한국 농기계산업의 수직적 통합의 결정요인분석

목차

제 Ⅰ 장 서 논

제 1 절 연구의 필요성
제 2 절 연구의 목적
제 3 절 연구의 방법 및 범위
제 4 절 선행연구의 검토

제 Ⅱ 장 농기계산업 수직적 통합의 이론적 배경과 부품거래 실태

제 1 절 수직적 통합의 이론적 배경
제 2 절 농기계산업의 특성과 거래비용이론의 적용성
제 3 절 농기계산업의 수직적 부품거래의 특성

제 Ⅲ 장 농기계산업의 수직적 통합의 결정요인분석

제 1 절 접근방법
제 2 절 실증분석모형
제 3 절 분석자료
제 4 절 분석결과
제 5 절 실제 거래방식과 예측된 거래방식간 비교
제 6 절 분석결과의 함의

제 Ⅳ 장 결 논

제 1 절 연구결과의 요약 및 시사점
제 2 절 연구의 한계 및 향후 과제

본문내용

ables as determinants of vertical integration: physical assets specificity, site specificity, human capital specificity, technology complexity, possibility of alternative supplier, component exchangeability, and labor intensity of the production process. Also, a dummy variable is included to control systematic differences among the three firms with regard to vertical integration.
For all the independent variables, managers made all responses on a five point Likert scale. Make-or-buy decisions were assigned a binary value with 0 for the decision to outsource, and 1 for the decision to vertically integrate. The data were analysed using the PROBIT estimation model of LIMDEP. The important results and implications of this study are illuminated below.
The coefficient on physical assets specificity is negative but insignificant. This suggests that if the physical assets are very specific then assemblers may rely on various forms of quasi-vertical integration to control the problems of opportunism and maladaptation. Also, to mitigate the problems of opportunism and maladaptation, agricultural machinery assemblers use "credible commitments" such as financial assistance, technological assistance, and managerial assistance. The coefficient of specific human capital is positive and significant. This suggests that assemblers search for another means to control the problems of opportunism in the case of specific human capital. As a result, assemblers would search for firm-specific skilled workers. The coefficient of technological complexity, a proxy variable for uncertainty, has a positive and slightly significant influence on vertical integration in the Korean agricultural machinery industry. The coefficient of site specificity is positive and significant. This implies that the components produced by assemblers are site specific components rather than outsourced components. The coefficient of alternative possibility of supplier and the coefficient of component exchangeability are both negative and significant. The coefficient of labor intensity of the production process is negative but insignificant. The coefficients of all dummy variables are negative and significant. However, the study could not determine clearly the different influence of vertical integration on each firm as this would require further delving into firm-specific attributes.
The model presented here which compared actual transaction patterns with predicted transaction patterns correctly predicted 338 of 369, or 91.6 percent, of the observations. Thus, the results ascertain that this analytical model makes a valuable contribution to Korean agricultural machinery assemblers' decision on the choice of transaction pattern, that is, on the procurement of components in the industry.
Keywords : Korean Agricultural Machinery Industry, Transaction Cost Theory, Vertical Integration, Outsourcing, Agricultural Machinery Assembler, Agricultural Machinery Parts Supplier
Student Number : 90507-803

키워드

농기계산업,   거래비용이론,   수직적 통합,   분석결과의 함의,   실제 거래방식과 예측된 거래방식간 비교,   분석결과