The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Choosing governance modes for external technology sourcing
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.
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Citations
Cites
Knowledge of the firm, combinative capabilities, and the replication of technology
Kogut, B., & Zander, U. (1992) · Organization Science · doi:10.1287/orsc.3.3.383 · Cited by 12,939
Comparative Economic Organization: The Analysis of Discrete Structural Alternatives
Williamson, O. E. (1991) · Administrative Science Quarterly · doi:10.2307/2393356 · Cited by 7,151
Hagedoorn, J., & Duysters, G. (2002) · Journal of Management Studies · doi:10.1111/1467-6486.00287 · Cited by 681
Cited by
Dahlander, L., & Gann, D. M. (2010) · Research Policy · doi:10.1016/j.respol.2010.01.013 · Cited by 2,435
Open innovation in SMEs: Trends, motives and management challenges
van de Vrande, V., de Jong, J. P. J., Vanhaverbeke, W., & de Rochemont, M. (2009) · Technovation · doi:10.1016/j.technovation.2008.10.001 · Cited by 2,184
Self-citationChiaroni, D., Chiesa, V., & Frattini, F. (2011) · Technovation · doi:10.1016/j.technovation.2009.08.007 · Cited by 582
Metadata
- Authors
- van de Vrande, V., Lemmens, C., & Vanhaverbeke, W.
- Venue
- R and D Management
- Publisher
- Wiley
- Published
- 2006-06
- Volume
- 36
- Issue
- 3
- Pages
- 347-363
- ISSN
- 0033-6807 (ISSN-L)
- 1467-9310
- OpenAlex
- W2171799994
- Cited by
- 294
- References
- 3
- FWCI
- 30.80
- Type
- journal article
- Language
- en
- Open access
- closed
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