{"title":"Both Market and Hierarchy: An Incentive-System Theory of Hybrid Governance Forms","authors":"Richard Makadok, R. Coff","doi":"10.5465/AMR.2009.36982628","DOIUrl":null,"url":null,"abstract":"We create a taxonomy of hybrid governance forms and develop a formal theory that predicts when a given hybrid form will be efficient. Our model is unique in that we consider cross-task synergies in a multitask principal-agent model, where hybrid forms result as principals try to motivate cooperation among agents indirectly through incentives, ownership, and formal authority. We conclude with a discussion of other mechanisms that might also help us understand and predict hybrid governance forms.","PeriodicalId":236420,"journal":{"name":"POL: Human Resource Management Models (Topic)","volume":"87 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2009-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"184","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"POL: Human Resource Management Models (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5465/AMR.2009.36982628","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 184
Abstract
We create a taxonomy of hybrid governance forms and develop a formal theory that predicts when a given hybrid form will be efficient. Our model is unique in that we consider cross-task synergies in a multitask principal-agent model, where hybrid forms result as principals try to motivate cooperation among agents indirectly through incentives, ownership, and formal authority. We conclude with a discussion of other mechanisms that might also help us understand and predict hybrid governance forms.