The effects of asset specificity on maintenance financial performance: An empirical application of Transaction Cost Theory to the medical device maintenance field
| Autor: | Antonio Miguel Cruz, Adriana Maria Rios Rincon, Gregory L. Haugan |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Theoretical arguments
Multivariate statistics Information Systems and Management General Computer Science Maintenance Management Science and Operations Research Industrial and Manufacturing Engineering Asset specificity Financial performance Transaction-cost theory Econometrics in health Argument Economics health care economics and organizations Transaction cost Governance structures Multivariate regression analysis Actuarial science Corporate governance Regression analysis Service provider Core (game theory) Biomedical equipment Modeling and Simulation Finance Maintenance services |
| Zdroj: | Repositorio EdocUR-U. Rosario Universidad del Rosario instacron:Universidad del Rosario |
| ISSN: | 0377-2217 |
| DOI: | 10.1016/j.ejor.2014.02.040 |
| Popis: | This study uses multivariate regression analysis to examine the effects of asset specificity on the financial performance of both external and internal governance structures for medical device maintenance, and investigates how the financial performance of external governance structures differs depending on whether a hospital is private or public. The hypotheses were tested using information on 764 medical devices and 62 maintenance service providers, resulting in 1403 maintenance transactions. As such, our data sample is significantly larger than those used in previous studies in this area. The results empirically support our core theoretical argument that governance financial performance is influenced by assets specificity. © 2014 Elsevier B.V. All rights reserved. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect