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Trust Control And The Economics Of Governance
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Book Synopsis Trust, Control, and the Economics of Governance by : Philipp Herold
Download or read book Trust, Control, and the Economics of Governance written by Philipp Herold and published by Routledge. This book was released on 2019-06-05 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s world, we cooperate across legal and cultural systems in order to create value. However, this increases volatility, uncertainty, complexity, and ambiguity as challenges for societies, politics, and business. This has made governance a scarce resource. It thus is inevitable that we understand the means of governance available to us and are able to economize on them. Trends like the increasing role of product labels and a certification industry as well as political movements towards nationalism and conservatism may be seen as reaction to disappointments from excessive cooperation. To avoid failures of cooperation, governance is important – control through e.g. contracts is limited and in governance economics trust is widely advertised without much guidance on its preconditions or limits. This book draws on the rich insight from research on trust and control, and accommodates the key results for governance considerations in an institutional economics framework. It provides a view on the limits of cooperation from the required degree of governance, which can be achieved through extrinsic motivation or building on intrinsic motivation. Trust Control Economics thus inform a more realistic expectation about the net value added from cooperation by providing a balanced view including the cost of governance. It then becomes clear how complex cooperation is about ‘governance accretion’ where limited trustworthiness is substituted by control and these control instances need to be governed in turn. Trust, Control, and the Economics of Governance is a highly necessary development of institutional economics to reflect progress made in trust research and is a relevant addition for practitioners to better understand the role of trust in the governance of contemporary cooperation-structures. It will be of interest to researchers, academics, and students in the fields of economics and business management, institutional economics, and business ethics. Note that this work is the first of its kind that explicitly reflects on the societal realities, how these drive the assumption setting process, and how these assumptions influence the theory outcome.
Book Synopsis Trust, Control, and the Economics of Governance by : Philipp Herold
Download or read book Trust, Control, and the Economics of Governance written by Philipp Herold and published by Routledge. This book was released on 2019-06-05 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s world, we cooperate across legal and cultural systems in order to create value. However, this increases volatility, uncertainty, complexity, and ambiguity as challenges for societies, politics, and business. This has made governance a scarce resource. It thus is inevitable that we understand the means of governance available to us and are able to economize on them. Trends like the increasing role of product labels and a certification industry as well as political movements towards nationalism and conservatism may be seen as reaction to disappointments from excessive cooperation. To avoid failures of cooperation, governance is important – control through e.g. contracts is limited and in governance economics trust is widely advertised without much guidance on its preconditions or limits. This book draws on the rich insight from research on trust and control, and accommodates the key results for governance considerations in an institutional economics framework. It provides a view on the limits of cooperation from the required degree of governance, which can be achieved through extrinsic motivation or building on intrinsic motivation. Trust Control Economics thus inform a more realistic expectation about the net value added from cooperation by providing a balanced view including the cost of governance. It then becomes clear how complex cooperation is about ‘governance accretion’ where limited trustworthiness is substituted by control and these control instances need to be governed in turn. Trust, Control, and the Economics of Governance is a highly necessary development of institutional economics to reflect progress made in trust research and is a relevant addition for practitioners to better understand the role of trust in the governance of contemporary cooperation-structures. It will be of interest to researchers, academics, and students in the fields of economics and business management, institutional economics, and business ethics. Note that this work is the first of its kind that explicitly reflects on the societal realities, how these drive the assumption setting process, and how these assumptions influence the theory outcome.
Book Synopsis The Mechanisms of Governance by : Oliver E. Williamson
Download or read book The Mechanisms of Governance written by Oliver E. Williamson and published by Oxford University Press, USA. This book was released on 1996 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text studies transaction cost economics, influential in economic thought on how institutions work. Whereas orthodox economics describes the firm in technological terms, as a production function, transaction cost economics describes it in organizational terms, as a governance structure.
