This paper investigates whether joint ventures and strategic alliances create value for bondholders by examining the bond market’s reaction to announcements of these two types of cooperative business activities. Based on 2964 announcements from 1985 to 2011, we find that joint ventures and strategic alliances create significant value for bondholders. The average two-month abnormal bond return i...

This article explores sources of failure in strategic alliances drawing on field research into one of the most prominent alliance collapses in recent years. The alliance of Volvo and Renault married the two largest enterprises in their respective countries for economic objectives that virtually all industry experts applauded. Three years after its founding, the allies split apart in a bruising ...

Today, many biotechnology firms are using strategic alliances to contract with other companies. In this article, Professor Smith contends that the governance structure of these alliances—specifically, the “contractual board”—provides an integrated restraint on opportunism. While an alliance agreement’s exit structure could provide a check on opportunism by allowing the parties to exit at will, ...

While previous research has focused on choosing between insourcing or outsourcing, no systematic attempt has been made to find a viable alternative for IT capable companies, which need to realize optimum value from their IT capabilities. This study reviews the IT outsourcing and strategic management literature and identifies outsourcing alliances as a strategic alternative to the traditional ar...

In the late 1990’s researchers believed that B2B markets were set to revolutionise e-procurement. New marketplaces were being created on an almost weekly basis to cater for the procurement needs of numerous and diverse industry sectors. More recently however, researchers have noted that many B2B markets are under performing and failure rates are high. We draw upon research on strategic alliance...

Purpose of this paper The purpose of this paper is to engage in a comprehensive review of the research on strategic alliances in the last decade. Design/methodology/approach After presenting a typology of diverse alliance governance forms, we review recent analyses of alliance formation, implementation management, and performance outcomes of collaborative activities. Findings Strategic alliance...

Purpose – The purpose of this paper is propose a strategic framework for understanding interpartner negotiation dynamics in alliances. Design/methodology/approach – The authors define interpartner negotiations as a process of reconciling and integrating the interests of the partners in an alliance, and consider four types of interpartner negotiation strategies – problem solving, contending, yie...

A significant gap exists in early-stage seed capital for technology-based new ventures. This article reports the results of a survey of embryonic firms in the southwestern United States, which received significant amounts of their initial capital from strategic partners. Our concern in this paper is the resource development process of high-growth (technology-intensive), early-stage firms throug...

Nowadays, firms apply the merger and acquisition strategy for gaining synergy, increasing the wealth of stockholders, economics of scales, enhancing efficiency, increasing the ability to research and develop, developing the firm and decreasing the risk. Developing an optimized model with the ability to identify the effective variables on the merger and acquisition process has a significant ...

This paper presents a theoretical framework for understanding the evolutionary dynamics of strategic alliances. Using an integrated process model, we analyze the conceptual characteristics and antecedents of the stability of strategic alliances. The primary purpose of this study is to (1) conceptualize and characterize alliance stability to fill the academic gap in the literature, and (2) ident...