The Causal Structure of Long-Term Supply Relationships: An Empirical Test of a Generalized Transaction Cost Theory

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Springer Science & Business Media, 2012. dec. 6. - 155 oldal
Long-term supply relationships are of crucial importance in industrial organization. The present (r)evolution in information and communication technology such as e-business is proof of the increasingly dynamic environment in which firms operate. As a result, firms have to focus on their core competencies and obtain complementary ones from partner firms to be able to survive. This can hardly be realized without having long-term supply relationships. In the past decades, research on strategic alliances -the class of interfirm arrangements to which long-term supply relationships belong mushroomed. Many ofthe (empirical) studies in the alliance literature focus on a single variable that is then explained by a set of independent variables. For example, for international joint ventures the level of commitment, interdependence, asymmetry, and dedicated investments explains the development of trust. By itself there is nothing wrong in this approach. On the contrary, because of all these studies we now have some knowledge about the reasons why firms enter in alliances and why some alliances are more successful than others. In fact, one of our first studies also belonged to this research-tradition.

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PREFACE
1
THE THEORETICAL MODEL
25
LIST OF FIGURES
41
METHODS AND DATA
43
EMPIRICAL RESULTS 59
58
LIST OF BOXES
60
LIST OF TABLES
63
CFA for Suppliers Value
66
EFA for Suppliers Behavioral Uncertainty
85
CFA for Suppliers Value
89
Summary Statistics of the 15 Variables
92
EFA and CFA for Suppliers Dependence
98
EFA for Suppliers Behavioral Uncertainty
100
EFA and CFA for Customers Value
104
Summary Statistics of the 15 Variables
106
AN INTERNATIONAL COMPARISON
117

Summary Statistics of the 15 Variables
70
Results for the Modified Model M3
78
EFA and CFA for Suppliers Dependence
83
Mean Values for 15 Constructs
119
BIBLIOGRAPHY 147
149
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