The effects of asset specificity on maintenance financial performance: An empirical application of Transaction Cost Theory to the medical device maintenance field

@article{Cruz2014TheEO,
  title={The effects of asset specificity on maintenance financial performance: An empirical application of Transaction Cost Theory to the medical device maintenance field},
  author={Antonio Miguel Cruz and Gregory L. Haugan and Adriana Maria Rios Rincon},
  journal={European Journal of Operational Research},
  year={2014},
  volume={237},
  pages={1037-1053}
}
This study uses multivariate regression analysis to examine the effects of asset specificity on the financial performance of both external and internal governance structures for medical device maintenance, and investigates how the financial performance of external governance structures differs depending on whether a hospital is private or public. The hypotheses were tested using information on 764 medical devices and 62 maintenance service providers, resulting in 1403 maintenance transactions… CONTINUE READING
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