Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy

Environmental changes caused by digitalization and an increase in technological innovations have led to the formation of business models based on soft forms of cooperation. Nevertheless, when it comes to industrial enterprises engaged in the natural resources sector, avoiding rigid forms of coopera...

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Autor principal:	Ivan A. Butakov
Formato:	article
Lenguaje:	RU
Publicado:	Ural State University of Economics 2021
Materias:	Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/757bbc317e5042a0be3c0dd9e625fd42
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spelling	oai:doaj.org-article:757bbc317e5042a0be3c0dd9e625fd422021-12-02T18:16:56ZRigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy10.29141/2218-5003-2021-12-3-32218-50032218-5003https://doaj.org/article/757bbc317e5042a0be3c0dd9e625fd422021-07-01T00:00:00Zhttp://upravlenets.usue.ru/images/91/3.pdfhttps://doaj.org/toc/2218-5003https://doaj.org/toc/2218-5003Environmental changes caused by digitalization and an increase in technological innovations have led to the formation of business models based on soft forms of cooperation. Nevertheless, when it comes to industrial enterprises engaged in the natural resources sector, avoiding rigid forms of cooperation, primarily holding structures, seems unreasonable. The present study is a scientific review focused on specifying the theoretical and object-oriented basis for the formation of rigid forms of collaboration. Neoclassical economics, new institutional economics and strategic management theory constitute the methodological basis of the research. To justify the choice of the forms of cooperation by industrial enterprises operating in the natural resources sector, the author uses the theory of industrial organization, as well as property rights theory and contract theory. In the paper, general scientific methods are applied, such as content analysis, systematization and object-oriented approach. We find that the adherence to the rigid cooperation strategy is due to the special features of industrial enterprises in the natural resources sector, such as a tendency towards structural monopoly, a high threshold of minimum efficient scale, considerable manufacturing cycle time, production cyclicality, interspecific investment, etc. The results indicate that rigid forms of cooperation are evolving from vertically integrated companies to conglomerates with a network-based institutionalized nature of the participants’ interaction.Ivan A. ButakovUral State University of EconomicsarticleBusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 12, Iss 3, Pp 31-43 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	Business HF5001-6182 Finance HG1-9999
spellingShingle	Business HF5001-6182 Finance HG1-9999 Ivan A. Butakov Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy
description	Environmental changes caused by digitalization and an increase in technological innovations have led to the formation of business models based on soft forms of cooperation. Nevertheless, when it comes to industrial enterprises engaged in the natural resources sector, avoiding rigid forms of cooperation, primarily holding structures, seems unreasonable. The present study is a scientific review focused on specifying the theoretical and object-oriented basis for the formation of rigid forms of collaboration. Neoclassical economics, new institutional economics and strategic management theory constitute the methodological basis of the research. To justify the choice of the forms of cooperation by industrial enterprises operating in the natural resources sector, the author uses the theory of industrial organization, as well as property rights theory and contract theory. In the paper, general scientific methods are applied, such as content analysis, systematization and object-oriented approach. We find that the adherence to the rigid cooperation strategy is due to the special features of industrial enterprises in the natural resources sector, such as a tendency towards structural monopoly, a high threshold of minimum efficient scale, considerable manufacturing cycle time, production cyclicality, interspecific investment, etc. The results indicate that rigid forms of cooperation are evolving from vertically integrated companies to conglomerates with a network-based institutionalized nature of the participants’ interaction.
format	article
author	Ivan A. Butakov
author_facet	Ivan A. Butakov
author_sort	Ivan A. Butakov
title	Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy
title_short	Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy
title_full	Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy
title_fullStr	Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy
title_full_unstemmed	Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy
title_sort	rigid form of cooperation between industrial enterprises in the natural resources sector: institutional trap or survival strategy
publisher	Ural State University of Economics
publishDate	2021
url	https://doaj.org/article/757bbc317e5042a0be3c0dd9e625fd42
work_keys_str_mv	AT ivanabutakov rigidformofcooperationbetweenindustrialenterprisesinthenaturalresourcessectorinstitutionaltraporsurvivalstrategy
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Rigid form of cooperation between industrial enterprises in the natural resources sector: Institutional trap or survival strategy

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