A strategic alliance is a hybrid organizational form that is between an arms length contract and a full-fledged merger between firms. In some alliances firms take a minority equity stake in the partner firm. We refer to these as equity alliances. Using data on 759 alliances, we examine the motivation for the use of equity in alliances. We study whether equity is intended to strengthen the contr...

Let G = (V, E) be a graph. A nonempty subset S ⊆ V is a (strong defensive) alliance of G if every node in S has at least as many neighbors in S than in V \S. This work is motivated by the following observation: when G is a locally structured graph its nodes typically belong to small alliances. Despite the fact that finding the smallest alliance in a graph is NP-hard, we can at least compute in ...

This paper studied the relationship between corporate IT capability and alliance performance in Chinese corporate alliances with regression analysis. With a sample of 127 alliances, this paper found IT capability has significantly positive effect on alliance performance and knowledge acquisition plays a role as a mediator, while regional factor plays a role as a moderator. That means the positi...

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 ...