL EMBEDDEDNESS OF PRIVATE ECONOMIC TRANSACTIONS*
Identifieur interne : 002243 ( Main/Exploration ); précédent : 002242; suivant : 002244THE POLITICAL EMBEDDEDNESS OF PRIVATE ECONOMIC TRANSACTIONS*
Auteurs : Carol K. Jacobson ; Stefanie A. Lenway [États-Unis] ; Peter S. RingSource :
- Journal of Management Studies [ 0022-2380 ] ; 1993-05.
Abstract
Governments are able to manipulate economic transactions in order to achieve foreign policy goals. This article addresses the question: can managers of multinational enterprises (MNEs) structure economic transactions in ways that will limit the costs resulting from government intervention? Using a transaction cost framework, the efficiency of alternative structures (exporting, joint ventures, licensing, or wholly owned subsidiaries) for protecting a firm's interests are assessed. We argue that the traditional focus on the dyadic relationship between supplier and buyer misses sources of transaction costs; by conceptualizing economic transactions as embedded in a political context, additional sources of transaction costs are revealed. We examine three cases of home government intervention in US MNE transactions with the Soviet Union. We find that the full range of structural alternatives is affected by government sanctions, although sanctions are imposed on exporting relationships first and removed last. We find that MNEs are, therefore, beginning to insulate international transactions by making their overseas subsidiaries more independent of US technology and supplies with the hope that the US government will be less likely to impose its will extraterritorially by intervening in foreign subsidiaries’private economic transactions.
Url:
DOI: 10.1111/j.1467-6486.1993.tb00313.x
Affiliations:
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Ring</name><affiliation><wicri:noCountry code="subField">University</wicri:noCountry></affiliation></author></analytic><monogr></monogr><series><title level="j">Journal of Management Studies</title><idno type="ISSN">0022-2380</idno><idno type="eISSN">1467-6486</idno><imprint><publisher>Blackwell Publishing Ltd</publisher><pubPlace>Oxford, UK</pubPlace><date type="published" when="1993-05">1993-05</date><biblScope unit="volume">30</biblScope><biblScope unit="issue">3</biblScope><biblScope unit="page" from="453">453</biblScope><biblScope unit="page" to="478">478</biblScope></imprint><idno type="ISSN">0022-2380</idno></series><idno type="istex">2BBE82369C689A4FE3E297A5E7E45DEB28BF74DB</idno><idno type="DOI">10.1111/j.1467-6486.1993.tb00313.x</idno><idno type="ArticleID">JOMS453</idno></biblStruct></sourceDesc><seriesStmt><idno type="ISSN">0022-2380</idno></seriesStmt></fileDesc><profileDesc><textClass></textClass><langUsage><language ident="en">en</language></langUsage></profileDesc></teiHeader><front><div type="abstract" xml:lang="en">Governments are able to manipulate economic transactions in order to achieve foreign policy goals. This article addresses the question: can managers of multinational enterprises (MNEs) structure economic transactions in ways that will limit the costs resulting from government intervention? Using a transaction cost framework, the efficiency of alternative structures (exporting, joint ventures, licensing, or wholly owned subsidiaries) for protecting a firm's interests are assessed. We argue that the traditional focus on the dyadic relationship between supplier and buyer misses sources of transaction costs; by conceptualizing economic transactions as embedded in a political context, additional sources of transaction costs are revealed. We examine three cases of home government intervention in US MNE transactions with the Soviet Union. We find that the full range of structural alternatives is affected by government sanctions, although sanctions are imposed on exporting relationships first and removed last. We find that MNEs are, therefore, beginning to insulate international transactions by making their overseas subsidiaries more independent of US technology and supplies with the hope that the US government will be less likely to impose its will extraterritorially by intervening in foreign subsidiaries’private economic transactions.</div></front></TEI><affiliations><list><country><li>États-Unis</li></country><region><li>Minnesota</li></region></list><tree><noCountry><name sortKey="Jacobson, Carol K" sort="Jacobson, Carol K" uniqKey="Jacobson C" first="Carol K." last="Jacobson">Carol K. Jacobson</name><name sortKey="Ring, Peter S" sort="Ring, Peter S" uniqKey="Ring P" first="Peter S." last="Ring">Peter S. Ring</name></noCountry><country name="États-Unis"><region name="Minnesota"><name sortKey="Lenway, Stefanie A" sort="Lenway, Stefanie A" uniqKey="Lenway S" first="Stefanie A." last="Lenway">Stefanie A. Lenway</name></region></country></tree></affiliations></record>Pour manipuler ce document sous Unix (Dilib)
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