메뉴 건너뛰기




Volumn 28, Issue 13, 2007, Pages 1291-1317

Alliance or acquisition? A dyadic perspective on interfirm resource combinations

Author keywords

Alliances; Capabilities; Mergers and acquisitions; Resources

Indexed keywords

COST EFFECTIVENESS; INDUSTRIAL ECONOMICS; KNOWLEDGE ACQUISITION; MERGERS AND ACQUISITIONS; RESOURCE ALLOCATION;

EID: 36248941247     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.638     Document Type: Article
Times cited : (317)

References (74)
  • 1
    • 0001736287 scopus 로고    scopus 로고
    • Do firms learn to create value? The case of alliances
    • Anand BN, Khanna T. 2000. Do firms learn to create value? The case of alliances. Strategic Management Journal, March Special Issue 21: 295-315.
    • (2000) Strategic Management Journal , vol.21 , pp. 295-315
    • Anand, B.N.1    Khanna, T.2
  • 3
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney J. 1991. Firm resources and sustained competitive advantage. Journal of Management 17(1): 99-120.
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 99-120
    • Barney, J.1
  • 5
    • 0002627111 scopus 로고
    • Is your strategic alliance really a sale?
    • Bleeke J, Ernst D. 1995. Is your strategic alliance really a sale? Harvard Business Review 70(1): 97-105.
    • (1995) Harvard Business Review , vol.70 , Issue.1 , pp. 97-105
    • Bleeke, J.1    Ernst, D.2
  • 6
    • 0005993257 scopus 로고    scopus 로고
    • Diversification strategy, entry mode, and performance: Evidence of choice and constraints
    • Busija EC, O'Neill HM, Zeithaml CP. 1997. Diversification strategy, entry mode, and performance: evidence of choice and constraints. Strategic Management Journal 18(4): 321-327.
    • (1997) Strategic Management Journal , vol.18 , Issue.4 , pp. 321-327
    • Busija, E.C.1    O'Neill, H.M.2    Zeithaml, C.P.3
  • 7
    • 0000111782 scopus 로고    scopus 로고
    • Resource redeployment following horizontal acquisitions in Europe and North America, 1988-1992
    • Capron L, Dussauge P, Mitchell W. 1998. Resource redeployment following horizontal acquisitions in Europe and North America, 1988-1992. Strategic Management Journal 19(7): 631-661.
    • (1998) Strategic Management Journal , vol.19 , Issue.7 , pp. 631-661
    • Capron, L.1    Dussauge, P.2    Mitchell, W.3
  • 8
    • 0000784093 scopus 로고    scopus 로고
    • Bilateral resource redeployment and capabilities improvement following horizontal acquisitions
    • Capron L, Mitchell W. 1998. Bilateral resource redeployment and capabilities improvement following horizontal acquisitions. Industrial and Corporate Change 7(3): 453-484.
    • (1998) Industrial and Corporate Change , vol.7 , Issue.3 , pp. 453-484
    • Capron, L.1    Mitchell, W.2
  • 9
    • 84937297195 scopus 로고
    • International joint ventures versus wholly owned subsidiaries
    • Chan PS. 1995. International joint ventures versus wholly owned subsidiaries. Multinational Business Review 3(1): 37-44.
    • (1995) Multinational Business Review , vol.3 , Issue.1 , pp. 37-44
    • Chan, P.S.1
  • 10
    • 0009641186 scopus 로고    scopus 로고
    • Option to acquire or divest a joint venture
    • Chi T. 2000. Option to acquire or divest a joint venture. Strategic Management Journal 21(6): 665-687.
    • (2000) Strategic Management Journal , vol.21 , Issue.6 , pp. 665-687
    • Chi, T.1
  • 11
    • 0002133102 scopus 로고    scopus 로고
    • Complementarity, status similarity and social capital as drivers of alliance formation
    • Chung S, Singh H, Lee K. 2000. Complementarity, status similarity and social capital as drivers of alliance formation. Strategic Management Journal 21(1): 1-22.
    • (2000) Strategic Management Journal , vol.21 , Issue.1 , pp. 1-22
    • Chung, S.1    Singh, H.2    Lee, K.3
  • 12
    • 84936166194 scopus 로고
    • Absorptive capacity: A new perspective on learning and innovation
    • Cohen WM, Levinthal DA. 1990. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 35: 128-152.
    • (1990) Administrative Science Quarterly , vol.35 , pp. 128-152
    • Cohen, W.M.1    Levinthal, D.A.2
  • 13
    • 0002442959 scopus 로고
    • Contractual and cooperative forms of international business: Towards unified theory of modal choice
    • Contractor J. 1990. Contractual and cooperative forms of international business: towards unified theory of modal choice. Management International Review 30: 31-54.
    • (1990) Management International Review , vol.30 , pp. 31-54
    • Contractor, J.1
  • 14
    • 0000737778 scopus 로고
    • Cross-border acquisitions: An examination of the influence of relatedness and cultural fit on shareholder value creation in U.S. acquiring firms
    • Datta DK, Puia G. 1995. Cross-border acquisitions: an examination of the influence of relatedness and cultural fit on shareholder value creation in U.S. acquiring firms. Management International Review 35: 337-359.
    • (1995) Management International Review , vol.35 , pp. 337-359
    • Datta, D.K.1    Puia, G.2
  • 15
    • 0003070831 scopus 로고    scopus 로고
    • Learning from competing partners: Outcomes and durations of scale and link alliances in Europe, North America and Asia
    • Dussauge P, Garrette B, Mitchell W. 2000. Learning from competing partners: outcomes and durations of scale and link alliances in Europe, North America and Asia. Strategic Management Journal 21(2): 99-126.
    • (2000) Strategic Management Journal , vol.21 , Issue.2 , pp. 99-126
    • Dussauge, P.1    Garrette, B.2    Mitchell, W.3
  • 17
    • 0032348699 scopus 로고    scopus 로고
    • The relational view: Cooperative strategy and sources of interorganizational competitive advantage
    • Dyer JH, Singh H. 1998. The relational view: cooperative strategy and sources of interorganizational competitive advantage. Academy of Management Review 23(4): 660-679.
    • (1998) Academy of Management Review , vol.23 , Issue.4 , pp. 660-679
    • Dyer, J.H.1    Singh, H.2
  • 18
    • 36248982878 scopus 로고    scopus 로고
    • Decoupling resources from the resource-based view: Unraveling multiple ties to competitive advantage
    • Atlanta, GA, 17 June
    • Eisenhardt K, Bingham CB. 2004. Decoupling resources from the resource-based view: unraveling multiple ties to competitive advantage. In Atlanta Competitive Advantage Conference, Atlanta, GA, 17 June.
    • (2004) Atlanta Competitive Advantage Conference
    • Eisenhardt, K.1    Bingham, C.B.2
  • 20
    • 84989040346 scopus 로고
    • Determinants of tender offer post-acquisition financial performance
    • Fowler KL, Schmidt DR. 1989. Determinants of tender offer post-acquisition financial performance. Strategic Management Journal 10(4): 339-350.
    • (1989) Strategic Management Journal , vol.10 , Issue.4 , pp. 339-350
    • Fowler, K.L.1    Schmidt, D.R.2
  • 21
    • 0034134735 scopus 로고    scopus 로고
    • Alliances versus acquisitions: Choosing the right option
    • Garrette B, Dussauge P. 2000. Alliances versus acquisitions: choosing the right option. European Management Journal 18(1): 63-69.
    • (2000) European Management Journal , vol.18 , Issue.1 , pp. 63-69
    • Garrette, B.1    Dussauge, P.2
  • 22
    • 84936824352 scopus 로고
    • Economic action and social structure: A theory of embeddedness
    • Granovetter M. 1985. Economic action and social structure: a theory of embeddedness. American Journal of Sociology 91: 481-510.
    • (1985) American Journal of Sociology , vol.91 , pp. 481-510
    • Granovetter, M.1
  • 23
    • 2942649403 scopus 로고    scopus 로고
    • Toward a knowledge-based theory of the firm
    • Grant RM. 1996. Toward a knowledge-based theory of the firm. Strategic Management Journal, Winter Special Issue 17: 109-122.
    • (1996) Strategic Management Journal , vol.17 , pp. 109-122
    • Grant, R.M.1
  • 24
    • 0004296209 scopus 로고    scopus 로고
    • 5th edn, Prentice-Hall: Upper Saddle River, NJ
    • Greene WH. 2003. Econometric Analysis (5th edn). Prentice-Hall: Upper Saddle River, NJ.
    • (2003) Econometric Analysis
    • Greene, W.H.1
  • 25
    • 21344443040 scopus 로고
    • Social structure and alliance formation patterns: A longitudinal analysis
    • Gulati R. 1995. Social structure and alliance formation patterns: a longitudinal analysis. Administrative Science Quarterly 40: 619-652.
    • (1995) Administrative Science Quarterly , vol.40 , pp. 619-652
    • Gulati, R.1
  • 26
    • 0001458153 scopus 로고    scopus 로고
