|
on Economics of Strategic Management |
| By: | Lesley Chiou (Department of Economics, Occidental College) |
| Abstract: | In the movie industry, an intriguing question is why studios cluster their big theatrical hits during the Memorial Day or July 4th weekends in the early summer as opposed to the fall. This paper examines the home video industry to provide more evidence on whether booms in theatrical revenues are supply- or demand-driven. First, I find no evidence of segmentation within the home video market by genre or newness of videos. Secondly, my estimates of the seasonality within the home video market suggest that Memorial Day and July 4th may be more favorable for a theatrical release than Labor Day. |
| Keywords: | home video, seasonality, discrete choice |
| JEL: | C13 L82 |
| Date: | 2005–11 |
| URL: | http://d.repec.org/n?u=RePEc:occ:wpaper:4&r=cse |
| By: | Lesley Chiou (Department of Economics, Occidental College) |
| Abstract: | This paper quantifies the degree of competition and spatial differentiation across retail channels by exploiting a unique dataset that describes a consumer's choice of store. I estimate a consumer's choice of retailer in the sales market for DVDs among online, mass merchant, electronics, video specialty, and music stores. Using a discrete choice model, I allow for unobserved heterogeneity in preferences for store types and disutility of travel. A consumer's traveling cost varies by income, and substitution occurs proportionately more among stores of the same type. Conditional on price and distance, the average consumer still prefers Wal-Mart over most other stores. |
| Keywords: | discrete choice, retail, spatial differentiation |
| JEL: | C25 L81 |
| Date: | 2005–05 |
| URL: | http://d.repec.org/n?u=RePEc:occ:wpaper:3&r=cse |
| By: | Caldart, Adrian A. (Warwick Business School); Ricart, Joan E. (IESE Business School) |
| Abstract: | This paper analyzes the evolution during the period 1986-2002 of the corporate strategy of Lujan, a highly successful car components manufacturer headquartered in Spain, as a way to explore how the corporate level influences the successful evolution of a company exposed to a "turbulent" environment over a long period. We find that the corporate level plays three key roles. First, it drives a firm's evolution by developing a cognitive representation of the firm's competitive landscape. Second, it paces the company's evolution by alternately shifting the balance of organizational initiatives between static efficiency-based "local search" strategies, chosen in times of stability or economic slowdown, and dynamic efficiency-based "long jump" strategies, adopted during periods of major environmental turbulence. Long-jump corporate strategies, carried out through limited downside strategic initiatives such as real options and strategic alliances ("off-line long-jumps"), are particularly frequent in these circumstances. The third role consists of developing an organizational architecture that frames the self-organized coordination of the different business divisions. The Lujan story clearly illustrates the important role of corporate strategy in a firm that must undergo radical transitions as a result of major environmental changes. |
| Keywords: | corporate strategy; turbulent environments; complexity theory; car components; |
| Date: | 2006–03–27 |
| URL: | http://d.repec.org/n?u=RePEc:ebg:iesewp:d-0623&r=cse |
| By: | Lynne G. Zucker; Michael R. Darby |
| Abstract: | This paper extends the concept of star scientist to all areas of science and technology. We follow 1,838 stars' careers 1981-2004, using their publication history to locate them each year. The number of stars in a U.S. region or in one of the top-25 science and technology countries has a consistently significant and quantitatively large positive effect on the probability of firm entry in the same area of science and technology. Thus the stars themselves rather than their potentially disembodied discoveries play a key role in the formation or transformation of high-tech industries. Other measures of academic knowledge stocks have weaker and less consistent effects. We identify separate economic geography effects in poisson regressions for the 179 BEA-defined U.S. regions, but not for the 25 countries analysis. Stars become more concentrated over time, moving from areas with relatively few peers to those with many in their discipline. A special counter-flow operating on the U.S. versus the other 24 countries is the tendency of foreign-born American stars to return to their homeland when it develops sufficient strength in their area of science and technology. In contrast high impact articles and university articles and patents all tend to diffuse, becoming more equally distributed over time. |
| JEL: | O31 J61 J44 M13 |
| Date: | 2006–04 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:12172&r=cse |
| By: | Caldart, Adrian A. (Warwick Business School); Ricart, Joan E. (IESE Business School) |
