A Research Synthesis and Meta-Analysis of

|修士論文|
A Research Synthesis and Meta-Analysis of
Williamson’s Transaction Costs of Supply
Chain Management
サプライチェーン・マネジメントにおけるウィリアムソン
の取引費用論の総括とメタ分析
2010.1
|M2| Chan Yew Cheong, Eamonn
Graduate School of Economics
1
Introduction
Research objectives
Williamson (2008)
• Aims to employ the method of research
TCE could be extended to the SCM researches
synthesis and meta-analysis to evaluate
where both of them share a lot of common ground. the present status of TCE based SCM
empirical researches.
• The central tenet of TCE will be tested
within the background of supply chains.
• It is the goal of this study to generate
insightful findings to guide future
researches of TCE of SCM.
Burgess, Singh, & Koroglu (2006)
However, the discipline of SCM shows no
consistent definition, theory and research method
thus instigate challenges for the integration of
Statement of purpose
these research programs.
• Provides empirical assessment of TCE in
Significance of the study
• Expected to contribute to the scholarly literature and help to improve
operationalization of TCE of SCM.
• Contributes to the refinement of measurement of transactions of
organizations.
• directly contributes toward the formation of a meta-theory of SCM.
• Important in assessing the validity of the constructs of TCE in supply
chains.
• provides significant inference and generalization for the greater
business community.
• Expected to contribute to the supply chain managers in decision
making concerning modes of governance.
• The aggregated impacts of better governance decisions directly affect
the definition of the boundary of the firms.
Eamonn Chan
relation to the mode of governance of
supply chain organizations. It is predicted
that supply chain modes of governance
are primarily related to the transaction
attributes.
• Analyses are carried out in accordance
to the departmental categorization of
procurement, distribution and supply
chain supports.
Delimitations
• Focuses on industrial organizations.
• Employs institutional comparative
analysis.
• Concentrates on Williamson’s TCE.
• Internal organizations are out of scope.
はじめに
Introduction
先行研究
Literatures
方法
Method
研究結果
Results
議論
Discussion
おわりに
Conclusion
2
Literatures
Transaction cost economics
Background
TCE
Coase (1937, 1993a, 1993b);
SCM
はじめに
Williamson (1985); Klaes (2000)
Supply chain management Introduction
Background
The rudiment
[Assumptions] Dietrich (1994); Arrow
(1969); Simon (1978); Akerlof (1970);
[Nature] North (1997); Demsetz
(1993); Rao(2003); Williamson (1985)
TCE&SCM
SC in practice
TCE in SCM researches
Theoretical developments
[Application] Williamson & Masten
(1999); Klein et al. (1978); [Criticism]
Ghoshal & Moran (1996)
Empirical developments
Mentzer et al. (2001); SCOR
Williamson (2008); Croom et al. (2000);
Hobbs (1996); Grover & Malhotra
(2003); Banerjee & Shantanu (2004);
Wever et al. (2009); Loader (1997);
Banterle et al. (2006); Bharadwaj &
Matsuno (2006); Zhao et al. (2007)
Literatures
Tan (2001); CSCMP
SC in literatures
Burgess et al. (2006); Mentzer et al.
(2001); Croom et al. (2000); Tan
(2001)
Macher & Richman (2008); Shelanski
& Klein (1995); Rindfleisch & Heide
(1997); Carter & Hodgson (2006)
Measuring TCs
Hobbs (1996); Wang (2003), Wallis &
North (1986); Polski (2000);
Williamson (2007)
Eamonn Chan
先行研究
Method
研究結果
Results
Moderators
• SC dimensions
議論
• Second order
transaction
attributes
Discussion
• Second order SC
governance
おわりに
H1: Asset specificity is positively related to supply chain governance
• Technology
H2: Uncertainty is positively related to supply chain governance.
• Manufacturing
industry
H3: Frequency is positively related to supply chain governance.
方法
Conclusion
3
Research synthesis, meta-analysis and TCE
Method
[Meta-analysis] Smith & Glass (1977); Lipsey & Wilson (2001);
[TCE review: non meta analyses] Shelanski & Klein (1995); Rindfleisch & Heide (1997); Macher &
Richman (2008); David & Han (2004)
[TCE meta-analyses] Zhao et al. (2004); Geyskens at al. (2006); Crook (2006); Crook et al. (2009)
はじめに
Introduction
先行研究
Meta-analysis reporting standards (Clarke, 2009)
1. Define inclusion and exclusion criteria
2. Identify moderators and perform
mediator analyses
3. Construe search strategies
4. Establish coding procedures
5. Devise statistical methods
Fixed-effect & random effect models
Effect sizes
Literatures
方法
Method
研究結果
Results
議論
Discussion
Publication bias
おわりに
Conclusion
Eamonn Chan
4
Results
Search results
Hypothesis 1: SC governance and
asset specificity
はじめに
Introduction
先行研究
Literatures
Hypothesis 2: SC governance and
uncertainty
方法
Method
研究結果
Results
Hypothesis 3: SC governance and
transaction frequency
議論
Discussion
おわりに
Conclusion
Eamonn Chan
5
Discussion
Research
implications
Transaction costs and supply
chain governance of
procurement, distribution and
supply chain supports
はじめに
Introduction
先行研究
Literatures
方法
Method
研究結果
Procurement
• AS is most influential in the
governance of procurement.
