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Multipartner alliances among small firms promoted by external managers: Risk and governance mechanisms
International Small Business Journal: Researching Entrepreneurship ( IF 6.413 ) Pub Date : 2022-05-31 , DOI: 10.1177/02662426221100182
María L Vélez, José M Sánchez, Pedro Araújo

External managers may be key to setting up and managing multi-partner alliances (MPAs) among small firms, but their role has not yet been integrated in previous literature on risk and governance structures. This longitudinal matched-pair case study investigates the dynamics between relational and performance risks and control-based and trust-based governance mechanisms, in MPAs promoted and managed by external managers. The integration of external managers allows the identification of different levels of trust and control among partners. This is also the case between such partners and the external manager who controls/trusts, who is controlled/trusted, and how this changes over time. Our results show that trust and control are influenced by both the external actor and partner’s risk perceptions; they also complement each other to manage high performance and relational risks in a dynamic process. We extend prior knowledge by showing that the analysis of control/trust complementarity must take into consideration both partner-partner and partner-manager relationships.

中文翻译:

外部经理推动的小公司间多伙伴联盟:风险和治理机制

外部经理可能是在小公司之间建立和管理多合作伙伴联盟 (MPA) 的关键,但他们的角色尚未整合到以前关于风险和治理结构的文献中。这个纵向配对案例研究调查了外部经理推动和管理的 MPA 中关系和绩效风险以及基于控制和基于信任的治理机制之间的动态。外部经理的整合允许识别合作伙伴之间不同程度的信任和控制。此类合作伙伴与控制/信任的外部经理之间的情况也是如此,谁被控制/信任,以及随着时间的推移如何变化。我们的结果表明,信任和控制受到外部参与者和合作伙伴风险认知的影响;它们还相互补充,以在动态过程中管理高性能和相关风险。我们通过表明控制/信任互补性的分析必须同时考虑合作伙伴和合作伙伴-经理关系来扩展先验知识。
更新日期:2022-06-05
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