Searching for Alliance Partners: Effects of Geographic Distance on the Formation of R&D Collaborations

• 成果类型: Article
• 署名作者: Reuer, Jeffrey J.; Lahiri, Nandini
• 署名单位: Purdue University System; Purdue University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
• 刊物名称: ORGANIZATION SCIENCE
• ISSN/ISSBN: 1047-7039
• DOI: 10.1287/orsc.1120.0805
• 发表日期: 2014
• 页码: 283-298
• 关键词: strategic alliances; Partner selection; Information economics

摘要

We investigate how geographic distance influences which firms engage each other in research and development (R&D) collaborations. Given advances in technology, geographic distance might not be expected to affect who partners with whom, yet recent research has reported on the localization of exchanges in numerous market settings. We identify factors that shape the degree to which geographic distance matters to alliance formation by considering the heterogeneity in adverse selection risk across exchange partners. Specifically, we argue that the effects of geographic distance depend on the extent to which partners are able to evaluate each others' resources and prospects. Empirical evidence from R&D collaborations in the semiconductor industry indicates that the likelihood of alliance formation is negatively related to geographic distance, even within clusters. The extent to which alliance formation falls off with geographic distance is diminished when the firms have prior ties, operate in the same product market, or possess similar technological knowledge.