Search results
1 – 7 of 7The impact of specific investments to performance has mixed arguments. This paper aims to clarify how and under what conditions specific investments made by manufacturer tailored…
Abstract
Purpose
The impact of specific investments to performance has mixed arguments. This paper aims to clarify how and under what conditions specific investments made by manufacturer tailored to supplier affect the new product development (NPD) performance of the manufacturer itself.
Design/methodology/approach
This study develops a moderated mediation model, testing the roles of supplier involvement and information technology (IT) implementation by regression and bootstrap analyses from 378 NPD projects.
Findings
The results show both physical and human specific investments positively affect NPD performance. IT implementation strengthens the mediated role of supplier involvement, i.e. the mediator role of supplier involvement between specific investments and NPD performance link is significantly weaker while IT implementation is lower.
Originality/value
The findings contribute to identify IT implementation and supplier involvement as two important constructs, together demonstrating how and when specific investments affect NPD performance.
Details
Keywords
Gustavo Magalhães de Oliveira, Decio Zylbersztajn and Maria Sylvia Macchione Saes
A trend toward higher quality has demanded more strategic investments in the transaction of coffee supply in Brazil. Instead of internalizing this transaction, one firm…
Abstract
Purpose
A trend toward higher quality has demanded more strategic investments in the transaction of coffee supply in Brazil. Instead of internalizing this transaction, one firm, illycaffè, has challenged the vertical integration assumption by adopting contracts to coordinate its supply. Aiming to investigate whether this firm is losing economic efficiency in terms of coordination, or whether it is being efficient due to a proper definition and allocation of property and decision rights, the purpose of this paper is to analyze the transaction attributes of illycaffèâs suppliers according to the vertical integration dilemma.
Design/methodology/approach
The research design is based on a survey of 105 coffee growers analyzed through probit regression. Using a transaction costs approach, the study empirically tests whether well-designed contracts can act as a hierarchy by following the efficient alignment hypothesis.
Findings
The results emphasize asset specificity, uncertainty and incentives as determinants for being an illycaffè supplier. In other words, these findings demonstrate that a well-designed contract can substitute a hierarchy based on transaction costs economics. It contributes by illustrating other coordination alternatives overlapping vertical integration, even in environments of high uncertainty and asset specificity, which encourages other private strategies based on allocation of property and decision rights of hybrid arrangements.
Originality/value
The study adopts a unique survey about transaction costs in the transactions of high-quality coffee supply in Brazil. The main contribution is to shed light on the cases where, how and why contracts can substitute the need for in-house production, and to guide private and public strategies using this background.
Details
Keywords
Hildo Meirelles de Souza Filho and Bruno Varella Miranda
The purpose of this paper is to discuss the relationship between the existence of asset specificity and the architecture of the hybrid governance structures adopted by…
Abstract
Purpose
The purpose of this paper is to discuss the relationship between the existence of asset specificity and the architecture of the hybrid governance structures adopted by horticultural smallholders from the Brazilian region of Serra Fluminense.
Design/methodology/approach
This paper uses a negative binomial regression model to analyze 567 transactions carried out by horticultural smallholders from the Brazilian region of Serra Fluminense. Starting from the insights of Oliver Williamsonâs transaction cost economics, an indicator is constructed with the goal to capture the degree of intensity of coordination from the adoption of diverse bundles of coordination mechanisms in a governance structure.
Findings
The results show that higher levels of human and physical asset specificity affect the intensity of coordination of the transactions in the sample, leading to the adoption of hybrid forms with more complex bundles of coordination mechanisms.
Research limitations/implications
This paper adds to a growing literature that studies the architecture of complex governance structures. However, its empirical conclusions are exploratory.
Originality/value
The contribution of this paper is twofold. First, quantitative empirical studies that analyze the diversity of hybrid forms in the same industry are relatively rare. This contribution also presents a theoretical discussion that might inform scholars dealing with similar research challenges.
