Week 3 Chapter 4 Institution Culture and Ethics

Week 3 Chapter 4 Institution Culture and Ethics -...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style Institutions, Cultures, and Ethics
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Institutions: Some Definitions Humanly devised constraints that structure  human interaction (North) Regulatory, normative, and cognitive  structures (i.e., pillars) and activities that  provide stability and meaning to social  behavior (Scott)
Background image of page 2
Institutions: 2 Types Formal institutions - laws, regulations, rules  supported by a regulatory pillar (the coercive power of  governments) Informal institutions - norms, cultures and  ethics supported by the normative and cognitive pillars
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
How Do Institutions Reduce Arm‘s length transaction/Contractual Control -  formal, rule-based, impersonal exchange with  third party enforcement Relational contracting/Relational Control -  informal, relationship-based, personalized 
Background image of page 4
Rule-Based Exchange: Costs
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 13

Week 3 Chapter 4 Institution Culture and Ethics -...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online