Resource title

Governance changes in strategic alliances: antecedents of contractual renegotiations

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Resource description

This study provides an empirical investigation of the incidence and antecedents of contractual renegotiations in strategic alliances. The authors bring together initial conditions based on transaction cost theory and ex post contingencies highlighted by recent conceptual and qualitative research on the evolution of collaborative agreements. The results indicate that firms tend to change the governance of alliances when a misalignment exists between the chosent structure and features of the transaction. Further, they find that asset specificity affects alliance design as well as post-formation governance decisions. Contractual alterations are more likely in the presence of strategic change and when firms employ less extensive ex post deterrents in their alliances. They find no evidence that cross-border are any more or less likely to experience contractual renegotiations than domestic alliances.

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en

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application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp2000/2000-21.pdf

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Copyright INSEAD. All rights reserved