We employed a property rights approach to formulate a set of hypotheses explaining the choice between equity and non-equity alliances in the Information and Communication Technology industry. The firm’s need to control knowledge exchange and the resulting innovation makes property rights an important concern permeating partners’ strategic behavior. We showed that equity alliances were preferred...

We argue that incumbents may be in a position to adapt to radical technological change via interfirm cooperation with new entrants when the incumbents have complementary assets within their firm boundaries that are critical to commercializing the new technology. We study 889 strategic alliances of pharmaceutical companies with new biotechnology firms. We find that an incumbent’s alliances with ...

The subject of this research is the problematic aspects international legal regulation cooperation between airways. author reviews fundamental treaties in sphere air transportation (international law). Special attention given to examination different types bilateral agreements on transport or communication. Analysis conducted advantages and disadvantages structure regulation; classification all...

T study investigates the effect of information technology (IT) architecture flexibility on strategic alliance formation and firm value. We first examine the effect of three dimensions of IT architecture flexibility (open communication standards, cross-functional transparency, and modularity) on formation of three types of alliances (arm’s-length, collaborative, and joint-venture alliances, resp...

Current m-commerce business models show that m-commerce depends on complex networks of business relationships, which often comprise telecommunications service providers, mobile device makers, banking industry, Internet search engine providers, and various third-party value-adding companies. Due to the nature of m-commerce, the key to success in m-commerce lies predominantly in managing a networ...

The growth of economic entities and their desire for unification affects the increase in world trade increasing appearance International Strategic Alliances aimed at overcoming crisis created by COVID-19 pandemic Russian invasion Ukraine. Analysis latest research publications has shown that modern is not a systematic nature; taking into account rapid spread international strategic alliances 21s...

We study the process of wealth creation by alliances and relate it to the quality of governance of firms. We argue that alliances increase firm’s operating flexibility, reduce the agency costs related to the free-cash flows as well as the agency costs related to the distortion in the allocation of capital within the firm. Given the constraints on the use of free cash flows, managers at the helm...