Publications
Publications
- July 2007
- Academy of Management Review
Cooperation between Corporations and Environmental Groups: A Transaction Cost Perspective
Abstract
Theory suggests that when transaction costs are low, corporations and stakeholders can minimize social costs by transacting to their mutual advantage, but when transaction costs are high, reducing social costs requires the intervention of a centralized institution. Surprisingly little work has considered what happens in between—when transaction costs exist but recourse to hierarchical institution is barred. This paper uses transaction cost analysis to hypothesize how collaboration between corporations and environmental stakeholder groups will be structured.
Keywords
Cost vs Benefits; Cost; Corporate Social Responsibility and Impact; Business and Stakeholder Relations; Environmental Sustainability; Competitive Advantage; Cooperation
Citation
King, Andrew A. "Cooperation between Corporations and Environmental Groups: A Transaction Cost Perspective." Academy of Management Review 32, no. 3 (July 2007): 889–900.