| Abstract: | The notion of "parenting styles", introduced by Goold, Campbell and Alexander, has been widely acknowledged by the Corporate Strategy literature as a good broad description of the different ways in which corporate managers choose to manage and organize multibusiness firms. The purpose of this paper is to present a formal test of the relationship between parenting style and performance. For this test, we developed a set of agent-based simulations using the Performance Landscapes framework, which captures and describes the evolution of firms led by different parenting styles in business environments with different levels of complexity and dynamism. We found that the relative performance of each style is contingent upon the characteristics of the environment in which the firm operates. In less complex business environments, the Strategic Planning style outperforms the Strategic Control and Financial Control styles. In highly complex and highly dynamic environments, by contrast, the Strategic Control style performs best. Our results also demonstrate the importance of planning and flexibility at the corporate level and so contribute to the wider debate on Strategic Planning vs. Emergent Strategies. |
| Keywords: | Corporate strategy; Parenting styles; Agent-based models; |
| Date: | 2006–03–25 |
| URL: | http://d.repec.org/n?u=RePEc:ebg:iesewp:d-0621&r=cse |
| By: | F. Lotti; E. Santarelli |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:461&r=cse |
| By: | Philipp Köllinger; Maria Minniti |
| Abstract: | Using a sample obtained from a survey conducted in the United States during summer 2002, we study the variables related to observed differences in the rate of entrepreneurial involvement between black and white Americans. We find strong evidence that differences in subjective and often biased perceptions are highly associated with entrepreneurial propensity across these two racial groups. In addition, we find that black Americans tend to exhibit more optimistic perceptions of their business environment than other racial groups and are more likely than others to attempt starting a business. In fact, our results show that blacks are almost twice as likely as whites to try starting a business. Thus, our results suggest that the under representation of black Americans among established entrepreneurs is not due to lack of trying but may instead be due to stronger barriers to entry and higher failure rates. |
| Keywords: | Entrepreneurship, Black Entrepreneurship, Minority Entrepreneurship, Nascent Entrepreneurship. |
| JEL: | J15 J23 M13 |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwwpp:dp574&r=cse |
| By: | Giulio Cainelli (Università degli Studi di Bari); Donato Iacobucci (Università Politecnica delle Marche) |
| Abstract: | Over the last few years a growing number of contributions have shown that the presence of business groups, i.e. sets of firms legally distinct but belonging to the same owner(s), is significant. From a theoretical point of view, this presence poses the question of whether the group or the single legal unit should be considered as the elementary unit in economic analysis: i.e., what is generally meant in microeconomic theory by ‘firm’. In this paper we consider the group as the appropriate unit to delimit the firm’s boundary, i.e. as the ‘observed’ organizational form adopted by firms when they grow in size. Starting from this hypothesis, the main aim of this paper is to analyse the role of structural variables, such as spatial agglomeration and technology, in determining some features of business groups’ strategy and organization. Specifically, the analysis concerns the presence and organizational specificity of business groups based on their membership of industrial districts (as a proxy for spatial agglomeration) and to the role of spatial agglomeration and technology in vertical integration strategies. To conduct the analysis, we take advantage of a new and large data-set at firm and business group level, recently developed by ISTAT (the Italian National Statistical Institute). The data-set, referring to 2001, covers all manufacturing firms organized as joint-stock companies. |
| Keywords: | Business Groups, Agglomeration, Technology, Organisation and Strategy |
| JEL: | L22 R12 |
| Date: | 2006–03 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2006.43&r=cse |
| By: | Alfons Palangkaraya (Melbourne Institute of Applied Economic and Social Research, The University of Melbourne); Jongsay Yong (Melbourne Institute of Applied Economic and Social Research, The University of Melbourne) |
