The Causal Structure of Long-Term Supply Relationships An Empirical

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 resu

  • PDF / 20,302,369 Bytes
  • 162 Pages / 453.54 x 680.31 pts Page_size
  • 12 Downloads / 193 Views

DOWNLOAD

REPORT


The Causal Structure of Long-Term Supply Relationships An EmpiricaI Test of a GeneraIized Transaction Cost Theory

by

Gjalt de Jong PricewaterhouseCoopers, The Netherlands

and

Bart Nooteboom Rotterdam School of Management, Erasmus University, The Netherlands

SPRINGER SCIENCE+BUSINESS MEDIA, B.V.

A C.I.P. Catalogue record for this book is available from the Library of Congress.

ISBN 978-1-4613-7041-3 ISBN 978-1-4615-4525-5 (eBook) DOI 10.1007/978-1-4615-4525-5

Printed an acid-free paper

AII Rights Reserved © 2000 Springer Science+Business Media Dordrecht

Originally published by Kluwer Academic Publishers in 2000 Softcover reprint ofthe hardcover 1st edition 2000

No part of the material protected by this copyright notice may be reproduced or utilized in any form or by any means, electronic or mechanical, inc!uding photocopying, recording or by any information storage and retrieval system, without written permission from the copyright owner.

CONTENTS

PREFACE 1 INTRODUCTION 1.1 Scope and Purpose 1.2 Overview of Theory 1.3 Overview of Empirical Results 2 THEORETICAL BACKGROUND 2.1 Introduction 2.2 Transaction Cost Economics 2.3 Limitations of Transaction Cost Economics 2.4 Competencies 2.5 Relational Features 2.5.1 Commitment 2.5.2 Trust 2.6 Conclusions 3 THE THEORETICAL MODEL 3.1 Introduction 3.2 Definitions and Related Research 3.3 The Theoretical Model 3.3.1 Asset Specificity 3.3.2 Uncertainty 3.3.3 Value of the Partner 3.3.4 Commitment 3.3.5 Trust

IX

1 1 3

5 7 7 7

11 14 18 18

20 23 25 25 25 31 31 33 34 36

37

VI

CONTENTS

3.4 Conclusions

42

4 METHODS AND DATA 4.1 Introduction 4.2 A LISREL Approach 4.2.1 Models, Methods and Matrices 4.2.2 Model-Fit and Model-Modification 4.3 The Samples 4.4 Operationalization 4.5 Conclusions

43 43 43 43

5 EMPIRICAL RESULTS 5.1 Introduction 5.2 The United States 5.2.1 Measurement Models 5.2.2 Testing the Hypotheses and Model-Fit 5.3 Japan 5.3.1 Measurement Models 5.3.2 Testing the Hypotheses and Model-Fit 5.4 Europe 5.4.1 Measurement Models 5.4.2 Testing the Hypotheses and Model-Fit 5.5 Conclusions

59 59 59 59

6 AN INTERNATIONAL COMPARISON 6.1 Introduction 6.2 The Convergence of Long-Term Supply Relationships 6.2.1 A First Perspective on the Convergence 6.2.2 The United States versus Japan 6.2.3 The United States versus Europe 6.2.4 Japan versus Europe 6.3 The Third Way 6.4 Causal Loops 6.5 Conclusions 6.5.1 Point of Departure 6.5.2 Convergence within the Triad 6.5.3 Explaining the Convergence 6.5.4 Limitations and Further Research

48

50 53 57

70 82 82

92 97 97 107 111

117 117 118 118

122 124 125 126 128

131 131 132 132 135

APPENDIX A CONSTRUCTS, ITEMS AND SCALES

137

BIBLIOGRAPHY

147

CONTENTS

vii

LIST OF FIGURES

Figure 3.] Figure 4.] Figure 5.] Figure 5.2 Figure 5.3 Figure 5.4

The Theoretical Model of Long-Term Supply Relationships A Measurement Model United States: Testing the Hypotheses of Model Mo United States: The Modified Theoretical Model M 3 Japan: Testing the Hypotheses of Model M 3 Europe: Testing the Hypotheses of Model M 3

4]