File(s) not publicly available
The governance paradox: preferences of small vulnerable firms in the homebuilding industry
journal contribution
posted on 2023-06-09, 19:58 authored by James R Dewald, Jeremy Kent HallJeremy Kent Hall, James J Chrisman, Franz W KellermannsThis article explores the variables that drive small firms to choose quasi–integration as an alternative to vertical integration in situations of high asset frequency. Drawing on transaction cost theory and institutional approaches, we develop and test several hypotheses regarding quasi–integration among homebuilders and land developers in a major Canadian city. Our focus is on the preferences of small, vulnerable firms operating in an environment where quasi–integration has been institutionalized as a trusted form of governance. The findings indicate that the preference for quasi–integration is driven by asset specificity, bargaining power, and opportunistic expectations, supporting a paradoxical view that small, vulnerable firms pursue both efficiency and institutional legitimacy in making governance choices regarding large dominant suppliers.
History
Publication status
- Published
Journal
Entrepreneurship Theory and PracticeISSN
1042-2587Publisher
SAGE PublicationsExternal DOI
Issue
2Volume
31Page range
279-297Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2019-12-18Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC