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| Author: | Stump, R. |
| Title: | Antecedents of purchasing concentration: a transaction cost explanation |
| Journal: | Journal of Business Research
1995 : OCT, VOL. 34:2, p. 145-157 |
| Index terms: | PURCHASING TRANSACTION COSTS INDUSTRIAL CONCENTRATION |
| Language: | eng |
| Abstract: | The present study develops a model that explicates the relationship between purchasing concentration strategies and transaction governance, i.e. , whether purchasing arrangements are organized in a marketlike fashion using armslength exchanges with many suppliers, versus intermediate form governance that involves interorganiza- tional relationships with one or a few suppliers. Three purchasing concentration decision are the present focus of an empirical study conducted in the chemical industry. |
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