Book Synopsis TRUST AND GOVERNANCE by : Jhonathan Cavalcante da Costa
Download or read book TRUST AND GOVERNANCE written by Jhonathan Cavalcante da Costa and published by Jhonathan Cavalcante da Costa. This book was released on 2024-08-25 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust and Governance is a book that translates reflections on social aspects of the economy. It is an adaptation of a monograph completed in 2009, in which the respective theme was awarded the Nobel Prize in Economics, shared between Oliver Williamson and Elinor Ostrom. It is an old and increasingly current theme. The relevance of paying attention to human and social aspects is pressing in public and private institutions. This work explores philosophical thoughts about the validity of scientific methods and the possibility of comparing different theories, to benefit from complementarities. In this sense, we must always return to Adam Smith, who already recognized the influence of social aspects on the economy. In this analysis, we highlight the contribution of Francis Fukuyama, who spoke in his book “TRUST” about aspects inherent to spontaneous sociability and the desire for recognition. These aspects are relevant to understanding social capital, an indispensable element for the economics of transaction costs. In summary, this book discusses the convergence between the approaches of Oliver Williamson on transaction costs and Francis Fukuyama on social capital, both concepts, central to the understanding of governance structures.
Book Synopsis Social Trust and Economic Governance by : Fali Huang
Download or read book Social Trust and Economic Governance written by Fali Huang and published by . This book was released on 2004 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the dynamic relationship between social trust and economic governance using a principal-agent model with stochastic returns.
Book Synopsis Trust, Power and Public Sector Leadership by : Steen Vallentin
Download or read book Trust, Power and Public Sector Leadership written by Steen Vallentin and published by Taylor & Francis. This book was released on 2022-10-14 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust, Power and Public Sector Leadership: A Relational Approach provides a critical theoretical treatment of trust in the realm of public management and governance. The public trust agenda is an antidote to rampant bureaucratic control and, in particular, the marketization and instrumentalization associated with New Public Management. The book approaches trust from a relational perspective that draws on insights from trust research, modern sociology and organization and management theory, while lending support to developments in New Public Governance. It provides a theoretical framework that distinguishes between institutional, economic, moral and relational trust and shows how a relational perspective is able to incorporate insights from the other paradigms in an inclusive approach to trust processes. Apart from providing a theoretical reading of the workings of trust in public organizations, the book addresses how trust relates to power and control along with notions of debureaucratization, post-bureaucratic organization and post-heroic leadership. It also shows how the trust agenda, in theory and practice, is related to social capital and thus efforts to strengthen social relations and collaboration in and around public organizations. Speaking of practice, the book takes its empirical point of departure in the Danish public sector. However, the aim of the book is not to promote the High trust Danish case as a benchmark or best practice. The aim is to theorize and help make sense of this particular experience by applying general theory to it and extracting general insights – with broader application – from its particular manifestations and outcomes. There is a need for more elaborate theorizing about trust and power in a public sector setting, and the Danish experience is useful as a starting point for this ambition.
Book Synopsis The Trust as Governance Structure by : Anthony Ogus
Download or read book The Trust as Governance Structure written by Anthony Ogus and published by . This book was released on 1985 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Trust and Governance by : Valerie A. Braithwaite
Download or read book Trust and Governance written by Valerie A. Braithwaite and published by Russell Sage Foundation. This book was released on 1998-08-13 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust and Governance asks several important questions: Is trust really essential to good governance, or are strong laws more important? What leads people either to trust or to distrust government, and what makes officials decide to be trustworthy? Can too much trust render the public vulnerable to government corruption, and if so what safeguards are necessary? In approaching these questions, the contributors draw upon an abundance of resources to offer different perspectives on the role of trust in government. Enriched by perspectives from political science, sociology, psychology, economics, history, and philosophy, Trust and Governance opens a new dialogue on the role of trust in the vital relationship between citizenry and government.
