Self-Expansion or Internalization as the Two Processes of Vertical Integration: What Informs the Decision?
Self-Expansion or Internalization as the Two Processes of Vertical Integration: What Informs the Decision?
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DOI：
10.3390/economies9040197
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发表时间：
2021-12
期刊：
影响因子：
2.6
通讯作者：
Noriaki Hashimoto
中科院分区：
文献类型：
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作者：
Noriaki Hashimoto
在纵向一体化文献中，导致纵向一体化的两个过程，即（1）基于内部能力的活动范围的自我扩展和（2）利用外部能力的活动的内部化，并没有被区分。然而，使用内部能力或整合外部能力是管理者的另一种选择，区分它们在实践中至关重要。本研究的目的是区分自我扩张与内化，并系统地解释它们何时可能发生。本研究通过整合交易成本经济学和能力方法，开发了一种独特的垂直整合模型。通过该模型，我们系统地分析了（1）自我扩张和（2）内化的发生。结果表明，如果内部能力易于构建或从公司外部获取能力较困难，并且收购具有所需能力的公司或业务的成本或具有外部能力的活动的治理成本较高，则公司更倾向于自我扩张而不是内部化，反之亦然。我们的模型使人们对垂直整合有了更多的理解。
In vertical integration literature, the two processes leading to vertical integration, namely, (1) self-expansion of the scope of activities based on internal capabilities and (2) internalization of activities with external capabilities have not been distinguished. However, using internal capabilities or incorporating external capabilities is an alternative decision for managers and distinguishing them is crucial in practice. The purpose of this study is to distinguish self-expansion separated from internalization and to explain systematically when they likely occur. This study develops a unique vertical integration model by integrating transaction cost economics and the capability approach. With the model, we systematically analyzed the occurrence of (1) self-expansion and (2) internalization. Results reveal that the firm prefers self-expansion to internalization if it is easy to build the capabilities internally or difficult to procure them from outside the firm and if the costs of acquiring a firm or business with the required capabilities or the governance costs of the activities with external capabilities are high and vice versa. Our model leads to more understanding of vertical integration.