Cross-Cultural Factors and Corporate Governance Transparency in Global Airline Strategic Alliances

Transparency and Corporate Governance∗

An objective of many proposed corporate governance reforms is increased transparency. This goal has been relatively uncontroversial, as most observers believe increased transparency to be unambiguously good. We argue that, from a corporate governance perspective, there are likely to be both costs and benefits to increased transparency, leading to an optimum level beyond which increasing transpa...

Alliances and corporate governance ¬リニ

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...

Strategic Alliances and Corporate Social Capital*

Strategic alliances developed and propagated as formalized interorganizational relationships, particularly among firms in international business systems. These cooperative arrangements seek to achieve organizational objectives better through collaboration than through competition, but alliances also generate problems at several levels of analysis. Theory and research have likewise proliferated ...

Managing Governance Adaptations in Strategic Alliances

One important question confronting firms engaged in a strategic alliance is how to adapt the relationship over time. This article identifies specific governance changes firms make in strategic alliances. Using illustrative data on strategic alliances in the biotechnology industry, the authors consider the frequency of governance adaptations and explore some of the factors affecting parent firms...

Behavioral Factors in Strategic Alliances