Book Synopsis The Dynamics of Accounting, Control and Trust-shaping the Governance of an Outsourcing Relationship by : Muhammad Kaleem Zahir ul Hassan
Download or read book The Dynamics of Accounting, Control and Trust-shaping the Governance of an Outsourcing Relationship written by Muhammad Kaleem Zahir ul Hassan and published by . This book was released on 2010 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Governance by : Donald A. Wittman
Download or read book The Economics of Governance written by Donald A. Wittman and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of articles uses economic theory to explain the governance of organizations. It covers the governance of families, oligarchies, democracies, for profit firms and non-profit institutions such as religious organizations. The widespread and novel subject matter within a set of focused economic questions results in fascinating reading allowing the reader to see how similar issues can be answered in areas where the person has little knowledge of the subject. This is an engaging and useful tool for students, researchers and academics wanting to expand their area of expertise into new and exciting realms. Contributors include: D. Acemoglu, R. Gibbons, H. Hansmann, P. Leeson, P. Rubin, B. Weingast
Book Synopsis Political Power and Corporate Control by : Peter A. Gourevitch
Download or read book Political Power and Corporate Control written by Peter A. Gourevitch and published by Princeton University Press. This book was released on 2010-06-20 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.
Book Synopsis The Oxford Handbook of Corporate Law and Governance by : Jeffrey Neil Gordon
Download or read book The Oxford Handbook of Corporate Law and Governance written by Jeffrey Neil Gordon and published by Oxford University Press. This book was released on 2018 with total page 1217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.
Book Synopsis Auditing, Trust and Governance by : Reiner Quick
Download or read book Auditing, Trust and Governance written by Reiner Quick and published by Routledge. This book was released on 2007-10-31 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reputation of corporate reporting has been in crisis. Trust in the process of financial accounting and auditing has been undermined by a series of high profile scandals involving major corporations, including Enron, Parmalat, Ahold, and Worldcom. In response, regulators and practitioners world-wide have put forward a series of initiatives to re
Book Synopsis The Oxford Handbook of Social and Political Trust by : Eric M. Uslaner
Download or read book The Oxford Handbook of Social and Political Trust written by Eric M. Uslaner and published by Oxford University Press. This book was released on 2018-01-02 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores the foundations of trust, and whether social and political trust have common roots. Contributions by noted scholars examine how we measure trust, the cultural and social psychological roots of trust, the foundations of political trust, and how trust concerns the law, the economy, elections, international relations, corruption, and cooperation, among myriad societal factors. The rich assortment of essays on these themes addresses questions such as: How does national identity shape trust, and how does trust form in developing countries and in new democracies? Are minority groups less trusting than the dominant group in a society? Do immigrants adapt to the trust levels of their host countries? Does group interaction build trust? Does the welfare state promote trust and, in turn, does trust lead to greater well-being and to better health outcomes? The Oxford Handbook of Social and Political Trust considers these and other questions of critical importance for current scholarly investigations of trust.
Book Synopsis Concentrated Corporate Ownership by : Randall K. Morck
Download or read book Concentrated Corporate Ownership written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-12-01 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms is surprising. What corporate governance problems arise in tightly held firms? How do these differ from corporate governance problems in widely held firms? How do control blocks arise and how are they maintained? How does concentrated ownership affect economic growth? How should we regulate tightly held firms? Drawing together leading scholars from law, economics, and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy.
Book Synopsis Corporate Technological Behaviour (Routledge Revivals) by : Hakan Hakansson
Download or read book Corporate Technological Behaviour (Routledge Revivals) written by Hakan Hakansson and published by Routledge. This book was released on 2014-10-14 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Efficient technological strategy is an increasingly important element in industrial profitability. An understanding of networks – the formal and informal web of contacts between suppliers, producers and customers – is vital to the application of such strategy. In this book, first published in 1989, Håkan Håkansson brings together theory and practice to provide the first comprehensive and detailed study of technological development in companies, and the associated interactions with other companies and organizations. This book is ideal for students of business.
Download or read book Economic News written by Arjen van Dalen and published by Routledge. This book was released on 2018-10-26 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tells the story of how the news media can help the inattentive members of the public become better educated and knowledgeable ‘economic citizens’. The authors argue that changes in the economy, journalism and consumer culture have made economic news more visible, more mainstream and more accessible. They show how economic news not only affects economic perceptions, but also interest in the economy, knowledge about the economy, and economic voting. Relying on statistical analyses, the book provides a comprehensive and systematic study of the effects of economic news.