| Abstract: | We study the link between plant turnover and productivity using Indonesian plant-level data for the period of 1990-95. First, we compare productivity differentials among incumbents, entrants, and exiting plants by constructing the Farrell technical efficiency index using data envelopment analysis. We test the significance of these differentials using Simar and Wilson (1998) bootstrap algorithm and Li’s (1996) nonparametric test of closeness between unknown distributions. We find that the incumbent plants are on average the most productive group in every year of the estimation period. Also, the new plants are relatively less productive than the exiting plants in the early years. However, they are more productive than the exiting plants in the later years. Second, and more importantly, we estimate the productivity change during the study period using the Malmquist productivity change index and decompose the change to see if the differences in measured productivity change among the three groups of plants come from differences in the efficiency change or the technical change. Since the existing literature rarely distinguishes between these two different components, little is known whether exiting plants are less productive because of their inability to catch up to the current frontier or to adopt a better technology. Similarly, not much known whether entrants’ ability to survive come from their being equipped with a ’better’ technology or being able to catch up to the current frontier. Our findings indicate that although new plants enter with relatively lower productivity levels, they exhibit the highest productivity change during the early years. In addition, we find entrants’ high productivity growth in the early period is due to a movement toward the frontier, while in the later period is due to an upward shift of the technology frontier. Exiting plants, on the other hand, exhibit the lowest productivity change during the early years when entrants experience high productivity change. |
| JEL: | D24 L63 |
| Date: | 2006–04 |
| URL: | http://d.repec.org/n?u=RePEc:iae:iaewps:wp2006n08&r=cse |
| By: | Hugo Salgado; Manuel Romero-Hernández |
| Abstract: | In this article we use four different indices to measure cost performance of the European Airline Industry. By using the number of routes as an indicator of Network Size, we are able to estimate indicators of Economies of Density, Network Size and Spatial Scope. By estimating total and variable cost functions we are also able to calculate an index of the excess capacity of the firms. For this purpose, we use data from the years 1984 to 1998, a period during which several deregulation measures were imposed on the European airline industry. Our results suggest that in the year 1998, almost all the firms had Economics of Density in their existing networks, while several of the firms also had Economies of Network Size and Economies of Spatial Scope. These results support our hypothesis that fusion, alliance, and merger strategies followed by the principal European airlines after 1998 are not just explained by marketing strategies, but also by the cost structure of the industry. |
| URL: | http://d.repec.org/n?u=RePEc:fda:fdaddt:2006-13&r=cse |
| By: | F. Barigozzi; P. Garella; M. Peitz |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:441&r=cse |
| By: | Frédéric Marty (IDEFI - Institut de droit et d'économie de la firme et de l'industrie - http://www.idefi.cnrs.fr/ - [CNRS : FRE2814] - [Université de Nice Sophia-Antipolis] - []) |
| Abstract: | Le propos de cet article tient à l'analyse du modèle économique mis en place par la firme Enron et dans un questionnement quant à son rôle dans la crise de l'électricité californienne au début des années 2000. |
| Keywords: | Marchés de l'électricité, pouvoir de marché, incitations |
| Date: | 2006–04–24 |
| URL: | http://d.repec.org/n?u=RePEc:hal:papers:halshs-00010371_v1&r=cse |
| By: | Mele, Domenec (IESE Business School) |
| Abstract: | Mary Parker Follett never wrote on ethics in management nor on business ethics, both of which are now familiar. However, some implicit and even explicit references to these topics can be found in her thought. What is more, underlying her whole approach to business and management are concepts that have a lot to do with ethics. Follett holds that the manager must accept standards established by professional managerial associations. Additionally, she is aware of the contribution of business management to individual development and to the welfare and culture of society. She also presents a seminal approach to stakeholder theory. Her concept of ethics is related to her dynamic vision of the individual and society. It overcomes subjectivism and the narrow view of an individualistic ethics, but it is not an ethics rooted in ethical principles or in human virtues. |
| Keywords: | Management; History; Business ethics; Social sciences; Stakeholder theory; |
| Date: | 2006–03–15 |
| URL: | http://d.repec.org/n?u=RePEc:ebg:iesewp:d-0618&r=cse |
| By: | D. Lanzi |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:405&r=cse |
| By: | G. Chiesa |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:397&r=cse |
| By: | Belderbos René; Carree Martin; Lokshin Boris (METEOR) |
| Abstract: | This paper assesses the performance effects of simultaneous engagement in R&D cooperation with different partners (competitors, clients, suppliers, and universities and research institutes). We test whether these different types of R&D cooperation are complements in improving productivity. The results suggest that the joint adoption of cooperation strategies could be either beneficial or detrimental to firm performance, depending on firm size and specific strategy combinations. Customer cooperation helps to increase market acceptance and diffusion of product innovations and enhances the impact ofcompetitor and university cooperation. On the other hand, smaller firms also face diseconomies in pursuing multiple R&D cooperation strategies, which may stem from higher costs and complexity of simultaneously managing multiple partnerships with different innovation objectives. |
