B2B E-market Research Articles

Volatility Spillover in Chinese Steel Markets

This paper examines volatility spillover in Chinese steel markets by comparing spillover effects before and after steel futures market established and finds some interesting change. Volatility spillover method based on multi-GARCH model are proposed. The results show that there is significant proof for spillover effects from B2B electronic market to spot market, and two-way effects between futures and spot market. Market policy planners and practitioners could make decisions according to the master of spillovers. We also find that B2B e-market and futures market can both provide efficient protection against steel price volatility risk, B2B e-market offer a broad-based platform for trading steel commodities over time and space since e-market role in information flow process is dominant.

Cognitive Trust Model for B2B E-Market

In recent years, B2B E-Market has received widespread amount of research attention in the field of electronic commerce. As majority of companies are investing huge amount of money to build the infrastructure for e-collaboration. Selecting suitable trading partners in an e-market still remains a huge challenge, as the selection of supplier depends not only on cost but on other factors such as reputation, satisfaction and trust. Trust is regarded as one of the most important factors for success and to ensure customers repeat trading. One of the major challenges faced by both research and industry is to measure trustworthiness of a supplier in an e-market place. This paper proposes a cognition based model to measure trustworthiness of a supplier. The proposed model with its implementation using multi-agent systems is described in detail. Finally empirical evaluation is carried out to validate the system and future direction for research in this area.

인터넷 기반의 안전보장 글로벌 통합물류관리시스템 프레임워크 설계

본 논문은 국내외 중소형 국제물류기업들 간의 화물 운송을 위한 화물 및 공간에 대한 등록과 검색, 공개입찰과 협상, 계약, 지급과 안전보장, 그리고 운송 등에 관해 인터넷, 무선 통신 수단, 또는 스마트폰 등으로 접속 및 중개할 차별화된 IGILMS(internet-based global integrated logistics management system)의 구조를 제시한다. 그리고 IGILMS를 위한 B2B 온라인 시장의 고객 맞춤형 서비스 제공 모형과 이행 단계의 구조 및 통제에 대해 설명하고, 인터넷 기반의 글로벌 물류 관리 시스템을 위한 IGILMS의 기술적인 구성을 제공한다. 또한 시뮬레이션을 통하여 제안한 시스템의 효율성을 검증한다. This paper provide a framework for an IGILMS(internet-based global integrated logistics management system) which can access and mediate cargo transportations among small- and medium-sized domestic/international logistics corporations as regards cargo, registration and search for space, public tender and negotiation, contract, payment and safety-guarantee, transportation through the internet, wireless communication means, or smart phone etc. In addition, we describe a model to provide customized services in the B2B e-market for IGILMS and the structure and the control of its fulfillment process, and provide technical architecture of the IGILMS for an internet-based global logistics management system. To validate an efficiency of the proposed system, we develop a simulation model and analyze the performance of the proposed system.

Role of trialability in B2B e-business adoption: theoretical insights from two case studies

Trialability has been conceptualised in prior research as a belief signifying opportunity to experiment with a technical innovation would facilitate its adoption. It has been found to be a weak predictor and though indications exist of possible significant impact in situations of high perceived risk, it has not received serious academic attention. In this research we argue that in situations of high perceived risk, the belief-based concept of trialability without actual evaluation of experimental outcomes is questionable. Based on the Theory of Trying, Expectancy Disconfirmation theory and prior research on risk and trust in e-business, we develop and validate propositions in the context of B2B e-market transactions by two small firms. Our findings indicate that due to high perceived risk of B2B e-market transactions, in contrast to the received notion of trialability as a belief-based factor, it was in the nature of an active post-intent recursive process of experimentation involving ‘Trying’ for trial transactions with controlled risk, execution of ‘Trial’ transactions and ‘Assessment of Trial Outcomes’. Also, in contrast to weak impacts observed in prior research, the trialability process was found to be a necessary condition for translation of initial intent to adoption. Other implications of the findings are discussed.

Partial Assimilation of Technology: Prognosis and Remedial Measures

Prior research mentions that there may be technology assimilation gaps in that a technology may be cumulatively assimilated over a period of time depending on knowledge and experience from initial usage. Thus, stages of partial assimilation are indicated that, if not accounted for, could lead to erroneous understanding of technology adoption and diffusion. However, the phenomenon has not received serious academic attention, and there is still a lack of understanding as to when and why partial assimilation may occur, its consequences to organizations, and remedial steps that could be taken to minimize it. We investigate these issues in the context of assimilation of third-party business-to-business (B2B) e-market by four small firms. Our findings reveal that partial assimilation occurred because of different perceptions of benefit and risk of the two different features of the B2B e-market—the informational (buyer/supplier and product information) and the transactional (auction, request for quote, price negotiation, message archiving, payment systems), arising from different moderating impacts of the organizational (relational norms and the type of business handled) and environmental (perceptions of competitive pressure and institutional norms of technology usage and work practices) contexts of deployment and usage of the two features. The consequences of partial assimilation were mixed; while it was found to be detrimental to firms with low relational norms with their clients, it proved to be gainful for firms with high relational norms. Theoretical and practical implications of the findings are discussed.

A study of B2B e-market in China: E-commerce process perspective

In China, B2B electronic markets are still in their early stages of development. The lack of basic business infrastructures has delayed the development of e-markets. The intervention and support of government and IT firms was needed to provide technical support and services to e-markets. We developed a conceptual model to aid in evaluating value creation strategy in B2B e-market; it can also be used to determine the complexity of such activities in Chinese B2B e-markets. Based on a case study of two Chinese e-markets, a process-oriented approach was found to be more suitable in modeling the value creation and therefore was selected. The model addressed two major factors: the transaction process and controlling complexity. The crucial value creation activities and strategies in the four phases of the transaction process are identified, and the controlling complexity of these activities is evaluated in the model. Our results offer an approach for studying the dynamic structure of e-commerce processes while focusing on the special issues of e-market development in China.

An H∞ control method of the bullwhip effect for a class of supply chain system

In this paper, we develop models of a class of supply chain systems, including a multi-echelon supply chain system, a time-lag dynamic supply chain system, and a dual-channel supply chain with a B2B e-market, and analyse each of the bullwhip effects respectively. Furthermore, we address a new method for dynamic quantification and calculations of the bullwhip effect based on classical control theories and methods, and discuss the H∞ control strategies of these systems under the worst fluctuation of demand. Finally, combined with the empirical practices of the most representative state-owned companies in China, we carry out three simulation experiments, and from the results we find that the bullwhip-effect coefficients of these three systems are all controlled and dampened with the H∞ control method.

Mapping network champion behavior in B2B electronic venturing

This study examines the concept of a new venture, B2B e-market in the light of participants who are involved in its innovation and diffusion processes. Our assessment results in the development of two key working propositions. The first proposition attempts to explain the relationship of the participants in the network and their contribution to innovation and diffusion processes over time. The second proposition attempts to explain how network champions (NC) contribute by bringing suppliers and buyers together in an electronic marketplace over time. In particular, this research adds to the industrial marketing literature by applying a case research method that is particularly useful for operationalizing theory development in business-to-business environments.