Quotation Nowinska, Agnieszka, Schramm, Hans-Joachim. 2021. Uncertainty, status-based homophily, versatility, repeat exchange and social exchange in the container shipping industry. Journal of Business Research. 128 524-536.


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Abstract

In this paper, we contribute to the literature on uncertainty and the drivers of social exchange. We explore the 2008 financial crisis and hand-collect unique data on more than 2,700 vessel chartering deals closed in the container shipping industry from 2000 to 2011. Our contribution is twofold. We challenge the literature by finding that low and high status players use different collaborative strategies under uncertainty: the high status players are more prone to coopetition and the low status ones reach out to external buyers. We also extend the literature on social exchange and uncertainty and introduce other constructs: strategic versatility and country-level long-term orientation of the suppliers that we study in our model. Our findings are relevant for policy and managerial decision-makers in the industry.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Business Research
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, INF-A, STRAT-B, VW-C, WH-B
Language English
Title Uncertainty, status-based homophily, versatility, repeat exchange and social exchange in the container shipping industry
Volume 128
Year 2021
Page from 524
Page to 536
Reviewed? Y
URL https://www.sciencedirect.com/science/article/pii/S0148296321001004
DOI https://doi.org/10.1016/j.jbusres.2021.02.021
Open Access N
Open Access Link https://authors.elsevier.com/a/1cidWXj-jYEOi

Associations

People
Schramm, Hans-Joachim (Details)
External
Nowinska, Agnieszka (Aalborg University Business School, Denmark)
Organization
Department of Global Business and Trade DP (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5300 Economics (Details)
5332 Transport economics (Details)
5336 Commodity science (Details)
5337 World trade science (Details)
5344 Foreign trade (Details)
5354 Business logistics (Details)
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