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The Causal Structure of Long-Term Supply Relationships - An Empirical Test of a Generalized Transaction Cost Theory (Hardcover, 2000 ed.)
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The Causal Structure of Long-Term Supply Relationships - An Empirical Test of a Generalized Transaction Cost Theory (Hardcover, 2000 ed.)
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Today, industrial organization can hardly be imagined without
long-term supply relationships. Firms use this specific type of
alliance to acquire or develop (complementary) competencies. These
are necessary to be able to survive and be successful in an
increasingly dynamic environment. Rather than studying particular
features in isolation, this book analyzes the overall, underlying
causal structure of long-term supply relationships. De Jong and
Nooteboom develop an encompassing theoretical model that brings
together important firm- and relation-specific characteristics such
as trust, commitment, dependence, uncertainty, dedicated
investments, and the exchange of information. The relationships
between these main characteristics build the overall, underlying
causal structure and determine the nature of long-term supply
relationships. The model is based on an extended theory of
transactions that includes trust next to opportunism and the
development of competencies. The model is tested in the automobile
industries of the United States, Japan and Europe. The empirical
evidence indicates that there are strong similarities between the
three regions in the underlying causal structure. There are
differences but these differences seem small, particularly relative
to the expectations one may have on the basis of perceived views of
systemic differences between Japanese' and Western' contracting.
Thus, if indeed there were large differences between the Triad's
regions, there now appears to be considerable convergence towards a
common underlying logic' of long-term supply relationships. The
Causal Structure of Long-Term Supply Relationships is a primary
source for scholars and students who want tolearn about industrial
organizations in an international perspective. It reviews the main
theories, defines many concepts, offers an overview of literature
on alliances, and provides insights into the statistical techniques
of LISREL. Little background knowledge is required, since concepts
are developed as the book progresses.
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