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The Road to Access: On Business Exchanges in the Setting of a Bankruptcy
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2022 (English)Doctoral thesis, comprehensive summary (Other academic)
Description
Abstract [en]

Using a business network approach, in this thesis markets are viewed as sets of connected business relationships. Business relationships arise through interaction between actors that want to gain access to external resources. Interaction, in turn, is composed of business exchanges. Business exchanges, such as economic exchange, have only been treated as characteristics of interaction, however. Because of this, many central aspects of business exchanges are hidden in the compound interaction variable. With this as a background, the overall aim of this thesis is to discover new theoretical aspects regarding business exchanges.

This overall aim is reached through the purpose of the thesis; that is, to enhance our understanding of the processes in which actors gain access (i.e. rights to property) to supplier resources. The purpose is achieved through a single case study in the setting of the Swedish automotive manufacturer Saab Automobile’s (Saab) bankruptcy in 2011. In the study, I follow Saab, their bankruptcy estate and their subsequent acquirer. Through two research questions I identify and delineate three exchange transaction processes (i.e. ways to structure and execute business exchanges) in which my focal actors gained access to supplier resources. These are trade credit transactions, failed trade credit transactions and reversed trade credit transactions.

In previous research, these aspects of business exchanges have not been considered. This is problematic as most inter-firm exchange transactions in the western world today are trade credit transactions (i.e. payment 30–60 days after delivery). Trade credit transactions are processes including expected outcomes of social exchange, exchange of rights and an exchange of things (i.e. product & money). Previous research seems just to have dealt with discrete repeated exchange transactions (i.e. sequences of single events). In conclusion, this thesis suggests that it is important to focus more on the structure and execution of processes, such as in trade credit transactions, through which business exchanges are carried out. Doing so would imply seeing business relationships and networks as phenomena under constant construction.

Place, publisher, year, edition, pages
Uppsala: Uppsala University, 2022. , p. 94
Series
Doctoral thesis / Företagsekonomiska institutionen, Uppsala universitet, ISSN 1103-8454 ; 215
Keywords [en]
Business exchanges, business relationships, business networks, access to resources, trade credit transactions, bankruptcy, process
National Category
Social Sciences Economics and Business
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:uu:diva-476601ISBN: 978-91-506-2955-2 (print)OAI: oai:DiVA.org:uu-476601DiVA, id: diva2:1667583
Public defence
2022-09-23, Hörsal 2, Ekonomikum, Kyrkogårdsgatan 10, Uppsala, 10:15 (English)
Opponent
Supervisors
Available from: 2022-09-01 Created: 2022-06-10 Last updated: 2022-09-01
List of papers
1. We are never ever getting back together: Constraints on business relationship reactivation after bankruptcy-acquisition
Open this publication in new window or tab >>We are never ever getting back together: Constraints on business relationship reactivation after bankruptcy-acquisition
2021 (English)In: Scandinavian Journal of Management, ISSN 0956-5221, E-ISSN 1873-3387, Vol. 37, no 4, article id 101181Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to create a conceptual model of constraints on business relationship reactivation after bankruptcy-acquisition. Previous research has predominantly focused on contexts where positive aspects of reactivation come to the forefront; accordingly, it is argued that more research is needed on elements con- straining reactivation. A case study in the Swedish automotive industry is used to develop the model. The model contributes to studies on business relationship reactivation by showing that during different relationship episodes (ending, dormant and expected future episodes) it is possible to identify elements that constrain a subsequent reactivation. In the empirical context of the study, these elements are unsettled debts, unilateral switching costs and expected future losses.

Place, publisher, year, edition, pages
ElsevierElsevier BV, 2021
Keywords
Business relationship, Reactivation, Constraints, Bankruptcy. Acquisition
National Category
Social Sciences
Identifiers
urn:nbn:se:uu:diva-474785 (URN)10.1016/j.scaman.2021.101181 (DOI)2-s2.0-85118482463 (Scopus ID)
Available from: 2022-05-23 Created: 2022-05-23 Last updated: 2024-01-15Bibliographically approved
2. From dusk till dawn: Attracting suppliers for resource mobilization during bankruptcy
Open this publication in new window or tab >>From dusk till dawn: Attracting suppliers for resource mobilization during bankruptcy
2019 (English)In: Journal of Purchasing and Supply Management, ISSN 1478-4092, E-ISSN 1873-6505, Vol. 25, no 3, article id 100532Article in journal (Refereed) Published
Abstract [en]