• Focus on investments and
sourcing strategies.
• FQ has implications to vendor
selection, contracting and
supplier relationship
management.
• UC is rather neutral. Require
more research attention.
Eamonn Chan
Distribution
• AS (Physical) is most important
positive factor in the governance
of distribution.
• Focus on customer relationship
management to ensure the most
optimal usage of assets to yield
highest customer satisfaction.
• UC has positive influence in
terms of price and quantity
volatility, country risk and
complexity and difficulty in
assessing agent’s performance.
SC Supports
• AS (Human) is positively
related to SC supports
governance.
• Consistent with the nature of
supports of SC which places
more importance in
experience and skill level
(intangible).
• Important consideration in
outsourcing decision.
Results
議論
Discussion
おわりに
Conclusion
6
Discussion
Managerial
implications
Supply chain vertical
integration, outsourcing and
inter-firm coordination
はじめに
Introduction
先行研究
Literatures
方法
Method
Vertical integration and outsourcing
• AS is positively related to both hierarchical governance
and market exchange.
• Appears that SCs are indifference in deciding vertical
integration and outsourcing.
• [Procurement] AS is positively related to SC’s make-orbuy decisions. SC procurement managers prefer
outsourcing when UC is high.
• [Distribution] AS is more important in market exchange.
• [SC Supports] AS is negatively related to choice of
governance. UC is negatively related to hierarchy
governance.
Eamonn Chan
Inter-firm coordination
• AS is positively related to governance of SC at the
overall SC level.
• investment or possession of transaction specific
assets is highly related to the inter-firms
coordination vis-à-vis contracting arrangements.
• More frequent the transactions call for increasing
use of hybrid contracting than market exchange.
• [Procurement] AS and FQ are the positive factors to
be considered in the coordination of inter-firm
transactions.
• [Distribution/SC Supports] AS and UC are positively
related to the use of hybrid governance structures.
研究結果
Results
議論
Discussion
おわりに
Conclusion
7
Discussion
Managerial
implications
Supply chain, technology
and manufacturing industry
はじめに
Introduction
先行研究
Literatures
方法
Method
Technology
• AS(t) is positively related to SC governance.
• SCs that could leverage technology gain competitive
advantage, hence enhancing SC capabilities,
adaptability and efficiency.
• Similar finding is apparent in the procurement
dimension.
Eamonn Chan
Manufacturing industry
• AS is positively related to SC or within its
procurement and distribution dimensions.
• Capital intensity as a nature of manufacturing
firms.
• Any decision of SC governance in a
manufacturing firm must be made via the
assessment of transaction specific assets.
• FQ is also positively related to SC of
manufacturing firms as production process is
very much quantity driven.
研究結果
Results
議論
Discussion
おわりに
Conclusion
8
This research synthesis and meta-analysis
of TCE of SCM is the first study of its kind
cross examining the relationships of TCs in
the setting of SC organizations.
Key findings:
1. Confirms the proposition that TCs are
related to the governance of SC. The
hypotheses of three TC attributes: AS,
UC and FQ are tested to be supported
in SC organizations.
2. TCs have different level and magnitude
of relationships in the procurement,
distribution and supports dimensions of
SCs.
3. Technological AS are related to the
study of SCM.
4. TCs are found to be relevant in the
manufacturing industry where SCs are
traditionally defined.
Eamonn Chan
Conclusion
Limitations
• Assumptions of meta-analysis are often
criticized for unable to generalize.
• Threats to research synthesis exist (Matt &
Cook, 2009).
• Issue of varying quality of eligible studies.
• Unresolved challenge of TC measurement.
• The limitations of research synthesis and metaanalysis can also be used prospectively for
researchers to plan better and more quality
research synthesis (Matt & Cook, 2009).
Future research directions
• Researchers agree that researches of TCE are
still facing several theoretical and empirical
questions.
• Future researches to increase focus on
functionally separated governance of
organizations.
• Future researches on respective dimension of a
supply chain organization are recommended.
• The further study of the human actor within the
organizations an imperative move.
• Future researches are recommended to target
supply chain inter-firm relationships by
employing case studies or empirical studies
based on primary data.
• The future researches are necessary to
contribute to meta-theory of supply chain
management.
はじめに
Introduction
先行研究
Literatures
方法
Method
研究結果
Results
議論
Discussion
おわりに
Conclusion
9

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