Details
Keywords
This paper posits that armâs length buyerâsupplier relationship as the intermediate type between market exchange relations and strategic partnership might be advisable, and…
Abstract
This paper posits that armâs length buyerâsupplier relationship as the intermediate type between market exchange relations and strategic partnership might be advisable, and information technology may have a role as a mechanism actualizing the effects of such armâs length relationship by strategic supplyâline diversification. Based on the theoretical analysis on interactive feedback relationships among IT level, buyerâsupplier relationships, and supply chain structure, we suggest a set of advisable buyerâ supplier relationship type for efficient supply chain management. Also, doing so would be helpful in suggesting a dynamic IT investment and adoption model appropriate for the establishment of productive buyerâsupplier relationship, and further in providing theoretical foundations and practical guidelines on the role and function of BâtoâB Eâcommerce for efficient SC integration.
Details
Keywords
Daniel M. Walker, Timothy R. Huerta and Mark L. Diana
Policy makers and practitioners argue that electronic exchange of clinical data across the healthcare system is a key component of improving health service delivery in the United…
Abstract
Policy makers and practitioners argue that electronic exchange of clinical data across the healthcare system is a key component of improving health service delivery in the United States. Provider administrators, however, question the strategic value of participation in health information exchanges (HIEs) and remain reluctant to participate. Existing research fails to adequately illuminate the potential value derived from HIEs by participating organizations. This paper addresses this gap by developing a conceptual model informed by the complementary theoretical perspectives of the relational view and systems theory to specify both a provider organizationĘźs internal conditions and the HIE structure necessary for both financial accrual and quality improvement. This two-sided model can assist policymakers as they attempt to encourage HIE development, as well as provider and HIE leadership that seek to benefit from HIEs. The propositions developed from this model can also help guide researchers as they evaluate the impact of HIEs.
Peyman Maghsoudi, Sadegh Sadeghi, Qingang Xiong and Saiied Mostafa Aminossadati
Because of the appreciable application of heat recovery systems for the increment of overall efficiency of micro gas turbines, promising evaluation and optimization are crucial…
Abstract
Purpose
Because of the appreciable application of heat recovery systems for the increment of overall efficiency of micro gas turbines, promising evaluation and optimization are crucial. This paper aims to propose a multi-factor theoretical methodology for analysis, optimization and comparison of potential plate-fin recuperators incorporated into micro gas turbines. Energetic, exergetic, economic and environmental factors are covered.
Design/methodology/approach
To demonstrate applicability and reliability of the methodology, detailed thermo-hydraulic analysis, sensitivity analysis and optimization are conducted on the recuperators with louver and offset-strip fins using a genetic algorithm. To assess the relationship between investment cost and profit for the recuperated systems, payback period (PBP), which incorporates all the factors is used as the universal objective function. To compare the performance of the recuperated and non-recuperated systems, exergy efficiency, exergy destruction and corresponding cost rate, fuel consumption and environmental damage cost rates, capital and operational cost rates and acquired profit rates are determined.
Findings
Based on the results, optimal PBP of the louvered-fin recuperator (147âdays) is slightly lower than that with offset-strip fins (153âdays). The highest profit rate is acquired by reduction of exergy destruction cost rate and corresponding decrements for louver and offset-strip fins are 2.3 and 3.9 times compared to simple cycle, respectively.
Originality/value
This mathematical study, for the first time, focuses on introducing a reliable methodology, which covers energetic, exergetic, economic and environmental points of view beneficial for design and selection of efficient plate-fin recuperators for micro gas turbine applications.
Details
Keywords
Marcos Fava Neves, Peter Zuurbier and Marcos Cortez Campomar
Research of existing literature reveals some models (sequence of steps) for companies that want to plan distribution channels. None of these models uses strong contributions from…
Abstract
Research of existing literature reveals some models (sequence of steps) for companies that want to plan distribution channels. None of these models uses strong contributions from transaction cost economics, bringing a possibility to elaborate on a âdistribution channels planning modelâ, with these contributions and organizing the steps according to a sequence that would be useful for companies when reviewing the distribution process. This sequence was refined through inâdepth interviews with companies. Presents the final version of our model incorporating the results from the interviews.
Details