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Evolving Functions of Interorganizational Governance Mechanisms
Author(s) -
Sánchez José M.,
Vélez María L.,
ÁlvarezDardet Concha
Publication year - 2012
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.2591
Subject(s) - corporate governance , mechanism (biology) , function (biology) , order (exchange) , control (management) , business , management , economics , epistemology , biology , evolutionary biology , finance , philosophy
Through a longitudinal case study, this article examines the evolution of the twofold function of formal governance mechanisms, for control and coordination, as an interorganizational relationship evolves. We ask whether all formal governance tools develop simultaneously, or whether each mechanism is designed and used for only one function; whether different mechanisms' attributes foster one function rather than the other; and whether different mechanisms are developed over time in order to provoke both functions' evolution. Finally, we explore whether the interorganizational relationship evolution in part explains the evolution of the two functions, or vice versa. Copyright © 2012 John Wiley & Sons, Ltd.