IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v117y2017icp315-326.html
   My bibliography  Save this article

Redefining relational rent

Author

Listed:
  • Zhang, Si
  • Li, Na
  • Li, Jizhen

Abstract

Drawing on a sample of 402 inter-firm R&D alliances of National High-Technology Enterprises located in Jiangxi Province, as identified by the Ministry of Science and Technology of China, the paper constructs a Comprehensive Index Evaluation System for relational rent with the PLS Path Regression Model. This allows quantitative estimations to be made of the relational rent that is generated in R&D alliances between pairs of partners. The study proceeds to reexamine relational rent and to materialize it as a practical economic concept. This leads to discussion of relational rent from this new perspective and enables systematic analysis of a number of its key aspects. An important consequence of the quantitative analysis is that three types of relational rent are revealed, i.e. primary rent, intermediate rent and advanced rent. The classification is based on empirical evidence, so that it is not only a classificatory standard but also possess an instructive and predictive power. It challenges the existing two-category typology of relational rent based on qualitative analysis and conceptual frameworks. A new understanding of, and indeed a new definition for, relational rent is thus proposed in this paper. Relational rent is the relational benefits that are comprised of those economic gains, soft power and S&T output that are only jointly created in an inter-organizational relationship, through the joint idiosyncratic contributions of both partners. The paper further explores the generation of relational rent in an R&D alliance context. The results indicate that, among all the potential factors, it is the nature of an inter-organizational relationship that provides the dominant influence on the size of relational rent.

