Why firms make unilateral investments specific to other firms: the case of OEM suppliers
| Autor: | Danchi Tan, Joseph T. Mahoney, Min Ping Kang |
|---|---|
| Rok vydání: | 2009 |
| Předmět: |
Finance
business.industry Strategy and Management media_common.quotation_subject Context (language use) Investment (macroeconomics) Original equipment manufacturer Knowledge spillover Empirical research Spillover effect Business Business and International Management Database transaction Industrial organization Reputation media_common |
| Zdroj: | Strategic Management Journal. 30:117-135 |
| ISSN: | 1097-0266 0143-2095 |
| DOI: | 10.1002/smj.730 |
| Popis: | This study examines why and under what conditions firms will make unilateral relationship-specific investments to their transaction partners. We propose that firms are more likely to make such investments when the investment yields positive economic spillover values for other transactions with the same exchange partners as well as for third-party transactions. We also model two types of positive inter-project spillover effects that a transaction may generate: knowledge spillovers and reputation spillovers. We find empirical support for our developed theory in the context of Taiwanese suppliers of original equipment manufacturers. Copyright © 2008 John Wiley & Sons, Ltd. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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