Accounting for ambiguity and trust in partial outsourcing: A behavioral real options perspective

Gao, Yongling; Driouchi, Tarik

doi:10.1016/j.jbusres.2018.06.012

Cited by 10 publications

(12 citation statements)

References 65 publications

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“…Figure 3 also shows the distribution of our five clusters over time. In nearly every year, most of the papers are model applications (Gao and Driouchi 2018 ; Lo 1998 ; Turocy 2008 ). This does not correspond to the review by Goyal and Kumar ( 2021 ), who observe 86% empirical studies, 10% conceptual studies, 3% reviews, and 1% meta-analyses on financial literacy from 2000 to 2019.…”

Section: Bibliometric Analysismentioning

confidence: 99%

“…Contributions on new theoretical models have the highest share of A + publications. Ellsberg’s ( 1961 ) seminal paper on his paradox and further behavioral theories build the basis of research on ambiguity aversion and have been cited most up to now, followed by model applications (Gao and Driouchi 2018 ), experimental papers (Stahl 2014 ), and empirical research (Anderson 2019 ). In recent years, the majority of papers have been data-driven (Altug et al 2020 ; Anderson 2019 ; Brenner and Izhakian 2018 ).…”

Section: Bibliometric Analysismentioning

confidence: 99%

“…It all began with the seminal paper of Ellsberg ( 1961 ), followed by both theoretical and experimental contributions. Recent theoretical applications of the decision-theoretic models are, for instance, Gao and Driouchi ( 2018 ), Bergen et al ( 2018 ), and Dicks and Fulghieri ( 2019 ). Ryall and Sampson ( 2017 ) and Anderson ( 2019 ) are examples of recent empirical studies on ambiguity aversion.…”

Section: Introductionmentioning

confidence: 99%

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Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

2021

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We conduct a bibliometric analysis and review the literature of the last six decades on ambiguity aversion. Comparing trends in theoretical, experimental, and empirical contributions, our study presents the main aspects that are discussed in this literature. We show the increasing relevance of ambiguity aversion for decision-making research and discuss factors influencing attitudes on ambiguity. Our literature review reveals unsolved problems in the research on ambiguity and gives an outlook on new ventures for future research.

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Section: Bibliometric Analysismentioning

confidence: 99%

Section: Bibliometric Analysismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

2021

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“…Firstly, TCE, theory of traction cost economics, was made to describe the make or buy choice. The purpose of outsourcing in the beginning stage of research is to take advantage of cost-effective resources which can bring benefits to outsourcing suppliers like flexibility and innovation [5,25]. It is an interdisciplinary undertaking that joins economics with aspects of organization theory and overlaps extensively with contract law [26].…”

Section: Theoretical Background For Tce Rbv and DCVmentioning

confidence: 99%

Dynamic Outsourcing Development for Sustainable Competitive Advantage in a High-Tech Backend Semiconductor Equipment Firm

Connerton

Kim

2019

Sustainability

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In a high-tech backend semiconductor business where a market environment changes sharply and requires competitiveness of high technology, one of the most important criteria is to establish an optimal strategy for outsourcing development so a firm can achieve a sustainable competitive advantage. Many studies have investigated sustainable and successful strategies for the selection and management of outsourcing suppliers, whereas, this study focuses mainly on analyzing the most affecting factor for outsourcing development in the perspective of dynamic capability by using the Delphi Analytic Hierarchy Process (AHP) method. For the analysis of affecting factors, 4 dimensions are defined: technology, organization, environment, and process. The research result shows that the sustainability of the productive skill in the technology dimension is adopted as the most affecting factor for outsourcing development among the defined 4 dimensions of an outsourcing supplier’s capability. With this research, a high-tech firm can measure the level of each dimension and each factor in developing outsourcing service providers. Then the firm can develop an appropriate outsourcing provider who contributes to the firm’s sustainable competitive advantage. This study also provides a practical and strategic framework of a high-tech firm’s outsourcing development in variable market situations and changeable conditions of transaction.

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“…This type of outsourcing leads to disastrous consequences for consumers and the community. The ambiguity in new activities and high-quality requests from customers has led to outsourcing to minor organizations' activities, so that in the research, considering the cost of outsourcing, the role of factors such as ambiguity and quality, which leads to outsourcing is paid off, and it considers the outsourcing costs as high as the uncertainty surrounding the outsourced issue (Gao and Driouchi, 2018).…”

Section: K 499mentioning

confidence: 99%

A dynamic model of strategic outsourcing with emphasis on human resources and work experience in power industry of Iran

Nikabadi

Hoseini

2019

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Purpose The production of a good or service requires that the supplier performs a wide range of activities. Many companies are trying to fit outsourcing with the dimensions of their organization. Outsourcing is increasingly being used among Iranian companies in the field of the electric power industry. Human resources are among the factors that consider outsourcing as an obstacle for their growth because staffs declare that the development of outsourcing is a serious threat for unemployment of them and ultimately expulsion from work. Thus, this study surveys the dynamic effects of human resources and work experience on outsourcing decisions. This paper aims to propose a model for dynamic strategic outsourcing focusing on human resource and work experience. Design/methodology/approach Presenting a model for strategic outsourcing can help organizations to resolve their outsourcing problems. The data needed for examining the dynamic impact of human resources and work experience on outsourcing have been compiled using library and field studies. The method used in this study is an integrated approach, so the model could consider the general effects of manpower and present a systematic view. After interviewing with experts in power industry, the causal relationships of the variables were determined, and a dynamic model based on the applications of the dynamic system was developed in VENSIM software. The research model will be completed in a three-year period (2016-2019) in the power industry of Iran. Findings For completing projects in an organization, cooperation between internal employees and external contractors is needed; thus, results based on both external contractors and internal staff have shown that outsourcing through working of a number of contractors will be more effective than frequent use of one contractor. On the other hand, improving the quality of projects could be done by training new employees using skilled and expert employees. Originality/value Existence of one-dimensional models (only with qualitative factors or only with quantitative factors) in the context of outsourcing in the past studies has prompted to study different types of factors together as a dynamic model. This paper presents a quantitative and qualitative model in the field of strategic outsourcing with emphasis on human resources and work experience. In the past studies, there was no way to formulate the qualitative factors, and they simply used the data from the organization, and the only formulation in their works was based on quantitative factors. But in this study, both factors with dynamic modeling have been formulated.

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Accounting for ambiguity and trust in partial outsourcing: A behavioral real options perspective

Cited by 10 publications

References 65 publications

Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

Dynamic Outsourcing Development for Sustainable Competitive Advantage in a High-Tech Backend Semiconductor Equipment Firm

A dynamic model of strategic outsourcing with emphasis on human resources and work experience in power industry of Iran

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