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Specific investments in marketing relationships: expropriation and bonding efects
Specific investments, which are tailored to a particular company or value-chain partner, are important components of firms' marketing strategies. At the same time, extant theory suggests that such investments pose considerable risk because they put the receiver in a position to opportunistically exploit the investor. In this article, the authors examine this expropriation scenario but also consider whether specific investments, because of their specialized nature, may actually bond the receiver and reduce opportunism under certain conditions. These conditions involve a focal relationship's time horizon and particular norms. The key theoretical argument is that the effect of specific investments on opportunism will shift in a nonmonotonic fashion over the range of these relationship conditions. The authors test their research hypotheses empirically through parallel analyses on each side of 198 matched buyer-supplier dyads. The empirical tests provide general support for the predictions but also reveal differences between buyers and supplies regarding the focal effects..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : American Marketing Association |
|---|---|
| Edisi | - |
| Subjek | Investments Theory Discriminant analysis Risk assessment Expropriation Opportunity Market strategy studies |
| ISBN/ISSN | 222437 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |