The Effect of Information Technology-Enabled Flexibility on Formation and Market Value of Alliances

• 成果类型: Article
• 署名作者: Tafti, Ali; Mithas, Sunil; Krishnan, M. S.
• 署名单位: University of Illinois System; University of Illinois Urbana-Champaign; University System of Maryland; University of Maryland College Park; University of Michigan System; University of Michigan
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.1120.1579
• 发表日期: 2013
• 页码: 207-225
• 关键词: Information technology; service-oriented architecture; alliances; Tobin's Q; business value of IT

摘要

This study investigates the effect of information technology (IT) architecture flexibility on strategic alliance formation and firm value. We first examine the effect of three dimensions of IT architecture flexibility (open communication standards, cross-functional transparency, and modularity) on formation of three types of alliances (arm's-length, collaborative, and joint-venture alliances, respectively). Then, we examine how capabilities in IT flexibility can enhance the value derived from alliances. Our sample includes data from 169 firms that are publicly listed in the United States and that span multiple industries. We find that adoption of open communication standards is associated with the formation of arm's-length alliances, and modularity of IT architecture is associated with the formation of joint ventures. We also find that IT architecture flexibility enhances the value of arm's-length, collaborative, and joint-venture alliances. The contribution of IT flexibility to value is greater in the case of collaborative alliances than in arm's-length alliances. Taken together, these findings suggest that appropriate investments in IT can help to facilitate reconfiguration of resources and modification of processes in collaboration-intensive alliances.