haku: @author Coles, J. W. / yhteensä: 2
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| Tekijä: | Coles, J. W. Hesterly, W. S. |
| Otsikko: | The impact of firm-specific assets and the interaction of uncertainty: an examination of make or buy decisions in public and private hospitals |
| Lehti: | Journal of Economic Behavior and Organization
1998 : AUG, VOL. 36:3, p. 383-409 |
| Asiasana: | CONTRACTS COMPANIES HEALTH SERVICE ASSETS TRANSACTION COSTS |
| Kieli: | eng |
| Tiivistelmä: | In the study, the impact of uncertainty is examined, as articulated in the transaction cost economics framework, and its interaction with asset specificity in determining make or buy decisions. The analysis of a sample of over 2900 transactions supports the view that in the presence of specific assets increased uncertainty will induce firms to integrate at lower levels of asset specificity. It is also found that transaction cost explanations are subject to contextual factors. In particular, the results support transaction cost predictions for private hospitals, but not for public hospitals, where market efficiency pressures are not as strong. |
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