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Bhuyan, Sanjib

doi:10.1023/a:1013310929902

Cited by 23 publications

(2 citation statements)

References 34 publications

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“…Por su parte, Bhuyan (2002) argumenta que, si bien uno de los beneficios percibidos de la integración vertical de la propiedad es la mejora de la rentabilidad de la empresa integrada, los empíricos ignoran este problema. Además, Bhuyan (2002) añade que las perdidas pueden deberse al fracaso de las fusiones verticales para crear ventajas diferenciales, como el ahorro de costos, para la empresa integrada. Lo anterior, justifica en nuestro trabajo las condiciones requeridas para esta integración.…”

Section: Discussionunclassified

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¿Objetivos económicos o sobrevivencia? teoría de juegos con riesgo durante el COVID-19

Andrade Rosas,

Olivares Aguayo,

Jiménez Bandala

2023

REMEF

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El objetivo de este trabajo es analizar la estrategia de asociación de una empresa en condiciones estables, para tratar de rescatar a otras empresas por la incertidumbre ocasionada por la pandemia del COVID-19. Para este análisis relacionamos los conceptos de utilidad esperada, riesgo, incertidumbre y teoría de juegos, donde el factor riesgo se desprende por la asociación con empresas en posible fracaso, y el factor incertidumbre por la falta de conocimiento respecto a las empresas a asociar. Los resultados muestran que las condiciones por asociar son distintas, dependiendo si el objetivo es económico o de precaución. La aportación del trabajo es analizar metodológicamente el concepto de precaución, derivado de la pandemia, que muestran las empresas cuando deciden asociarse. A pesar de que el trabajo no considera información y condiciones reales de la pandemia, el trabajo concluye y recomienda que si las empresas decidieran anexarse, para abarcar más mercado o recuperarse, tendrían que considerar factores de riesgo e incertidumbre.

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Section: Discussionunclassified

“…Existen medidas para detectar el grado de aversión al riesgo, en particular (Mas-Colell et al, 1995) el coeficiente relativo de aversión al riesgo se define como, 𝑟 𝑅 (𝑥, 𝑢) = −𝑥 𝑢 ´´(𝑥) 𝑢 ´(𝑥) (5) para una riqueza 𝑥 dada y una función de utilidad de Bernoulli 𝑢(𝑥).…”

Section: Expresiones De Riesgo Y Medidas De Incertidumbreunclassified

¿Objetivos económicos o sobrevivencia? teoría de juegos con riesgo durante el COVID-19

Andrade Rosas,

Olivares Aguayo,

Jiménez Bandala

2023

REMEF

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An empirical evaluation of factors determining vertical integration in U.S. food manufacturing industries

Bhuyan

2005

Agribusiness

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Vertical integration has become an important business strategy among food manufacturers because it allows them to manage and customize their production according to consumer needs. Economic theory has shown that vertical integration may be induced by transaction costs, demand variability, market power motives, and other factors. This paper presents an index of forward vertical integration for U.S. food manufacturing industries and uses an econometric analysis to examine the factors that motivate vertical integration in these industries. Empirical results indicate the role of both transaction cost factors and potential monopoly motives. [JEL Classification: L13, Q13.] © 2005 Wiley Periodicals, Inc. Agribusiness 21: 429-445, 2005.

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Vertical (Dis‑)Integration and Firm Performance: A Management Paradigm Revisited

Kaiser

Obermaier

2020

Schmalenbach Bus Rev

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Vertical disintegration in manufacturing industries has been an increasing trend since the 1990s in many countries. According to a prevailing management paradigm of focusing on core competencies, firms should have vertically disintegrated (i.e. outsourced non-core competencies) to achieve cost savings, enhance competitiveness and improve firm performance. In line with this management paradigm, most empirical studies therefore hypothesized a negative linear relationship between the degree of vertical integration and firm performance, expecting performance to rise when vertical integration decreases.In contrast to previous studies, finding mixed results, we assume an inverted u-shaped relationship, theoretically based on transaction cost economics and the resource-based view of the firm, and by considering advantages and disadvantages of vertical integration, with an optimal level of vertical integration, where firms with a too low degree of vertical integration could achieve higher performance by vertical integration, while firms with too broad vertical integration could achieve higher performance by vertical disintegration.With respect to our data based on a sample of 434 German manufacturing firms between 1993 and 2013 we find a decreasing trend of vertical integration over time. Applying multiple regression analysis, our findings suggest a positive, but diminishing relationship between the degree of vertical integration and financial performance. These two findings describe a paradox of vertical disintegration. The decreasing trend mainly emerges because lower performing firms outsourced their

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Untitled

Cited by 23 publications

References 34 publications

¿Objetivos económicos o sobrevivencia? teoría de juegos con riesgo durante el COVID-19

¿Objetivos económicos o sobrevivencia? teoría de juegos con riesgo durante el COVID-19

An empirical evaluation of factors determining vertical integration in U.S. food manufacturing industries

Vertical (Dis‑)Integration and Firm Performance: A Management Paradigm Revisited

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