| Keywords: | management and organization theory ; |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:dgr:umamet:2006013&r=cse |
| By: | Møller, Charles (Department of Business Studies); Kræmmergaard, Pernille (Department of Business Studies); Rikhardsson, Pall (Department of Business Studies) |
| Abstract: | This paper proposes four cornerstones of a future Information Systems curriculum. It analyzes the challenges of the IS curriculum based on the development of enterprise systems, and further argues that the practice and the research into enterprise systems have progressed to a new stage resulting in the emergence of Enterprise Systems Management (ESM). Enterprise Systems Management calls for new competences and consequently represents new challenges to the IS curriculum. The paper outlines potential teaching issues and discusses the impact on the IS curriculum. Finally the paper suggests ways of approaching the challenges. |
| Keywords: | No; keywords |
| Date: | 2006–04–25 |
| URL: | http://d.repec.org/n?u=RePEc:hhb:aaracc:91-007&r=cse |
| By: | Sumon Kumar Bhaumik (Brunel University and IZA Bonn); Shubhashis Gangopadhyay (India Development Foundation); Shagun Krishnan (India Development Foundation) |
| Abstract: | It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored the strategic reactions of incumbent firms when threatened by the possibility of entry. However, following De Soto (1989), there has been increasing emphasis on regulatory and institutional factors governing entry rates, especially in the context of developing countries. Using 3-digit industry level data from India, for the 1984-97 period, we examine the phenomenon of entry in the Indian context. Our empirical results suggest that during the 1980s industry level factors largely explained variations in entry rates, but that, following the economic federalism brought about by the post-1991 reforms, variations entry rates during the 1990s were explained largely by state level institutional and legacy factors. We also find evidence to suggest that, in India, entry rates were positively associated with growth in total factor productivity. |
| Keywords: | entry, productivity, institutions, regulations, India, reforms |
| JEL: | L11 L52 L64 L67 O14 O17 |
| Date: | 2006–04 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp2086&r=cse |
| By: | Masaki Nakabayashi (Graduate School of Economics, Osaka University) |
| Abstract: | We have seen many cases where the factory system emerges and realizes higher productivity in the process of industrialization. However, also seen in history is that other types of production organization have kept expanding and have reached at some high performance. For instance, the putting-out system rather than the factory system has sometimes been chosen in the fabric industry, where the flexibility of production and the variety of products are especially important to respond to the fashion. This type of production organization has prospered even during the industrialization since the 19th century, supported by the development of some modern technologies such as synthetic dyes. This study inquires a case of the silk fabric industry in Kiryu, Gunma Prefecture, Japan. In Kiryu, the traditional silk textile industry developed in the Tokugawa era, and the industry even grew more under the putting-out system during the industrialization in Japan since the late 19th century, because the putting-out system with synthetic dying was the optimal combination to realize the variety of products required in the mass consumption in the industrial society. |
| Keywords: | multitask Governance of trades, Putting-out system, Industrial district, Japanese textile industry, Repeated game. |
| JEL: | L67 L14 N95 |
| Date: | 2006–04 |
| URL: | http://d.repec.org/n?u=RePEc:osk:wpaper:0610&r=cse |
| By: | G. Bertuzzi; L. Lambertini |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:400&r=cse |
| By: | Bhat Ramesh; Jain Nishant |
| Abstract: | This paper analyses financial performance of corporate hospitals in India. While studying the financial performance of hospitals in our previous work we observed that there are some distinct differences between unlisted and listed hospitals. It is hypothesised that corporate hospitals which are listed on the stock exchanges are likely to be more aware about corporate governance issues and ensure better utilisation of resources and meet expectation of various stakeholders. We study the differences in listed and unlisted hospitals in this paper. The findings suggest that operating cost ratio of listed hospitals is significantly different and lower from the unlisted hospitals. We also find that borrowings of unlisted hospitals are much higher than listed hospitals because they have no access to capital markets to raise money. This increase the financial vulnerability of unlisted hospitals as their ability to service the debt is low. We discuss the implications of these results. |
