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The effect of the influential power of partner on the failure of coopetitive joint ventures
Baltic Journal of Management ( IF 2.4 ) Pub Date : 2020-04-30 , DOI: 10.1108/bjm-09-2019-0344
Steve Kyungjae Lee

Why do collaborations between direct competitors fail and what are the risks? To enhance our understanding about the sources that generate diverse risks of failure of coopetition (cooperation between competitors), this study examined the effect of influential power each partner exercise in the industry on the unexpected dissolution of joint venture (JV) between direct competitors.,This study employed event history analysis to test the hypotheses using a sample of 188 coopetitive JVs between 2001 and 2010 and data on their survival for the following 5-year window.,The results show that as firms become more powerful within the industry, they have more incentives to cooperate with competitors to maintain their current JVs than to pursue their self-interest through opportunistically dissolving collaborations, which ultimately reduces the risk of failure of coopetition.,Scholars have often considered why firms cooperate with competitors and how coopetition creates value for firms but paid less attention regarding why coopetition unexpectedly dissolves. Based on transaction cost economics and the situational assumption of mixed-motive interaction, this study provides insight into how the different levels of influence each partner can exercise within the industry cause firms to have different incentives to cooperate with competitors.

中文翻译:

合作伙伴的影响力对竞争性合营企业失败的影响

为什么直接竞争对手之间的合作失败了,风险是什么?为了加深我们对导致竞合失败(竞争对手之间合作)的各种风险的来源的理解,本研究研究了行业中每个合作伙伴行使的影响力对直接竞争对手之间合资企业(JV)意外解散的影响,这项研究采用事件历史分析方法,使用了2001年至2010年间188个竞争性合资企业的样本以及接下来5年内的生存数据来检验假设。研究结果表明,随着企业在行业中的实力越来越强,他们拥有与竞争对手合作以维持其现有合资企业的更多动机,而不是通过机会主义的解散合作来追求自身利益的动机,Scholars经常考虑为什么企业与竞争者合作以及合作如何为企业创造价值,却很少考虑合作为何意外解散的问题。基于交易成本经济学和混合动机互动的情景假设,本研究提供了洞察力,每个合伙人在行业中可以发挥不同程度的影响,如何使企业具有与竞争对手合作的不同动机。
更新日期:2020-04-30
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