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The Causal Structure of Long-Term Supply Relationships - An Empirical Test of a Generalized Transaction Cost Theory (Paperback, Softcover reprint of the original 1st ed. 2000)
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The Causal Structure of Long-Term Supply Relationships - An Empirical Test of a Generalized Transaction Cost Theory (Paperback, Softcover reprint of the original 1st ed. 2000)
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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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