Why firms make unilateral investments specific to other firms: the case of OEM suppliers
研究了企业为何及在何种条件下会向交易伙伴进行单边关系专用投资,发现投资能产生正向经济溢出效应时更可能发生,包括知识溢出和声誉溢出,并以台湾原始设备制造商供应商为背景验证。
Abstract This study examines why and under what conditions firms will make unilateral relationship‐specific investments to their transaction partners. We propose that firms are more likely to make such investments when the investment yields positive economic spillover values for other transactions with the same exchange partners as well as for third‐party transactions. We also model two types of positive inter‐project spillover effects that a transaction may generate: knowledge spillovers and reputation spillovers. We find empirical support for our developed theory in the context of Taiwanese suppliers of original equipment manufacturers. Copyright © 2008 John Wiley & Sons, Ltd.