The Institutional Effects on Strategic Alliance Partner Selection in Transition Economies: China vs. Russia
研究比较了中国和俄罗斯的制度环境如何影响企业选择战略联盟伙伴，发现中国稳定的制度促使企业关注长期和无形资产，而俄罗斯的不稳定环境使企业更注重短期和财务资本。
China and Russia represent major economies in transition from command economies, yet their paths to the market have differed greatly. Their divergent approaches have helped create distinct institutional environments. This study focuses on a particularly important strategic decision firms face—alliance partner selection. The study's results suggest that China's more stable and supportive institutional environment has helped Chinese firms take a longer-term view of alliance partner selection, focusing more on the potential partner's intangible assets along with technological and managerial capabilities. In contrast, the less stable Russian institutional environment has influenced Russian managers to focus more on the short term, selecting partners that provide access to financial capital and complementary capabilities so as to enhance their firms—ability to weather that nation's turbulent environment. This study contributes to knowledge about the influence of the institutional environment on alliance partner selection decisions for firms domiciled in transition (and emerging) economies.