Post‐formation dynamics in strategic alliances
研究了战略联盟形成后合同、监督机制等治理结构的变化,发现企业的联盟经验轨迹和交易特征(如联盟范围、分工)会影响这些调整,对理解联盟生命周期中的动态管理有参考价值。
Abstract This paper investigates the occurrence and determinants of post‐formation governance changes in strategic alliances, including alterations in alliances' contracts, boards or oversight committees, and monitoring mechanisms. We examine alliances in the biotechnology industry and find that firms' unique alliance experience trajectories affect the likelihood of such ex post adjustments in these partnerships. Transactional features such as the alliance's scope, its division of labor, and the relevance of the collaboration to the parent firm also bear upon alliances' dynamics. We discuss the implications of these findings and how they complement prior research focusing on alliance design or termination at opposite ends of the alliance life cycle. Copyright © 2002 John Wiley & Sons, Ltd.