Suggested Citation

  • Zhang, Si & Li, Na & Li, Jizhen, 2017. "Redefining relational rent," Technological Forecasting and Social Change, Elsevier, vol. 117(C), pages 315-326.
  • Handle: RePEc:eee:tefoso:v:117:y:2017:i:c:p:315-326
    DOI: 10.1016/j.techfore.2016.10.072
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162516306710
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.techfore.2016.10.072?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. David J. TEECE, 2008. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," World Scientific Book Chapters, in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87, World Scientific Publishing Co. Pte. Ltd..
    2. Johnson, Jean L. & Sohi, Ravipreet S., 2003. "The development of interfirm partnering competence: Platforms for learning, learning activities, and consequences of learning," Journal of Business Research, Elsevier, vol. 56(9), pages 757-766, September.
    3. Maurizio Zollo & Jeffrey J. Reuer & Harbir Singh, 2002. "Interorganizational Routines and Performance in Strategic Alliances," Organization Science, INFORMS, vol. 13(6), pages 701-713, December.
    4. Pierre Dussauge & Bernard Garrette, 1995. "Determinants of Success in International Strategic Alliances: Evidence from the Global Aerospace Industry," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(3), pages 505-530, September.
    5. Capaldo, Antonio & Messeni Petruzzelli, Antonio, 2011. "In search of alliance-level relational capabilities: Balancing innovation value creation and appropriability in R&D alliances," Scandinavian Journal of Management, Elsevier, vol. 27(3), pages 273-286, September.
    6. Mowla Mohammad Masrurul, 2012. "An Overview of Strategic Alliance: Competitive Advantages in Alliance Constellations," Advances In Management, Advances in Management, vol. 5(12), December.
    7. M. Bensaou & N. Venkatraman, 1995. "Configurations of Interorganizational Relationships: A Comparison Between U.S. and Japanese Automakers," Management Science, INFORMS, vol. 41(9), pages 1471-1492, September.
    8. Su, Han Chan & Kensinger, John W. & Keown, Arthur J. & Martin, John D., 1997. "Do strategic alliances create value?," Journal of Financial Economics, Elsevier, vol. 46(2), pages 199-221, November.
    9. Kathleen M. Eisenhardt & Claudia Bird Schoonhoven, 1996. "Resource-based View of Strategic Alliance Formation: Strategic and Social Effects in Entrepreneurial Firms," Organization Science, INFORMS, vol. 7(2), pages 136-150, April.
    10. Bruce Kogut & Udo Zander, 1995. "Knowledge, Market Failure and the Multinational Enterprise: A Reply," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(2), pages 417-426, June.
    11. Higgins, Christopher Alan & Duxbury, Linda Elizabeth & Irving, Richard Harold, 1992. "Work-family conflict in the dual-career family," Organizational Behavior and Human Decision Processes, Elsevier, vol. 51(1), pages 51-75, February.
    12. Jeffrey H. Dyer & Harbir Singh & Prashant Kale, 2008. "Splitting the pie: rent distribution in alliances and networks," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(2-3), pages 137-148.
    13. Child, John & Yan, Yanni, 1999. "Investment and control in international joint ventures: the case of China," Journal of World Business, Elsevier, vol. 34(1), pages 3-15, April.
    14. Africa Ariño & José de la Torre, 1998. "Learning from Failure: Towards an Evolutionary Model of Collaborative Ventures," Organization Science, INFORMS, vol. 9(3), pages 306-325, June.
    15. Bernard Garrette & Pierre Dussauge, 1995. "Determinants of Success in International Strategic Alliances: Evidence from the Global Aerospace Industry," Post-Print hal-00458889, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vlad Barbu, 2017. "Public Policies Regarding Persons With Disabilities," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 6(1), pages 112-116, December.
    2. Yulia N. Hristova, 2021. "Sustainability of competitive positioning and challenges for intermediaries in the new car market in Bulgaria," Upravlenets, Ural State University of Economics, vol. 12(3), pages 67-80, July.
    3. Simon, Larissa & Bilger, Rebecca & Ferdinand, Hans-Michael, 2018. "Google Zukunftswerkstatt für KMU," Markenbrand: Die Strategiequelle - Zeitschrift für Markenstrategie, Hochschule Neu-Ulm, Kompetenzzentrum Marketing & Branding, issue 7/2018, pages 25-34.
    4. Agnieszka Zakrzewska-Bielawska, 2018. "The Relationship between Managers’ Network Awareness and the Relational Strategic Orientation of their Firms: Findings from Interviews with Polish Managers," Sustainability, MDPI, vol. 10(8), pages 1-20, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Choi, Sukwoong & Kim, Wonjoon & Kim, Namil, 2022. "International alliance formations: The role of brokerage in technology competition networks," Journal of Business Research, Elsevier, vol. 144(C), pages 440-449.
    2. Céline Bérard & Marie Perez, 2014. "Alliance Dynamics through Real Options: The Case of an Alliance between Competing Pharmaceutical Companies," Post-Print hal-04010373, HAL.
    3. Michael Nippa & Jeffrey J Reuer, 2019. "On the future of international joint venture research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(4), pages 555-597, June.
    4. Müller, Dirk, 2010. "Alliance Coordination, Dysfunctions, and the Protection of Idiosyncratic Knowledge in Strategic Learning Alliances," EconStor Preprints 41039, ZBW - Leibniz Information Centre for Economics.
    5. Garrette, Bernard & Castaner, Xavier & Dussauge, Pierre, 2006. "The need for scale as a driver of alliance formation : choosing between collaborative and autonomous production," HEC Research Papers Series 821, HEC Paris.
    6. Chou, Ting-Kai & Ou, Chin-Shyh & Tsai, Shu-Huan, 2014. "Value of strategic alliances: Evidence from the bond market," Journal of Banking & Finance, Elsevier, vol. 42(C), pages 42-59.
    7. Oliver Schilke & Bernd W. Wirtz, 2008. "Allianzfähigkeit — Eine Analyse zur Operationalisierung und Erfolgswirkung im Kontext von F&E-Allianzen," Schmalenbach Journal of Business Research, Springer, vol. 60(5), pages 479-516, August.
    8. Bérard, Céline & Perez, Marie, 2014. "Alliance dynamics through real options: The case of an alliance between competing pharmaceutical companies," European Management Journal, Elsevier, vol. 32(2), pages 337-349.
    9. Tom Broekel & Matthias Brachert, 2015. "The structure and evolution of inter-sectoral technological complementarity in R&D in Germany from 1990 to 2011," Journal of Evolutionary Economics, Springer, vol. 25(4), pages 755-785, September.
    10. Ritala, Paavo & Tidström, Annika, 2014. "Untangling the value-creation and value-appropriation elements of coopetition strategy: A longitudinal analysis on the firm and relational levels," Scandinavian Journal of Management, Elsevier, vol. 30(4), pages 498-515.
    11. Zhang, Anming, 2005. "Competition Models of Strategic Alliances," Research in Transportation Economics, Elsevier, vol. 13(1), pages 75-100, January.
    12. Kolloge, Konstantin, 2009. "Die Messung des Kooperationserfolges in der empirischen Forschung: Ergebnisse einer Literaturstudie," Arbeitspapiere 76, University of Münster, Institute for Cooperatives.
    13. García-Canal, Esteban & Valdés-Llaneza, Ana & Sánchez-Lorda, Pablo, 2014. "Contractual form in repeated alliances with the same partner: The role of inter-organizational routines," Scandinavian Journal of Management, Elsevier, vol. 30(1), pages 51-64.
    14. Cunha, P.A.M.F.V., 2005. "The value of cooperation : Studies on the performance outcomes of interorganizational alliances," Other publications TiSEM 59466e6c-1920-461e-b5e9-b, Tilburg University, School of Economics and Management.
    15. Capaldo, Antonio & Messeni Petruzzelli, Antonio, 2011. "In search of alliance-level relational capabilities: Balancing innovation value creation and appropriability in R&D alliances," Scandinavian Journal of Management, Elsevier, vol. 27(3), pages 273-286, September.
    16. Anoop Madhok & Stephen B. Tallman, 1998. "Resources, Transactions and Rents: Managing Value Through Interfirm Collaborative Relationships," Organization Science, INFORMS, vol. 9(3), pages 326-339, June.
    17. Mario Kafouros & Niron Hashai & Janja Annabel Tardios & Elizabeth Yi Wang, 2022. "How do MNEs invent? An invention-based perspective of MNE profitability," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(7), pages 1420-1448, September.
    18. Nielsen, Bo Bernhard, 2000. "Synergies In Strategic Alliances: Motivation And Outcomes Of Complementary And Synergistic Knowledge Networks," Working Papers 4-2000, Copenhagen Business School, Department of International Economics and Management.
    19. Heimeriks, K. & Duysters, G.M., 2004. "A study into the alliance capability development process," Working Papers 04.21, Eindhoven Center for Innovation Studies.
    20. Maxim Sytch & Franz Wohlgezogen & Edward J. Zajac, 2018. "Collaborative by Design? How Matrix Organizations See/Do Alliances," Organization Science, INFORMS, vol. 29(6), pages 1130-1148, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:117:y:2017:i:c:p:315-326. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.