The Uncertainty-Governance Choice Puzzle Revisited

Predictions from Transaction Costs Economics, Resource-Based Theory, and Real Options Theory

  • Authors
  • Franziska König

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Franziska König
    Pages 1-14
  3. Franziska König
    Pages 15-95
  4. Franziska König
    Pages 190-269
  5. Franziska König
    Pages 270-292
  6. Back Matter
    Pages 293-344

About this book


What is the appropriate governance design for operating under uncertain conditions, such as emerging markets and innovative technologies? Although this question has plagued management practice and academic research for years, no unified answer has been found.

Franziska König examines the anatomy of uncertainty-governance choice relationships from different theoretical angles, including transaction costs economics, resource-based theory, and real options theory. The book sharpens single-theoretical explanations and determines their boundaries both conceptually and by providing a comprehensive “vote-counting” analysis of recent empirical research. Recent debates, which argue the optimal governance response to uncertainty, are resolved with three multi-theoretical models. Empirical results of a “policy-capturing” study, conducted in the context of strategic alliances, reveal that managers recognize different uncertainty problems and respond to them by applying distinct “decision policies” along an equity and a coordination dimension of governance.


Policy Capturing Rationalität Real Options Strategic Alliances Unsicherheit economics empirical research options research strategic alliance

Bibliographic information

  • DOI
  • Copyright Information Gabler Verlag | GWV Fachverlage GmbH, Wiesbaden 2009
  • Publisher Name Gabler
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-1533-7
  • Online ISBN 978-3-8349-9449-3
  • Buy this book on publisher's site
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