The Strategic Use of Decentralized Institutions: Exploring Certification with the Iso 14001 Management Standard
نویسندگان
چکیده
In this paper, we respond to calls by previous researchers to clarify the function of decentralized institutions by analyzing the strategic motives of individual actors. We investigate an important type of decentralized institution – certified management standards – and theorize that firms will use these institutions to reduce problems that might arise with exchange partners that lack information or fear opportunism. We test this theory using the pattern of certification with the ISO 14001 management standard. (74 words)
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