The effects of asset specificity on maintenance financial performance: an empirical application of Transaction Cost Theory to the medical device maintenance field

Adriana Maria Rios Rincon, Antonio Miguel Cruz, Gregory L Haugan

Research output: Contribution to journalArticlepeer-review

15 Scopus citations

Abstract

This study uses multivariate regression analysis to examine the effects of asset specificity on the financial performance of both external and internal governance structures for medical device maintenance, and investigates how the financial performance of external governance structures differs depending on whether a hospital is private or public. The hypotheses were tested using information on 764 medical devices and 62 maintenance service providers, resulting in 1403 maintenance transactions. As such, our data sample is significantly larger than those used in previous studies in this area. The results empirically support our core theoretical argument that governance financial performance is influenced by assets specificity.
Original languageEnglish (US)
Pages (from-to)1037 - 1053
Number of pages17
JournalEuropean Journal of Operational Research
Volume237
Issue number3
DOIs
StatePublished - Sep 16 2014

Fingerprint Dive into the research topics of 'The effects of asset specificity on maintenance financial performance: an empirical application of Transaction Cost Theory to the medical device maintenance field'. Together they form a unique fingerprint.

Cite this