Can I read Toward Behavioral Transaction Cost Economics : Theoretical Extensions and an Application to the Study of MNC Subsidiary Ownership on EtoBox?

Toward Behavioral Transaction Cost Economics : Theoretical Extensions and an Application to the Study of MNC Subsidiary Ownership by George Z. Peng is a nonfiction available to read on EtoBox.

What is Toward Behavioral Transaction Cost Economics : Theoretical Extensions and an Application to the Study of MNC Subsidiary Ownership about?

Adopting a critical realist position, this book renders transaction cost economics (TCE) into a behavioral theory of organizational decision-making by foregrounding psychological processes and introducing and integrating with effectuation theory. Consistent with its behavioral agenda, the book introduces the concept of uncertainty controllability and provides a clearer conceptualization and a novel modeling strategy of bounded rationality based on the conceptual separation of cognitive bounds from psychological ‘rationalizing.’ The book inspires new insights into the significance of cultural distance (CD). Based on the understanding that culture is socially-extended cognition, the author re-conceptualizes CD as reflecting cognitive bounds, and uses the biases arising from CD to contextualize effectuation and deepen the flat ontology of both TCE and effectuation theory. The book presents a full two-sided behavioral framework of organizational decision-making, with behavioral TCE and behavioral real options theory complementing each other to complete the full behavioral picture. Both sides are further linked to organizational learning, which reduces biases over time and thus drives g

Who reads Toward Behavioral Transaction Cost Economics : Theoretical Extensions and an Application to the Study of MNC Subsidiary Ownership?

Author

George Z. Peng

Publisher

Springer International Publishing : Imprint: Palgrave Macmillan

Published

2021

Language

EN

ISBN

9783030468774

Category

nonfiction

Subjects

Management, Business