Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/44832
Title: The Impacts of Alliance Purpose and Partner Similarity on Alliance Governance
Authors: Pangarkar, N. 
Klein, S.
Issue Date: 2001
Source: Pangarkar, N.,Klein, S. (2001). The Impacts of Alliance Purpose and Partner Similarity on Alliance Governance. British Journal of Management 12 (4) : 341-353. ScholarBank@NUS Repository.
Abstract: It is generally recognized that the governance structure of an alliance has an impact on its probability of success. In this study, we examine the choice between two alternative alliance governance structures: equity and non-equity. Drawing from transaction cost economics, two sets of factors, namely alliance purpose (R&D or marketing) and cultural distance between partners, are hypothesized to influence the above choice. We further hypothesize that collaborative R&D alliances, where both parties contribute technical knowledge, are more likely to lead to the formation of equity alliances than non-collaborative research agreements, where only one partner may be doing the research work. Based on a sample of 2407 alliances formed in the global biotechnology industry, we find partial support for the hypothesized relationships. Specifically, we find that collaborative R&D alliances are more likely to be equity alliances, whereas non-collaborative R&D alliances do not have any impact on the choice of the governance form. We also find that alliances formed with a marketing purpose are less likely to be equity alliances. We did not find any relationship between cultural distance and the choice of equity alliances.
Source Title: British Journal of Management
URI: http://scholarbank.nus.edu.sg/handle/10635/44832
ISSN: 10453172
Appears in Collections:Staff Publications

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