The Strategic Use of Decentralized Institutions: Exploring Certification with ISO 14001 Management Standard
Academy of Management Journal, Vol. 48, No. 6, pp. 1091-1106
Posted: 7 Oct 2010
Date Written: 2005
In this article, we respond to calls by previous researchers to clarify the function of decentralized institutions by analyzing the strategic motives of individual actors. We investigated an important type of decentralized institution, certified management standards, and theorized that firms use these institutions to reduce problems that might arise with exchange partners that lack information or fear opportunism. We tested this theory using the pattern of certification with the ISO 14001 management standard.
Keywords: self-regulation, standards, institutions
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