Open AccessThe Standards Association: A Hybrid Governance Structure Between Market and Network
Author(s) -
Aurélien Rouquet
Publication year - 2021
Publication title -
management international
Language(s) - English
Resource type - Journals
eISSN - 1918-9222
pISSN - 1206-1697
DOI - 10.7202/1079216ar
Subject(s) - association (psychology) , corporate governance , database transaction , transaction cost , set (abstract data type) , business , position (finance) , association rule learning , accounting , computer security , industrial organization , computer science , data mining , finance , philosophy , epistemology , programming language
Since the beginning of the 20 th century, many standards associations have emerged. The purpose of this theoretical article is to demonstrate that standards associations can be seen as a governance structure, and to position this structure in the transaction cost theory. A standards association is defined as any formal organization set up to develop common standards. The operating logic of the standards association is for associates to design common standards, and then to make the adoption of these standards a criterion for entering into a transaction. The article shows that it is a hybrid structure between market and network.