| Date: | 2006–03–29 |
| URL: | http://d.repec.org/n?u=RePEc:iim:iimawp:2006-03-07&r=cse |
| By: | Rikhardsson, Pall (Department of Business Studies); Kræmmergaard, Pernille (Department of Business Studies) |
| Abstract: | This paper reports the results of an explorative study of six large Danish companies regarding the effects of ERP implementation and use. The study is part of a larger ERP study programme at the Aarhus School of Business. The data collection approach applied was based on interviews and management case writing. The main results show that the effects of ERP implementation and use are seldom fully predictable by management. The ERP system can be seen as an organisational actor in its own right as it to a large extent influences values, culture, behaviour, processes and procedures of other actors in the organisation. Given the complexity, size and organisational embeddedness of ERP systems, it can be said that the implementation project never ends and the ERP system becomes a significant variable in the future direction of the organisation |
| Keywords: | No keywords; |
| Date: | 2005–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:hhb:aaracc:93-010&r=cse |
| By: | Nishaal Gooroochurn (Nottingham University Business School); Aoife Hanley (Nottingham University Business School) |
| Abstract: | This paper investigates the relative importance of property rights (PR) and transactions cost (TC) factors in driving the decision of firms to outsource innovation. The TC literature explains a small part of outsourcing decisions (cost saving motives) while the PR literature deals with revenue maximisation. Using data for over 8,000 firms from the UK Community Innovation Survey, we find that PR variables dominate over TC variables. Our results suggest that the decision to outsource innovation is mostly driven by the ability of firms to control information leakages, less so by cost motives. |
| Keywords: | transaction cost, property rights, innovation |
| JEL: | L2 O3 |
| Date: | 2006–04–18 |
| URL: | http://d.repec.org/n?u=RePEc:nub:occpap:17&r=cse |
| By: | Rikhardsson, Pall (Department of Business Studies); Rohde, Carsten (Copenhagen Business School); Rom, Anders (Copenhagen Business School) |
| Abstract: | Society is evolving from the industrial society towards the information society where information technology plays a crucial role. Few IT innovations have had as much impact on business organizations in the past years as Enterprise Systems (ES). These systems affect most functions in the organization as they support and standardize business processes, integrate data, can integrate external business partners into business processes and influence management activities such as planning and control. The main objective of this paper is to add to the limited body of knowledge of the relationship between ES and management control. We describe the changes taking place in companies operating in the information society, describe and define management control and review existing research on the relationship between management control and enterprise systems. We criticize existing management control frameworks for not recognizing the significance of information, communication and risk control in today’s operating environment. Finally, we propose a framework for viewing management control in the information society |
| Keywords: | No keywords; |
| Date: | 2005–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:hhb:aaracc:93-008&r=cse |
| By: | Aleksandra Hauke (University of Economics) |
| Abstract: | The aim of the article is to verify the hypothesis, that despite the cultural differences existing among Great Britain, Hungary and Poland, all enterprises put much effort to ensure good conditions for knowledge sharing by their employees. It consists of two major parts. In the first one, the theoretical concepts of culture and knowledge are presented. In the second part, the interpretation of results obtained in research on macro and micro level analyses in three European countries are shown. The macro level analysis is based on the differences in cultural dimensions presented by G. Hofstede and R. Gestland while the micro level analysis is conducted based on the results of empirical investigation carried out by International Research Group: Marketing in the XXI century, among companies operating in Great Britain, Hungary and Poland. Results obtained through this survey are compared with cultural dimensions in order to see how significant the distance between the received theory and empirical investigation is. |
| Keywords: | Cultural Differences, Knowledge Transfer |
| JEL: | L10 |
| Date: | 2006–04 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2006.50&r=cse |
| By: | Kræmmergaard, Pernille (Department of Business Studies); Rose, Jeremy (Department of Computer Science) |
