The Experts below are selected from a list of 1502904 Experts worldwide ranked by ideXlab platform
Joseph T Mahoney - One of the best experts on this subject based on the ideXlab platform.
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transaction cost economics as a theory of supply chain efficiency
Production and Operations Management, 2020Co-Authors: Mikko Ketokivi, Joseph T MahoneyAbstract:Transaction cost economics (TCE) is one of the most widely referenced organization theories in operations and supply chain management research. Even though TCE is a broadly applicable theory of governance, one of its specific topics of interest—the make‐or‐buy Decision—readily aligns with some of the central research questions on how firms manage supply chains. However, both general management and operations management researchers sometimes misunderstand and misapply TCE's aims, assumptions, and logic. A common mistake is to read TCE as a theory of competence or of power. While TCE relates to both, TCE is essentially a theory of efficient governance of transactions in particular and exchange relationships in general. Our purpose in this study is to review the intellectual and theoretical foundations of TCE, its primary aims, and its applicability as a theory of supply chain efficiency. To this end, we discover much common ground between TCE and research in operations and supply chain management. We close by discussing implications for future research, focusing on how operations and supply chain management researchers could contribute to broader academic conversations on management and governance.
Anne Parmigiani - One of the best experts on this subject based on the ideXlab platform.
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why do firms both make and buy an investigation of concurrent sourcing
Strategic Management Journal, 2007Co-Authors: Anne ParmigianiAbstract:Transaction cost economics, neoclassical economics, and the firm capabilities literatures propose theories of the firm that typically depict firm boundaries determined by a dichotomous choice: the make or buy Decision. However, none of these theories presents a satisfying explanation as to why firms would concurrently source, i.e., simultaneously make and buy the same good. This study combines these organizational economics theories and compares when firms make, buy, and concurrently source through surveying small manufacturing firms. Support was shown for aspects of all three theories, with evidence indicating that concurrent sourcing is a distinctly different choice, rather existing along a make/buy continuum. Copyright 2007 John Wiley & Sons, Ltd.
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why do firms both make and buy an investigation of concurrent sourcing
Social Science Research Network, 2007Co-Authors: Anne ParmigianiAbstract:Transaction cost economics, neoclassical economics, and the firm capabilities literatures propose theories of the firm that typically depict firm boundaries determined by a dichotomous choice: the make or buy Decision. However, none of these theories presents a satisfying explanation as to why firms would concurrently source, i.e., simultaneously make and buy the same good. This study combines these organizational economics theories and compares when firms make, buy, and concurrently source through surveying small manufacturing firms. Support was shown for aspects of all three theories, with evidence indicating that concurrent sourcing is a distinctly different choice, rather existing along a make/buy continuum.
Mikko Ketokivi - One of the best experts on this subject based on the ideXlab platform.
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transaction cost economics as a theory of supply chain efficiency
Production and Operations Management, 2020Co-Authors: Mikko Ketokivi, Joseph T MahoneyAbstract:Transaction cost economics (TCE) is one of the most widely referenced organization theories in operations and supply chain management research. Even though TCE is a broadly applicable theory of governance, one of its specific topics of interest—the make‐or‐buy Decision—readily aligns with some of the central research questions on how firms manage supply chains. However, both general management and operations management researchers sometimes misunderstand and misapply TCE's aims, assumptions, and logic. A common mistake is to read TCE as a theory of competence or of power. While TCE relates to both, TCE is essentially a theory of efficient governance of transactions in particular and exchange relationships in general. Our purpose in this study is to review the intellectual and theoretical foundations of TCE, its primary aims, and its applicability as a theory of supply chain efficiency. To this end, we discover much common ground between TCE and research in operations and supply chain management. We close by discussing implications for future research, focusing on how operations and supply chain management researchers could contribute to broader academic conversations on management and governance.
Ulli Arnold - One of the best experts on this subject based on the ideXlab platform.
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new dimensions of outsourcing a combination of transaction cost economics and the core competencies concept
European Journal of Purchasing & Supply Management, 2000Co-Authors: Ulli ArnoldAbstract:Abstract The outsourcing discussion covers a well known area. The relevant literature refers to a situation which is traditionally well known in theory and practice as “make or buy” Decision. But it is necessary to concentrate on the economic factors of outsourcing Decision. This paper contains a real and detailed analysis of the outsourcing problem. Besides its generic base, we develop an outsourcing model with design alternatives based on institutional economic theory and work out an explanatory approach and concrete recommendations for outsourcing arrangements. Therefore, we combine transaction cost economics and core competencies approach. As a result, the managerial applications of both approaches are compatible.
Julia Gentgen - One of the best experts on this subject based on the ideXlab platform.
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workout management of non performing loans a formal model based on transaction cost economics
Journal of Property Investment & Finance, 2008Co-Authors: Nico Rottke, Julia GentgenAbstract:Purpose – The German banking sector has recently been facing high real estate loan default rates resulting in the accumulation of a high volume of distressed real estate debt in the banks' balance sheets. As a consequence, German banks are confronted with the workout of their non‐ and sub‐performing real estate loans to proactively solve the problem. When doing so, banks have to decide whether they want to conduct the loan workout in their own workout departments (integrative approach) or whether they prefer to outsource the workout to a third party servicer or even sell their bad loan exposure to an external investor (disintegrative approach). This paper aims to investigate this issue.Design/methodology/approach – A bank's Decision to employ an integrative or a disintegrative approach can be transferred into a make‐or buy‐Decision as described by the transaction cost economics. The transaction between the bank and the workout manager is analysed by the transaction characteristics of the transaction cost ...
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workout management of non performing loans a formal model based on transaction cost economics
Research Papers in Economics, 2006Co-Authors: Nico Rottke, Julia GentgenAbstract:As German banks are currently facing the new regulations of Basel II as well as strong global competition, non and sub performing loans have risen to a subject of high interest in German banks. The German press pays high attention to the topic and the constantly growing non performing loan market. Nevertheless, academic research in this field is limited. Therefore, this paper asks the question of the optimal management of distressed loans and reformulates it into the problem of the vertical boundaries of companies. The objective of the paper is to give a recommendation to German bank to solve their non-performing loan problem in terms of the organisational structure of the workout management. From a bankis perspective, organisational integration or disintegration of workout management of non-performing real estate loans is transferred into a make- or buy Decision of the transaction cost economies. Transaction cost economics are used in order to analyse under which circumstances * imakei (own work out department of a bank) or * ibuy/selli (external servicer, investor) options are dominant strategies for German banks in order to solve the non performing loan problem. // A formal transaction cost based model analyses which parameter decide on the optimal organisational structure of the workout management. The degree of specificity of required investments and knowledge can be identified as a key Decision variable in a formal model based on the transaction cost economics.
