Mechanisms of Hybrid Governance: Administrative Committees in Non-Equity Alliances
研究非股权联盟中行政委员会这一治理机制，分析合作伙伴在需要协调适应时如何通过合同授权设立指导委员会来管理互动、应对意外事件和化解冲突，基于生物制药行业数据揭示正式治理机制的决定因素。
Recent research on the governance of hybrid organizational forms has investigated the contractual foundations of collaborations by examining how firms craft complex contracts, as well as plan for changing circumstances during contract execution. We build upon and extend this research by considering the contractual delegation of authority to a dedicated structural interface for a collaboration. In particular, our theory suggests that partners are more likely to employ steering committees to help partners guide their interactions, address unanticipated contingencies that materialize, and mitigate incipient conflicts when partners have substantial needs for coordinated adaptation. An analysis of alliances in the biopharmaceuticals industry explicates the formal governance mechanisms that support high-tech partnerships and identifies determinants of the administrative structures firms utilize in contractual agreements to enhance their adaptive limits.