Social Preferences and Supply Chain Performance: An Experimental Study
Social Preferences and Supply Chain Performance: An Experimental Study
复制标题
DOI:
10.1287/mnsc.1080.0910
复制
发表时间:
2008-11-01
影响因子:
5.4
通讯作者:
Wu, Yaozhong
中科院分区:
文献类型:
--
作者:
Loch, Christoph H.;Wu, Yaozhong
Supply chain contracting literature has traditionally focused on aligning incentives for economically rational players. Recent work has hypothesized that social preferences, as distinct from economic incentives, may influence behavior in supply chain transactions. Social preferences refer to intrinsic concerns for the other party's welfare, reciprocating a history of a positive relationship, and intrinsic desires for a higher relative payoff compared with the other party's when status is salient. This article provides experimental evidence that social preferences systematically affect economic decision making in supply chain transactions. Specifically, supply chain parties deviate from the predictions provided by self-interested profit-maximization models, such that relationship preference promotes cooperation, individual performance, and high system efficiency, sustainable over time; whereas status preference induces tough actions and reduces both system efficiency and individual performance.