Partial outsourcing: A real options perspective

被引：58

作者：

Alvarez, Luis H. R. ^{[1
]}

Stenbacka, Rune

机构：

[1] Turku Sch Econ & Business Adm, FIN-20500 Turku, Finland

[2] Univ Helsinki, RUESG, FIN-00014 Helsinki, Finland

来源：

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 2007年 / 25卷 / 01期

关键词：

outsourcing; real options; production mode; INTEGRATION; INVESTMENT; COSTS; FIRM;

D O I：

10.1016/j.ijindorg.2006.01.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We apply a real options approach to develop a general characterization of a firm's optimal organizational mode. We find that the optimal threshold for the establishment of (partial) outsourcing is an increasing function of the underlying market uncertainty. Further, we show that increased market uncertainty induces a higher optimal proportion of outsourced production once the threshold is reached and once this threshold prescribes partial outsourcing. (c) 2006 Elsevier B.V All rights reserved.

引用

页码：91 / 102

页数：12

共 17 条

[1]

[Anonymous], 1992, The Economist, P67

[2] Strategic second sourcing by multinationals [J].

Choi, JP ;

Davidson, C .

INTERNATIONAL ECONOMIC REVIEW, 2004, 45 (02) :579-600

[3]

Domberger Simon., 1999, The Contracting Organization

[4]

A Strategic Guide to Outsourcing

[5] Outsourcing in a global economy [J].

Grossman, GM ;

Helpman, E .

REVIEW OF ECONOMIC STUDIES, 2005, 72 (01) :135-159

[6] Integration versus outsourcing in industry equilibrium [J].

Grossman, GM ;

Helpman, E .

QUARTERLY JOURNAL OF ECONOMICS, 2002, 117 (01) :85-120

[7] THE COSTS AND BENEFITS OF OWNERSHIP - A THEORY OF VERTICAL AND LATERAL INTEGRATION [J].

GROSSMAN, SJ ;

HART, OD .

JOURNAL OF POLITICAL ECONOMY, 1986, 94 (04) :691-719

[8] The boundaries of the firm revisited [J].

Holmstrom, B ;

Roberts, J .

JOURNAL OF ECONOMIC PERSPECTIVES, 1998, 12 (04) :73-94

[9] OPERATING FLEXIBILITY, GLOBAL MANUFACTURING, AND THE OPTION VALUE OF A MULTINATIONAL NETWORK [J].

KOGUT, B ;

KULATILAKA, N .

MANAGEMENT SCIENCE, 1994, 40 (01) :123-139

[10] Foreign direct investment and exports with growing demand [J].

Rob, R ;

Vettas, N .

REVIEW OF ECONOMIC STUDIES, 2003, 70 (03) :629-648

← 1 2 →