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Privatization, Governance Structures, and Trade Union Strength in Africa: A Transaction Cost Perspective

Privatization, Governance Structures, and Trade Union Strength in Africa: A Transaction Cost... When governments divest, stakeholders such as trade unions are affected. So, does the governance of privatization transactions vary according to the strength of trade unions? Governments of strong trade union countries are likely to adopt particular governance modes (e.g., internal), while those of weak union countries are likely to adopt other modes (e.g., external) for privatization transactions. Using transaction cost theory, the author found that trade union strength moderated the relationship between human asset specificity and mode of governance in a multilevel study of 1254 privatization transactions from 41 African countries. Governments of strong trade union countries were more likely to adopt internal governance modes given high asset specificity, while those of weak trade union countries were more likely to adopt external governance modes. Implications for privatization management and trade unions are discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal Of African Business Taylor & Francis

Privatization, Governance Structures, and Trade Union Strength in Africa: A Transaction Cost Perspective

Zoogah, David
Journal Of African Business , Volume 12 (1): 21 – Mar 28, 2011
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Privatization, Governance Structures, and Trade Union Strength in Africa: A Transaction Cost Perspective

Abstract

When governments divest, stakeholders such as trade unions are affected. So, does the governance of privatization transactions vary according to the strength of trade unions? Governments of strong trade union countries are likely to adopt particular governance modes (e.g., internal), while those of weak union countries are likely to adopt other modes (e.g., external) for privatization transactions. Using transaction cost theory, the author found that trade union strength moderated the...
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Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1522-9076
eISSN
1522-8916
DOI
10.1080/1536710X.2011.555260
Publisher site
See Article on Publisher Site

Abstract

When governments divest, stakeholders such as trade unions are affected. So, does the governance of privatization transactions vary according to the strength of trade unions? Governments of strong trade union countries are likely to adopt particular governance modes (e.g., internal), while those of weak union countries are likely to adopt other modes (e.g., external) for privatization transactions. Using transaction cost theory, the author found that trade union strength moderated the relationship between human asset specificity and mode of governance in a multilevel study of 1254 privatization transactions from 41 African countries. Governments of strong trade union countries were more likely to adopt internal governance modes given high asset specificity, while those of weak trade union countries were more likely to adopt external governance modes. Implications for privatization management and trade unions are discussed.

Journal

Journal Of African Business – Taylor & Francis

Published: Mar 28, 2011

Keywords: Africa; governance structures; privatization; transaction cost; trade union strength

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