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http://hdl.handle.net/1942/1759
Title: | Choosing governance modes for external technology sourcing | Authors: | van de Vrande, V. Lemmens, C. VANHAVERBEKE, Wim |
Issue Date: | 2006 | Publisher: | Blackwell | Source: | R&D Management, 36(3). p. 347-363 | Abstract: | This study examines the effect of uncertainty on governance mode choice of interfirm relationships in new business development (NBD). We combine transaction cost economics and real options reasoning, arguing that in the early stages of NBD, where technological and market uncertainty are very high, companies are better off using governance modes that are reversible and involve a low level of commitment. When uncertainty has decreased as a result of prior R&D investments, transaction costs considerations become dominant and companies will shift towards governance modes that are less reversible and more hierarchical. We argue that technological distance leads to less hierarchical governance modes and prior cooperation between firms leads to subsequent choices for more hierarchical modes. Finally, we propose that higher exogenous uncertainty leads to less hierarchical governance modes. | Document URI: | http://hdl.handle.net/1942/1759 | ISSN: | 0033-6807 | e-ISSN: | 1467-9310 | DOI: | 10.1111/j.1467-9310.2006.00434.x | ISI #: | 000237814400010 | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2007 |
Appears in Collections: | Research publications |
Files in This Item:
File | Description | Size | Format | |
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RDM Van de Vrande et al 2006.pdf Restricted Access | 174 kB | Adobe PDF | View/Open Request a copy |
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