Changes in industrial systems increase the efforts needed to attract a counterpart for resource mobilization. The purpose of the article is to elaborate on the impact of customer attractiveness on supplier resource mobilization during radical changes such as bankruptcy. We use a case study method and focus on an extreme case of supplier resource mobilization, i.e. the study of mobilization during the bankruptcy process of a large company. We investigate how the bankruptcy estate managed resource mobilization necessary for maintaining the bankrupt company's facility from the time of declaration of bankruptcy until the facility could be sold to a new owner (from dusk till dawn), providing a detailed description of how the bankruptcy estate attracted suppliers despite the bankrupt company's previous losses. Our findings show that attractiveness is a valid theoretical tool in order to understand resource mobilization also in situations that lack social aspects of relationships. Furthermore, the study shows that resource embeddedness and knowledge transfer affect customer attractiveness and impact supplier resource mobilization. Finally, we demonstrate that even in settings characterized by relationship ending, both experience- and expectation-based attractiveness exist.

Place, publisher, year, edition, pages
Elsevier, 2019
Keywords
Supplier resource mobilization, Customer attractiveness, Bankruptcy, Relationship ending
National Category
Business Administration
Identifiers
urn:nbn:se:uu:diva-390694 (URN)10.1016/j.pursup.2019.03.001 (DOI)000475996000004 ()
Available from: 2019-08-13 Created: 2019-08-13 Last updated: 2022-06-10Bibliographically approved
3. The pre-acquisition phase: On the role of a shared past
Open this publication in new window or tab >>The pre-acquisition phase: On the role of a shared past
(English)Manuscript (preprint) (Other academic)
Abstract [en]

This paper focuses on the period that precedes the closure of an acquisition, the pre-acquisition phase. As prior research has commonly taken the perspective of either the acquiring or the selling company, knowledge is still limited regarding situations in which both companies' shared past impacts the unfolding of the pre-acquisition phase. The purpose of the study is to develop the concept of shared past and to use it to illuminate new aspects of the pre-acquisition phase. We do so through an in-depth case study in which a Swedish automotive manufacturer ultimately acquires a bankrupt component supplier. We contribute knowledge by developing the concept of shared past and by illuminating three previously unaddressed aspects of the pre-acquisition phase. These aspects are; acquisition avoidance, involvement of a new type of actor, and maintaining access to resources because of relations in the context.

Keywords
Acquisition, bankruptcy, business relationship, relation
National Category
Social Sciences
Research subject
Business Studies
Identifiers
urn:nbn:se:uu:diva-475503 (URN)
Available from: 2022-06-02 Created: 2022-06-02 Last updated: 2022-10-18
4. Pre-Adaptations: On the starting situation of a new business relationship
Open this publication in new window or tab >>Pre-Adaptations: On the starting situation of a new business relationship
(English)Manuscript (preprint) (Other academic)
Abstract [en]

Purpose – The purpose of this paper is to develop a model of a starting situation for a new business relationship where there are previous adaptations between two actors. The study therefore questions the common assumption that new business relationships start from what resembles a traditional market situation where actors have no previous adaptations between them. 

Design/Methodology/Approach – An extreme single case study in connection to a major bankruptcy in the Swedish automotive industry is used to develop the model. 

Findings – The paper illustrates how new business relationships can start from a situation where there are previous adaptations between two actors. 

Originality – The developed model makes it possible for researchers to study initiation of new relationships in a dynamic business network situation where there are previous adaptations between two actors. The developed model complements the starting situation in a traditional market where there are no such adaptations.  Keywords – Starting situation, New relationships, Initiation, Adaptations, Resources Paper type – Research paper

Keywords
Starting situation, New relationships, Initiation, Adaptations, Resources
National Category
Social Sciences
Research subject
Business Studies
Identifiers
urn:nbn:se:uu:diva-476077 (URN)
Available from: 2022-06-07 Created: 2022-06-07 Last updated: 2022-06-10

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Citation style
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Output format
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