ID | 67705 |
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Sort Key | 2
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Title Alternative | Why Is Intermediate Organization Necessary?
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FullText URL | |
Author |
Fujii, Daiji
Kaken ID
researchmap
Oshima, Tamako
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Abstract | This paper challenges a fundamental question, ‘Why is an intermediate organization necessary?’ Due to transaction costs and market failures on the one hand and the limitations of organizational control mechanisms on the other hand, many‘ intermediate organizations’ are observed in the real world. How can we tackle to explain the governance mechanism considered to be‘ intermediate?’
If we are to discuss such socioeconomic orders, this paper assumes that we should not be able to link micro-level explanations and macro-level ones concerning the third mode of governance mechanisms all at once. We need to stick to the meso-level at fi rst. The theoretical elaboration since Ouchi’s(1980) discussion of clan-type governance and cumulative empirical research on industrial agglomerations have allowed us to construct a more sophisticated theory called community capital.
In effective communities, members are ‘embedded as insiders’ who serve the purpose of the community, share experiences of failures and successes, and find and deepen their common identity. This limited membership is bound by‘ mutual trust to rely on each other’ for‘ distribution of short-term risks.’ In contrast to social norms that need to be abstract enough to be widely shared, the communal norms that are concrete enough to allow the members to understand without hesitation how they should behave in localized contexts are cumulatively cultivated along socializing process. Among the norms, sense of mutual obligation to incur intermittent costs for the whole community is a crucial norm for the sustainable development of the community. However, as a practical matter, membership control, mutual trust and short-term risk allocation may serve the communities in the short run, but they do not guarantee long-term accumulation of shared capital. As a result, the limits of community capital may need to be discussed once again, especially today when market liquidity is increasing, and its failures tend to become more apparent in a variety of areas.
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Keywords | 中間組織
内部組織の経済学
産業集積
コミュニティ・キャピタル
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Note | 論説 (Articles)
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Publication Title |
Okayama Economic Review
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Published Date | 2024-11-25
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Volume | volume56
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Issue | issue2
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Publisher | 岡山大学経済学会
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Publisher Alternative | The Economic Association of Okayama University
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Start Page | 1
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End Page | 16
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ISSN | 2433-4146
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NCID | AN00032897
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Content Type |
Journal Article
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OAI-PMH Set |
岡山大学
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language |
Japanese
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Copyright Holders | Copyright © 2024 岡山大学経済学会
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File Version | publisher
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Eprints Journal Name | oer
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