Vertical ally‐or‐acquire choice and technological performance: a resource dependence perspective
本研究运用资源依赖理论，分析技术企业间相互依赖和依赖不对称如何影响合作或收购选择，并考察这些选择对技术绩效的影响。
In order to advance our understanding of technological firms’ vertical ally‐or‐acquire choices, this study applies resource dependence theory to explore how mutual dependence and dependence asymmetry between partners’ technologies affect governance choice. The collective effect of mutual dependence, dependence asymmetry and governance choice on technological performance of the transaction is also examined. Heckman's two‐stage analyses of 135 technology alliances and 91 technology acquisitions suggest that mutually dependent firms tend to adopt acquisitions, whereas asymmetrically dependent firms tend to adopt alliances. The fits between dependence asymmetry and alliances, and between mutual dependence and acquisitions consequently enhance technological performance.