Internalization strikes back? Global value chains, and the rising costs of effective cascading compliance

Internalization strikes back? Global value chains, and the rising costs of effective cascading compliance
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内部化反击?

DOI:
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发表时间:
2022
影响因子:
4.6
通讯作者:
R. Narula
R. Narula
中科院分区:
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文献类型:
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作者:
Ari Van Assche;R. Narula

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使准内部化可行的策略(例如级联合规)为领先企业提供了一种通过股权以外的方式控制其供应商和次级供应商之间的社会和环境条件的方法。我们采用内部化理论的视角来反思级联合规作为一种治理机制的有效性,以促进全球价值链的可持续性。虽然级联合规为领先公司带来了显着的经济效益,但供应商投资所需资源以满足可持续发展条件却受到抑制,从而导致周期性的社会和环境违规行为。增强的级联合规性(“级联合规性+”)增加了信任诱导机制,让供应商参与联合解决问题和信息共享,有望提高可持续性。但由此产生的额外交易成本有可能排挤供应商,甚至可能使全面内部化再次具有吸引力。
Strategies that make quasi-internalization feasible such as cascading compliance provide a means for lead firms to control the social and environmental conditions among their suppliers and sub-suppliers in ways other than through equity ownership. We take an internalization theory lens to reflect on the effectiveness of cascading compliance as a governance mechanism to promote sustainability along global value chains. While cascading compliance provides significant economic benefits to the lead firm, there are disincentives for suppliers to invest the required resources to meet the sustainability conditions, leading to periodic social and environmental violations. Enhanced cascading compliance (‘cascading compliance plus’) that adds trust-inducing mechanisms to engage suppliers in joint problem-solving and information-sharing has the promise to improve sustainability. But the added transaction costs that this generates has the potential to crowd-out suppliers, and possibly even make full internalization attractive again.