Vertical Integration and Market Structure

Contractual theories of vertical integration derive firm boundaries as an efficient response to market transaction costs. These theories predict a relationship between underlying features of transactions and observed integration decisions. There has been some progress in testing these predictions, but less progress in quantifying their importance. One difficulty is that empirical applications often must consider firm structure together with industry structure. Research in industrial organization frequently has adopted this perspective, emphasizing how scale and scope economies, and strategic considerations, influence patterns of industry integration. But this research has paid less attention to contractual or organizational details, so that these two major lines of research on vertical integration have proceeded in parallel with only rare intersection. We discuss the value of combining different viewpoints from organizational economics and industrial organization.

The evolution of retail banking services in United Kingdom: a retrospective analysis

The purpose of this paper is to assess the sequence of technological changes occurred in the retail banking sector of the United Kingdom against the emergence of customer services by developing an evolutionary argument. The historical paradigm of Information Technology provides useful insights into the ‘learning opportunities’ that opened the way to endogenous changes in the banking activity such as the reconfiguration of its organizational structure and the diversification of the product line. The central idea of this paper is that innovation never occurs without simultaneous structural change. Thus, a defining property of the banking activity is the diachronic adaptation of formal and informal practices to an evolving technological dimension reflecting the extent to which the diffusion of innovation (re)generates variety of micro level processes and induces industry evolution.Information Technology; Retail Banking; History of Technology; Innovation Systems.

Ethics and taxation : a cross-national comparison of UK and Turkish firms

This paper investigates responses to tax related ethical issues facing busines

Determinants of firm-size

Overzicht van theoretische factoren die belangrijk zijn bij het verklaren van schaalgrootte van bedrijven en verschillen in schaalgrootte tussen vergelijkbare bedrijven. Naast de theoretische factoren worden enkele relevante trends beschreven en wordt gekeken naar de impact van deze trends op de mechanismen die schaalgrootte beïnvloeden. Terwijl het aantal overnames en fusies de laatste jaren sterk is toegenomen, is ook het aantal startende bedrijven sterk gegroeid. Per saldo is het gemiddelde bedrijf in Nederland licht in omvang afgenomen. De mechanismen die schaalgrootte en verdeling van schaalgrootte beïnvloeden, zijn bekeken op het niveau van de bedrijven zelf en op het niveau van sectoren. Bij het bedrijfsniveau gaat het bijvoorbeeld om schaal- en scopevoordelen, transactiekosten, ?agency-costs? en de levenscyclus van bedrijven. Mechanismen die belangrijk zijn op het niveau van sectoren of clusters zijn bijvoorbeeld externe schaal- en scope-effecten en netwerkeffecten. Overigens is er veel overlap tussen al deze mechanismen. Trends die belangrijk zijn voor schaalgrootte zijn met name globalisering, technologische ontwikkeling en deregulering.

Knowledge Transfer and the Services Sector in the Context of the New Economy

This paper examines the processes of knowledge transfer in the services sector in the economic reality, increasingly affected by the use of information and communication technologies. An important focus is to explore whether the knowledge transfer channels, traditionally used in manufacturing, can also be made use of in services. To this end, the authors examine the specificity of services with respect to the nature of their output, degree of customer participation in the production process, degree of simultaneity of production and consumption, and study its effect on knowledge transfer. It turns out that in services the following transfer channels are highly important: foreign direct investment, training and producer-consumer two-way knowledge transfer, whereas for manufacturing links with academy and patents are very significant. It is underlined that the characteristics of knowledge holders and knowledge recipients are very important for the process of knowledge transfer. The paper also contains recommendations for policy-making in relation to the knowledge transfer in the Dutch services sector in the context of new economy.economics of technology ;

Environmental innovations, local networks and internationalization

This paper investigates the drivers of the environmental innovations (EI) introduced by firms in local production systems (LPS). The role of firm network relationships, agglomeration economies and internationalization strategies is analysed for a sample of 555 firms in the Emilia-Romagna region, North-East of Italy. Cooperating with 'qualified' local actors - i.e. universities and suppliers - is the most important driver of EI for most firms, along with their training policies and IT innovations. The role of agglomeration economies is less clear and seems to depend on the EI propensity of more locally oriented firms playing in industrial district areas, which might even turn agglomeration economies into dis-economies. Networking effects and agglomeration economies are instead found to strongly promote the adoption of EI by multinational firms, thus highlighting the importance of local-global interactions. We provide some interesting findings for particular kinds of challenging EI in such fields as CO2 abatement and ISO labelling, generally extending the analysis of EI drivers by joining local and international factors.Eco-innovation, foreign ownership, networking, district, agglomeration economics, local production systems

Semantic discovery and reuse of business process patterns

Patterns currently play an important role in modern information systems (IS) development and their use has mainly been restricted to the design and implementation phases of the development lifecycle. Given the increasing significance of business modelling in IS development, patterns have the potential of providing a viable solution for promoting reusability of recurrent generalized models in the very early stages of development. As a statement of research-in-progress this paper focuses on business process patterns and proposes an initial methodological framework for the discovery and reuse of business process patterns within the IS development lifecycle. The framework borrows ideas from the domain engineering literature and proposes the use of semantics to drive both the discovery of patterns as well as their reuse

Environmental Innovations, Local Networks and Internationalization

This paper investigates the drivers of the environmental innovations (EI) introduced by firms in local production systems (LPS). The role of firm network relationships, agglomeration economies and internationalization strategies is analysed for a sample of 555 firms in the Emilia-Romagna region, North-East of Italy. Cooperating with ‘qualified’ local actors – i.e. universities and suppliers – is the most important driver of EI for most firms, along with their training policies and IT innovations. The role of agglomeration economies is less clear and seems to depend on the EI propensity of more locally oriented firms playing in district areas, which might even turn agglomeration into dis-economies. Networking effects and agglomeration economies are instead found to strongly promote the adoption of EI by multinational firms, thus highlighting the importance of local-global interactions. We provide some interesting findings for particular kinds of challenging EI in fields as CO2 abatement and ISO labelling, generally extending the analysis EI driver by joining local and international factors.Eco-Innovation, Foreign Ownership, Networking, District, Agglomeration Economics, Local Production Systems

Securing intellectual capital:an exploratory study in Australian universities

Purpose – To investigate the links between IC and the protection of data, information and knowledge in universities, as organizations with unique knowledge-related foci and challenges.Design/methodology/approach – We gathered insights from existing IC-related research publications to delineate key foundational aspects of IC, identify and propose links to traditional information security that impact the protection of IC. We conducted interviews with key stakeholders in Australian universities in order to validate these links.Findings – Our investigation revealed two kinds of embeddedness characterizing the organizational fabric of universities: (1) vertical and (2) horizontal, with an emphasis on the connection between these and IC-related knowledge protection within these institutions.Research implications – There is a need to acknowledge the different roles played by actors within the university, and the relevance of information security to IC-related preservation.Practical implications – Framing information security as an IC-related issue can help IT security managers communicate the need for knowledge security with executives in higher education, and secure funding to preserve and secure such IC-related knowledge, once its value is recognized.Originality/value – This is one of the first studies to explore the connections between data and information security and the three core components of IC’s knowledge security in the university context