The Adoption of Corporate Governance Mechanisms: A Test of Competing Diffusion Models
基于资源基础理论，构建了合资企业和M型组织结构两种公司治理机制的扩散模型，并用信息技术行业数据检验了内部影响模型与外部影响模型的解释力。
We develop alternative diffusion models of two corporate governance mechanisms—joint venture and M-form organizational structure—using relevant concepts from the resource-based theory. Using data on joint venture adoption from one homogeneous industry (information technology) sector and employing both linear and nonlinear estimations, we test the explanatory power of the internal-influence model in comparison with a competing model of external-influence. Our empirical results support the internal-influence model in this sector with additional evidence for generalizability provided through a multisector sample of joint venture formation. In contrast, empirical results on the diffusion of M-form structure are more consistent with the external-influence model.