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Post-formation dynamics in high-tech alliances

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This paper investigates the occurence and determinants of post-formation governance changes in strategic alliances, including alterations in alliances' contracts, boards or oversight committees, and monitoring mechanims. The authors examine alliances in the biotechnology industry and find that firms' unique alliance experience trajectories affect the likelihood and extent of such ex post adjustements in these partnerships. Transactional features such as the alliance's scope, its division of labor, and the relevance of the collaboration to the parent firm also bear upon the alliance's dynamics. The authors discuss the implications of these findings and how they complement prior research focusing on alliance design or termination at opposite ends of the alliance life cycle.

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp1998/98-95.pdf

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Copyright INSEAD. All rights reserved