Alliance networks and firm performance: The impact of repeated partnerships

• 成果类型: Review
• 署名作者: Goerzen, Anthony
• 署名单位: University of Victoria
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.588
• 发表日期: 2007
• 页码: 487-509
• 关键词: NETWORKS; interorganizational alliances; technological uncertainty; multinational corporation

摘要

A phenomenon that has become the focus of recent research on interorganizational alliance network growth is that firms often enter into repeated relationships with prior partners. The implications of this tendency on corporate performance, however, are not well understood. From transaction cost and network perspectives, I test competing hypotheses on a large sample of multinational corporations. My results indicate clearly that firms not only often do enter into repeated equity-based partnerships but also that those with a greater propensity, to do so experience inferior economic performance. Further, statistical tests indicate that the negative effect of repeated partnerships on performance is particularly strong in environments of greater technological uncertainty. Copyright (c) 2007 John Wiley & Sons, Ltd.