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The Comparative Effects of Transaction Cost Economics and Resource Based View: A Technological Alliance Motivational Perspective

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  • Hwan Jin Kim

    (Korea University of Technology and Education, Republic of Korea.)

Abstract

This paper examines the impact of two main alliance motivation theories, transaction cost economics (TCE) and resource based view (RBV), on alliance processes among Korean manufacturing high-tech ventures. Results show that TCE and RBV are complimentarily explaining the formation of inter-firm alliances. TCE variables are more related with alliance partner characteristics while RBV is more linked with partner capabilities. Both show positive effects on performance. No significant effect is found on determining an alliance governance structure. While selecting appropriate technological alliance partners show positive effects on performance, no significant effect is found between alliance governance structure and performance. Factors of both theories impacting each alliance stage and analytical explanations of such impacts are discussed.Keywords: High-tech ventures, resource based view, technological alliance motivation, transaction cost economics.

Suggested Citation

  • Hwan Jin Kim, 2016. "The Comparative Effects of Transaction Cost Economics and Resource Based View: A Technological Alliance Motivational Perspective," International Journal of Business and Social Research, LAR Center Press, vol. 6(5), pages 64-75, May.
    • Handle: RePEc:lrc:larijb:v:6:y:2016:i:5:p:64-75
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