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Governance structures in strategic alliances: transaction cost versus resource-based perspective

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  • Chen, Homin
  • Chen, Tain-Jy

Abstract

In this paper, we examine the pattern of resource alignment in strategic alliances and its relevance to the scheme of cooperation. This resource-based perspective is combined with the transaction cost model to interpret the governance structure of international strategic alliances undertaken by Taiwanese firms. We find that whilst the transaction cost model is powerful in explaining the choice between joint ventures and contractual alliances, the resource-based perspective provides useful insights into the choice between two distinctive forms of contractual alliances, namely, exchange and integration alliances.

Suggested Citation

  • Chen, Homin & Chen, Tain-Jy, 2003. "Governance structures in strategic alliances: transaction cost versus resource-based perspective," Journal of World Business, Elsevier, vol. 38(1), pages 1-14, February.
  • Handle: RePEc:eee:worbus:v:38:y:2003:i:1:p:1-14
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    Cited by:

    1. Chun Yang & Haifeng Liao, 2010. "Industrial agglomeration of Hong Kong and Taiwanese manufacturing investment in China: a town-level analysis in Dongguan," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 45(3), pages 487-517, December.
    2. Ueki, Yasushi, 2013. "Formation of supply chain collaboration and firm performance in the Thai automotive and electronics industries," IDE Discussion Papers 415, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    3. repec:spr:manint:v:52:y:2012:i:2:d:10.1007_s11575-012-0138-z is not listed on IDEAS
    4. Griffith, David A. & Harmancioglu, Nukhet & Droge, Cornelia, 2009. "Governance decisions for the offshore outsourcing of new product development in technology intensive markets," Journal of World Business, Elsevier, vol. 44(3), pages 217-224, July.
    5. Ortiz-de-Urbina-Criado, Marta & Montoro-Sánchez, Ángeles & Mora-Valentín, Eva-María, 2014. "Impact of growth strategy on mode of governance in alliances," International Business Review, Elsevier, vol. 23(4), pages 838-848.
    6. repec:hur:ijarbs:v:7:y:2017:i:12:p:1156-1167 is not listed on IDEAS
    7. Chand, Mohinder & Katou, Anastasia A., 2012. "Strategic determinants for the selection of partner alliances in the Indian tour operator industry: A cross-national study," Journal of World Business, Elsevier, vol. 47(2), pages 167-177.
    8. Erika Raquel Badillo & Francisco Llorente & Rosina Moreno, 2014. "“Cooperation in R&D, firm size and type of partnership: Evidence for the Spanish automotive industry”," IREA Working Papers 201430, University of Barcelona, Research Institute of Applied Economics, revised Nov 2014.
    9. Thomas Mellewigt & Anoop Madhok & Antoinette Weibel, 2007. "Trust and formal contracts in interorganizational relationships - substitutes and complements," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(8), pages 833-847.
    10. Mazzola, Erica & Perrone, Giovanni, 2013. "A strategic needs perspective on operations outsourcing and other inter-firm relationships," International Journal of Production Economics, Elsevier, vol. 144(1), pages 256-267.
    11. Wen-Bin Chuang & Hui-lin Lin & Chien-Wei Wu, 2015. "Does Institutional Quality Strengthen The Positive Influence of Offshore R&D Strategy on the Firm Productivity?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(2), pages 279-294, February.
    12. Kasch, Silja & Dowling, Michael, 2008. "Commercialization strategies of young biotechnology firms: An empirical analysis of the U.S. industry," Research Policy, Elsevier, vol. 37(10), pages 1765-1777, December.
    13. Liu, C.-L.E., 2012. "An investigation of relationship learning in cross-border buyer–supplier relationships: The role of trust," International Business Review, Elsevier, vol. 21(3), pages 311-327.
    14. Dhikra Chebbi Nekhili & Mehdi Nekhili, 2009. "Gouvernance contractuelle et cognitive des alliances internationales en R&D," Working Papers CREGO 1090505, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    15. To-Han Chang & Wen-Bin Chuang, 2016. "Overseas R&D and Taiwan-Based Firm?s Productivity - Does Internal Technological Capability Matter?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(9), pages 499-509, September.
    16. Musso, Fabio & Francioni, Barbara, 2011. "Foreign Markets Entry Mode Decision for Italian Small and Medium-Sized Enterprises," MPRA Paper 50067, University Library of Munich, Germany, revised 31 Oct 2011.
    17. Beamish, Paul W. & Lupton, Nathaniel C., 2016. "Cooperative strategies in international business and management: Reflections on the past 50 years and future directions," Journal of World Business, Elsevier, vol. 51(1), pages 163-175.
    18. Sinnewe, Elisabeth & Charles, Michael B. & Keast, Robyn, 2016. "Australia's Cooperative Research Centre Program: A transaction cost theory perspective," Research Policy, Elsevier, vol. 45(1), pages 195-204.
    19. Canabal, Anne & White III, George O., 2008. "Entry mode research: Past and future," International Business Review, Elsevier, vol. 17(3), pages 267-284, June.
    20. Fabio Caputo & Barbara Livieri & Andrea Venturelli, 2014. "Intangibles and Value Creation in Network Agreements: analysis of Italian firms," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2014(2), pages 45-70.
    21. Musso, Fabio & Francioni, Barbara, 2009. "Foreign markets entry mode decision for SMEs. Key factors and role of industrial districts," MPRA Paper 32153, University Library of Munich, Germany.
    22. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9505-4 is not listed on IDEAS
    23. Ueki, Yasushi, 2013. "Supply chain collaboration and responsiveness : a comparison between Thai automotive and electronics industries," IDE Discussion Papers 416, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    24. Jiang, Xu & Li, Yuan, 2008. "The relationship between organizational learning and firms' financial performance in strategic alliances: A contingency approach," Journal of World Business, Elsevier, vol. 43(3), pages 365-379, July.
    25. Zhang, Jing & Pezeshkan, Amir, 2016. "Host country network, industry experience, and international alliance formation: Evidence from the venture capital industry," Journal of World Business, Elsevier, vol. 51(2), pages 264-277.

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