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Risk-based perspective on the choice of alliance governance in high-tech industries

Published online by Cambridge University Press:  12 January 2017

Hwan-Jin Kim  and
Byung-Keun Kim
Hwan-Jin Kim*
Affiliation:
Department of Technology Management, Korea University of Technology and Education, Chung Cheong Nam Do, South Korea
Byung-Keun Kim
Affiliation:
Department of Technology Management, Korea University of Technology and Education, Chung Cheong Nam Do, South Korea
*
Corresponding author: [email protected]
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Abstract

This paper examines the influence of risks on alliance governance modes in high-tech industries. The extant literature has devoted little attention to the preferred governance mode based on the risks surrounding alliances. In this paper, we examine why risks are key factors in the alliance governance decision and investigate the choice of alliance governance mode in high-tech industries. Hypotheses are formulated based on risk perspectives; these hypotheses are empirically tested using data on 3,228 alliance records generated over the past 5 years in high-tech industries. The results suggest that risk perspectives provide an effective rationale for choosing an alliance governance mode in a high-tech industry. In the conclusion, we discuss critical issues in the current debates on predicting alliance governance modes.

Keywords

alliances and joint venturesrisk perspectivesgovernancetransaction cost economics
Type
Research Article
Information
Journal of Management & Organization , Volume 23 , Issue 5 , September 2017 , pp. 671 - 688
Copyright
Copyright © Cambridge University Press and Australian and New Zealand Academy of Management 2017 

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