Is experience valuable in international strategic alliances?

Jung Ho Lai, Shao Chi Chang, Sheng Syan Chen

研究成果: Article同行評審

24 引文 斯高帕斯(Scopus)

摘要

This study investigates whether firms benefit from prior alliance experiences as they undertake international strategic alliances. Different from previous studies that mostly focus on equity joint ventures, this study investigates non-equity alliances. This specific investigation is essential, because the complexity and uncertainty associated with such alliances potentially magnify the benefits of experiential learning. With a sample of 629 international, non-equity alliances formed by US firms, our results confirm the contribution of ISA experience in general, as well as that of experience specific to partner's country of origin and alliance activity type. The results also reveal a contingent benefit of ISA experiences, where experience of technological cooperation and experience with alliance partners from emerging countries both add more to firm value. We derive consistent evidence, as performance is assessed either by the market's perception of ISA value creation, or by the post announcement operating earnings in practice.

原文English
頁(從 - 到)247-261
頁數15
期刊Journal of International Management
16
發行號3
DOIs
出版狀態Published - 2010 9月

All Science Journal Classification (ASJC) codes

  • 商業與國際管理
  • 金融
  • 策略與管理

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