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

Resultado de la investigación: Contribución a RevistaArtículo

13 Citas (Scopus)

Resumen

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.
Idioma originalEnglish (US)
Páginas (desde-hasta)1037 - 1053
Número de páginas17
PublicaciónEuropean Journal of Operational Research
Volumen237
N.º3
DOI
EstadoPublished - sep 16 2014

Huella dactilar

Transaction Costs
Governance
Specificity
Maintenance
Costs
Multivariate Regression
Multivariate Analysis
Regression Analysis
Regression analysis
Transactions
Internal
Medical devices
Financial performance
Transaction cost theory
Asset specificity
Governance structure

Citar esto

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The effects of asset specificity on maintenance financial performance: an empirical application of Transaction Cost Theory to the medical device maintenance field. / Rios Rincon, Adriana Maria; Miguel Cruz, Antonio; Haugan, Gregory L.

En: European Journal of Operational Research, Vol. 237, N.º 3, 16.09.2014, p. 1037 - 1053.

Resultado de la investigación: Contribución a RevistaArtículo

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AU - Haugan, Gregory L

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N2 - 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.

AB - 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.

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