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| Author: | Saeed, K.A. Leitch, R.A. |
| Title: | Controlling sourcing risk in electronic marketplaces |
| Journal: | Electronic markets
2003 : VOL. 13:2, p. 163-172 |
| Index terms: | Electronic commerce Markets Risk Control |
| Freeterms: | e-commerce |
| Language: | eng |
| Abstract: | Transactions through Internet based electronic marketplaces have not expanded rapidly, in spite of high expectations. Recent evidence suggests that the peculiar characteristics of purchasing through Internet-based electronic marketplaces may actually increase sourcing risk. Such marketplaces may expose buyers to suppliers with whom they have no transaction history. Transacting through a public medium (Internet) may raise security and privacy concerns. Along with an evolving legal framework for governing online transactions such concerns may add to the overall cost of transactions. By drawing on transaction cost economics, agency theory, resource dependence theory and channel risk literature this paper identifies transaction risk, security risk and privacy risk as three dimensions of sourcing risk that buyers may face in transacting through Internet-based electronic marketplaces. It also proposes a risk-control framework that captures the linkage btw. sourcing risk and control systems. |
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