Opportunism is a central construct in exchange theory. Economists contend that despite the firm’s best efforts to erect governance structures that reduce opportunism and preserve outcomes, there is always some opportunism that remains once the transaction is in place. Despite this, there are few studies that systematically investigate the safeguarding efficacy of relationship attributes in the ...

This study investigates contracting mechanisms in situations of opportunistic disputes between organizations. The authors specifically explore the relationships between the formal versus informal nature of opportunism and the formal versus informal nature of contractual governance. They use a unique data set of 102 buyer– supplier disputes to explore in depth different types of opportunism – th...

The object of the present essay is neither to overturn transaction cost economics nor to deny the reality of opportunism. Instead, it is to question the explanatory role of the concept of opportunism in the transaction cost analysis of Oliver Williamson and his followers. Williamson has suggested that potential or actual opportunism emerges as the source of the ‘transaction costs’ involved in m...

Collaborating with a supplier in a buying firm’s new product development (NPD) project is commonly advocated and adopted, but does not always improve project performance. Some pre-existing collaboration contexts, such as buyer-supplier NPD projects, are especially exposed to supplier opportunism due to the uncertain nature of the collaboration process. Adopting agency theory and transaction cos...

This study proposes an ethical model of IT product recall intention based on the theory of reasoned action considering information asymmetry. This study is one of the first to consider information asymmetry in the formation of IT ethical intention. In the proposed model, nine propositions are provided for understanding the formation of the ethical intention of IT providers. More specifically, I...

Why do some firms adopt radical technologies to change their business models while other firms are reluctant or unable to do so? Applying the resource-based view of the firm to technology adoption, we hypothesize that differences in adoption among firms can be attributed, in part, to a sense-and-respond capability of firms with respect to new technologies that we call technological opportunism....

Opportunism is a behavior that causes norm violation and promotes own value. In the context of multi-agent systems, we constrain such a selfish behavior through setting enforcement norms. Because opportunistic behavior cannot be observed indirectly, there has to be a monitoring mechanism that can detect the performance of opportunistic behavior in the system. This paper provides a logical frame...