Determinants of Electronic Integration in the Insurance Industry
Language: English
Published by Forgotten Books, 2024
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.57
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Print on Demand. This book examines the role of electronic integration in the insurance industry, investigating how information technology influences the relationships between insurance carriers and independent agents. Drawing from transaction cost economics theory, the author develops a model of electronic integration and tests it using data from two independent samples of insurance agents. The results suggest that the transaction cost determinants, such as asset specificity and product complexity, do not have a significant impact on electronic integration, potentially due to the mitigating effects of information technology capabilities. This book offers valuable insights into the factors that shape interfirm relationships in the insurance industry and raises important questions about the applicability of transaction cost theory in contexts impacted by information technology. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9780243140992_0
- Title
- Determinants of Electronic Integration in the Insurance Industry
- Author
- Akbar Zaheer, N. Venkatraman
- Publisher
- Forgotten Books
- Publication year
- 2024
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0243140991
- ISBN 13
- 9780243140992
- Seller catalogs
- General Administrative Records
The general argument of transaction cost analysis is that vertical integration is preferred over market exchange when the sum of transaction and production costs of market exchange exceed those of hierarchy. Critical determining conditions for high transaction costs are environmental or transactional complexity and the existence of transaction-specific assets (williamson, 1975, 1985, 1989; Klein, Crawford, and Alchian, Other environmental and behavioral considerations theorized to exacerbate transaction costs are information asymmetry due to bounded rationality, and opportunism combined with small numbers exchange. The general proposition relating transaction costs and governance mechanisms has been refined over the years with greater distinctions among the various types of asset specificity (transaction-specific know-how; site specificity; physical asset specificity; and dedicated assets), as well as a greater recognition of the existence and viability of intermediate mechanisms of governance (williamson, This theoretical proposition has been increasingly subjected to empirical research. For instance, constructs derived from this model have been adopted as the determinants of: backward integration (monteverde and Teece, 1982; Masten, 1984.
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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
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