| Abstract: | In the implementation of an ERP system in a large Danish production company (here referred to as Omega), discourse surrounding the project changed appreciably during the course of the project. Drawing on recent adaptations of discourse theory, we provide a theoretical model which relates technological discourse to actions and outcomes. The model provides a theoretical explanation for how one dominant technological discourse in an organisation can be replaced by another. The ERP implementation at Omega was originally cast as a classical IT project (reflecting the dominant ways of thinking about system development and project management both in industry and academia); however, the experience of the project clearly changed the sense-making of the participants and the implementation later came to be regarded as an technology-driven organisational change initiative. The new technological discourse helped the organisational actors to perceive value in what they were doing. However, it also has many implications for practice in large IT implementations, and some of these are elaborated |
| Keywords: | No keywords; |
| Date: | 2006–04–25 |
| URL: | http://d.repec.org/n?u=RePEc:hhb:aaracc:91-008&r=cse |
| By: | Stephan Alberth; Chris Hope |
| Abstract: | Presented research demonstrates the inclusion of endogenous technical change into the PAGE2002 integrated assessment model of climate change. The ‘experience curve’ or learning-by-doing concept, made popular by the Boston Consulting Group during the 1960’s provides a mechanism with which to describe cost reduction through experiential learning. The implementation of learning requires both a restructuring of the way costs are modelled as well as the inclusion of an explicit learning function with initial abatement costs and learning coefficients calibrated to historical renewable energy data. The discounted values for total abatement costs are calculated for both the standard PAGE2002 model without an explicit learning function and the modified PAGE2002 model. The results were found to be of a similar magnitude, partially due to the myopic effects of discounting, though the result was found to be highly sensitive to the learning rate used, which in our case was a conservative estimate. |
| Keywords: | Endogenous Technical Change, Learning Curves, Climate Change |
| JEL: | O13 Q55 Q56 |
| Date: | 2006–04 |
| URL: | http://d.repec.org/n?u=RePEc:cam:camdae:0632&r=cse |
| By: | Christian Growitsch; Heike Wetzel |
| Abstract: | Im Zuge der Reformen der europäischen Eisenbahnindustrie entschieden die nationalen Regierungen Europas sowie die EU Kommission, die Eisenbahnmärkte zu liberalisieren und die Schieneninfrastruktur vom Fahrbetrieb organisatorisch zu trennen. Vertikal integrierte Eisenbahnunternehmen – Unternehmen, die sowohl das Schienennetz als auch den Transportbetrieb unterhalten – äußern die Befürchtung, daß eine solche Separierung Vorteile der vertikalen Integration (sogenannte Verbundvorteile) vermindern würde und somit nicht geeignet sei, die gesamtgesellschaftliche Wohlfahrt zu erhöhen. In diesem Aufsatz untersuchen wir mittels einer pan-europäischen Analyse die Produktivität europäischer Eisenbahnunternehmen und berücksichtigen dabei insbesondere etwaige Verbundvorteile indem wir überprüfen, ob integrierte Eisenbahnunternehmen eine höhere technische Effizienz aufweisen als vertikal separierte Unternehmen. Dazu berechnen wir ein Data Envelopment Analysis super-efficiency bootstrapping Modell, das die Effizienz der integrierten Produktionstechnologie im Verhältnis zu einer Referenzgruppe virtueller, aus den separierten Unternehmen konstruierter Beobachtungseinheiten berechnet. Unsere Forschungsergebnisse weisen auf existierende Verbundvorteile für die Mehrzahl der europäischen Eisenbahnunternehmen hin. |
| Date: | 2006–04 |
| URL: | http://d.repec.org/n?u=RePEc:iwh:dispap:5-06&r=cse |
| By: | Jakobsen, Morten (Department of Business Studies) |
| Abstract: | This paper focuses on which characteristics managers take into account when they choose <p> and evaluate business partners, and the interrelationship between the constructs trust, control <p> and information. The paper is based on a survey which includes 101 small and middle-sized <p> manufacturing companies in Denmark. The results show that managers frequently express <p> that trust is an important aspect of a good relationship. Also product-related attributes and <p> relational attributes have a bearing in a network setting. On the other hand, no significant <p> correlation between neither trust and control nor trust and information is found. The findings <p> indicate that the three constructs are relevant, and the level of embeddedness is found to <p> influence both the absolute and the relative importance of the three constructs, and thereby <p> the role of management accounting at different development stages of relationships |
| Keywords: | Trust; management of networks; embeddedness; survey |
| Date: | 2006–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:hhb:aaracc:93-011&r=cse |