2007
DOI: 10.1016/j.jom.2007.05.002
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Supply chain integration and shareholder value: Evidence from consortium based industry exchanges

Abstract: Recent trade and academic literature point to the importance of supply chain integration among partners as a key determinant of value creation. This paper analyzes the shareholder value effects of setting up industry exchanges, a prominent mechanism used to achieve supply chain integration. Shareholder value effects are estimated by measuring the stock market reaction (abnormal returns) associated with announcements to form or join industry exchanges. We find that abnormal returns from participation in industr… Show more

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Cited by 83 publications
(52 citation statements)
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References 68 publications
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“…Consortia require integrated supply chains to deliver efficiency benefits (Christensen, Germain and Birou, 2005;Mitra and Singhal, 2008), but an underpinning assumption is that a focal organisation leads the supply chain's direction owing to their power and position (Hall and Vredenburg, 2003).…”
Section: Discussionmentioning
confidence: 99%
“…Consortia require integrated supply chains to deliver efficiency benefits (Christensen, Germain and Birou, 2005;Mitra and Singhal, 2008), but an underpinning assumption is that a focal organisation leads the supply chain's direction owing to their power and position (Hall and Vredenburg, 2003).…”
Section: Discussionmentioning
confidence: 99%
“…It is such business process integration that allows companies to exploit the advantages of SCM and thus achieve better performance by lowering costs and increasing profits and customer satisfaction (De Treville et al, 2004;Skjøtt-Larsen et al, 2005;Mitra and Singhal, 2008;Martinez-Sanchez et al, 2009). …”
Section: The Foundation Of Supply Chain Management: Evaluation Of Extmentioning
confidence: 99%
“…Primarily anecdotal evidence, in the form of case studies, exists to support these notions. Exploration of this area by researchers has significant potential for creating more efficient and effective supply chains (Cousins and Menguc 2006;Hult et al 2006;Mitra and Singhal 2008;Paulraj et al 2008).…”
Section: Research Opportunities Relating To Benefits Provided Throughmentioning
confidence: 99%