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Honeymoons in supply chain relationships The effects of financial capital, social capital and psychological commitment

Honeymoons in supply chain relationships The effects of financial capital, social capital and... Purpose – Cooperation in logistics and supply chain management has most often been studied as a characteristic of a focal firm, rather than as a relationship property, and inter‐organisational aspects need to be better understood. The purpose of this paper is to draw on insights from theories on individuals and organisations to study recently formed supply chain relationships (SCRs). Design/methodology/approach – Following a literature review, the study develops an alternative view to the dominant strand of research on relational capital in SCRs. Drawing on insights from other disciplines, not usually associated with supply chain management, refutable propositions are suggested. Appropriate measurement scales for the new variables are suggested. Findings – The notion of relational capital in SCRs is extended to include financial capital and psychological commitment. New propositions that relate relational capital and length of the honeymoon period (the time period immediately after SCR formation, during which the threat of dissolution is non‐existent) are suggested. Research limitations/implications – The ideas presented in this paper have the potential to enrich further study on behavioural phenomena in SCRs as the analysis makes explicit the financial, social, and psychological dimensions of relational capital. Practical implications – This paper presents managers with a richer framework than previously existed to guide their formation and maintenance efforts in building SCRs. Originality/value – The paper fulfils an identified need for more and better inter‐organisational theory in supply chain management research. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The International Journal of Logistics Management Emerald Publishing

Honeymoons in supply chain relationships The effects of financial capital, social capital and psychological commitment

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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
0957-4093
DOI
10.1108/09574091111156587
Publisher site
See Article on Publisher Site

Abstract

Purpose – Cooperation in logistics and supply chain management has most often been studied as a characteristic of a focal firm, rather than as a relationship property, and inter‐organisational aspects need to be better understood. The purpose of this paper is to draw on insights from theories on individuals and organisations to study recently formed supply chain relationships (SCRs). Design/methodology/approach – Following a literature review, the study develops an alternative view to the dominant strand of research on relational capital in SCRs. Drawing on insights from other disciplines, not usually associated with supply chain management, refutable propositions are suggested. Appropriate measurement scales for the new variables are suggested. Findings – The notion of relational capital in SCRs is extended to include financial capital and psychological commitment. New propositions that relate relational capital and length of the honeymoon period (the time period immediately after SCR formation, during which the threat of dissolution is non‐existent) are suggested. Research limitations/implications – The ideas presented in this paper have the potential to enrich further study on behavioural phenomena in SCRs as the analysis makes explicit the financial, social, and psychological dimensions of relational capital. Practical implications – This paper presents managers with a richer framework than previously existed to guide their formation and maintenance efforts in building SCRs. Originality/value – The paper fulfils an identified need for more and better inter‐organisational theory in supply chain management research.

Journal

The International Journal of Logistics ManagementEmerald Publishing

Published: Aug 16, 2011

Keywords: Supply chain management; Inter‐organizational relationships; Partnership; Financial capital; Relational capital; Social capital; Psychological commitment; Honeymoon effect; Channel relationships

References