List of Contributors |
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Introduction: Strategic Alliance Research: Progress and Prospects |
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1 | (18) |
I. OVERVIEW OF RESEARCH ON INTERFIRM COLLABORATION |
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1. Why Should Firms Cooperate? The Strategy and Economics Basis for Cooperative Ventures |
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Farok J. Contractor and Peter Lorange |
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19 | (29) |
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This chapter provides a summary of partnering motives and the benefits of collaboration to firms. |
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2. Joint Ventures: Theoretical and Empirical Perspectives |
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48 | (21) |
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This chapter summarizes three theoretical perspectives on joint ventures and also takes stock of the empirical findings on interfirm collaboration. |
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3. International Joint Ventures |
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69 | (26) |
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This chapter provides a literature review that integrates research on international joint ventures. |
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II. ECONOMIC PERSPECTIVES ON INTERFIRM COLLABORATION |
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4. A Transaction Costs Theory of Equity Joint Ventures |
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95 | (21) |
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This chapter challenges conventional explanations for joint ventures and offers a transaction cost rationale for interfirm collaboration. |
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5. Information Asymmetry, Adverse Selection, and Joint Ventures: Theory and Evidence |
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Srinivasan Balakrishnan and Mitchell P. Koza |
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116 | (20) |
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This chapter suggests that firms may use joint ventures rather than acquisitions when they face valuation problems. |
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6. The Choice between Mergers/Acquisitions and Joint Ventures: The Case of Japanese Investors in the United States |
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Jean-François Hennart and Sabine Reddy |
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136 | (18) |
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This chapter presents an empirical test of the "indigestibility" hypothesis that firms will turn to joint ventures over acquisitions in settings where post-merger integration costs are substantial. |
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7. Asymmetric Information and Joint Venture Performance: Theory and Evidence for Domestic and International Joint Ventures |
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Jeffrey J. Reuer and Mitchell P. Koza |
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154 | (15) |
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This chapter considers alternative economic theories of joint ventures and how they should be judged based on the evidence to date. |
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III. REAL OPTIONS PERSPECTIVES ON INTERFIRM COLLABORATION |
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8. Joint Ventures and the Option to Expand and Acquire |
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169 | (20) |
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This chapter extends real options theory to the setting of interfirm collaboration. |
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9. Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes |
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Tailan Chi and Donald J. McGuire |
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189 | (24) |
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This chapter develops a stochastic model that integrates transaction cost and real option considerations to demonstrate the value of options to acquire or sell joint ventures. |
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10. Downside Risk Implications of Multinationality and International Joint Ventures |
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Jeffrey J. Reuer and Michael J. Leiblein |
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213 | (22) |
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This chapter examines whether firms are deriving benefits from their joint ventures as predicted by real options theory. |
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IV. LEARNING PERSPECTIVES ON INTERFIRM COLLABORATION |
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11. Competition for Competence and Inter-Partner Learning within International Strategic Alliances |
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235 | (32) |
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This chapter considers competition within alliances and the factors associated with the internalization of a partner's skills. |
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12. The Dynamics of Learning Alliances: Competition, Cooperation, and Relative Scope |
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Tarun Khanna, Ranjay Gulati, and Nitin Nohria |
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267 | (29) |
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This chapter relies on models of technology races to depict how firms learn and alter their commitments to alliances over time. |
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13. Working Abroad, Working with Others: How Firms Learn to Operate International Joint Ventures |
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Harry G. Barkema, Oded Shenkar, Freek Vermeuleun, and John H.J. Bell |
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296 | (19) |
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This chapter examines whether firms are able to develop joint venture capabilities through experiential learning. |
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14. Do Firms Learn to Create Value? The Case of Alliances |
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Bharat N. Anand and Tarun Khanna |
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315 | (34) |
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This chapter indicates that experience effects are present for some alliances, but not for others. |
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V. RELATIONAL PERSPECTIVES ON INTERFIRM COLLABORATION |
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15. The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage |
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Jeffrey H. Dyer and Harbir Singh |
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349 | (29) |
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This chapter explores the implications of firms' capabilities residing outside of their boundaries. |
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16. Alliances and Networks |
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378 | (39) |
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This chapter discusses how a social network perspective on interfirm collaboration differs from the traditional view of alliances as dyadic exchanges. |
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17. Social Capital, Structural Holes and the Formation of an Industry Network |
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Gordon Walker, Bruce Kogut, and Weijian Shan |
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417 | (30) |
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This chapter examines whether the formation of alliances can be explained by social capital or the exploitation of entrepreneurial opportunities. |
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Index |
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447 | |