    • Network location and learning: The influence of network resources and firm capabilities on alliance formation
    • Gulati R. 1999. Network location and learning: the influence of network resources and firm capabilities on alliance formation. Strategic Management Journal 20(5): 397-420.
    • (1999) Strategic Management Journal , vol.20 , Issue.5 , pp. 397-420
    • Gulati, R.1
  • 27
    • 0033092817 scopus 로고    scopus 로고
    • Where do interorganizational networks come from?
    • Gulati R, Gargiulo M. 1999. Where do interorganizational networks come from? American Journal of Sociology 104(5): 1439-1493.
    • (1999) American Journal of Sociology , vol.104 , Issue.5 , pp. 1439-1493
    • Gulati, R.1    Gargiulo, M.2
  • 28
    • 0032218715 scopus 로고    scopus 로고
    • The architecture of cooperation: Managing coordination costs and appropriation concerns in strategic alliances
    • Gulati R, Singh H. 1998. The architecture of cooperation: managing coordination costs and appropriation concerns in strategic alliances. Administrative Science Quarterly 43: 781-814.
    • (1998) Administrative Science Quarterly , vol.43 , pp. 781-814
    • Gulati, R.1    Singh, H.2
  • 29
    • 0033196540 scopus 로고    scopus 로고
    • Cooperative or controlling? The effects of CEO-board relations and the content of interlocks on the formation of joint ventures
    • Gulati R, Westphal JD. 1999. Cooperative or controlling? The effects of CEO-board relations and the content of interlocks on the formation of joint ventures. Administrative Science Quarterly 44(3): 473-506.
    • (1999) Administrative Science Quarterly , vol.44 , Issue.3 , pp. 473-506
    • Gulati, R.1    Westphal, J.D.2
  • 30
    • 0033247481 scopus 로고    scopus 로고
    • The influence of organizational acquisition experience on acquisition performance: A behavioral learning perspective
    • Haleblian J, Finkelstein S. 1999. The influence of organizational acquisition experience on acquisition performance: a behavioral learning perspective. Administrative Science Quarterly 44(1): 29-56.
    • (1999) Administrative Science Quarterly , vol.44 , Issue.1 , pp. 29-56
    • Haleblian, J.1    Finkelstein, S.2
  • 33
    • 84970151974 scopus 로고
    • Synergies and post-acquisition performance: Differences and similarities in resource allocations
    • Harrison JS, Hitt MA, Hoskisson RE, Ireland RD. 1991. Synergies and post-acquisition performance: differences and similarities in resource allocations. Journal of Management 17(1): 173-190.
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 173-190
    • Harrison, J.S.1    Hitt, M.A.2    Hoskisson, R.E.3    Ireland, R.D.4
  • 34
    • 0000340985 scopus 로고    scopus 로고
    • Resource complementarity in business combinations: Extending the logic to organizational alliances
    • Harrison JS, Hitt MA, Hoskisson RE, Ireland RD. 2001. Resource complementarity in business combinations: extending the logic to organizational alliances. Journal of Management 27: 679-690.
    • (2001) Journal of Management , vol.27 , pp. 679-690
    • Harrison, J.S.1    Hitt, M.A.2    Hoskisson, R.E.3    Ireland, R.D.4
  • 35
    • 0036216897 scopus 로고    scopus 로고
    • When do firms learn from their acquisition experience? Evidence from 1990-1995
    • Hayward MLA. 2002. When do firms learn from their acquisition experience? Evidence from 1990-1995. Strategic Management Journal 23(1): 21-39.
    • (2002) Strategic Management Journal , vol.23 , Issue.1 , pp. 21-39
    • Hayward, M.L.A.1
  • 36
    • 84989093773 scopus 로고
    • A transaction costs theory of equity joint ventures
    • Hennart J-F. 1988. A transaction costs theory of equity joint ventures. Strategic Management Journal 9(4): 361-374.
    • (1988) Strategic Management Journal , vol.9 , Issue.4 , pp. 361-374
    • Hennart, J.-F.1
  • 37
    • 0000449836 scopus 로고    scopus 로고
    • Learning and protection of proprietary assets in strategic alliances: Building relational capital
    • Kale P, Singh H, Perlmutter H. 2000. Learning and protection of proprietary assets in strategic alliances: building relational capital. Strategic Management Journal, March Special Issue 21: 217-237.
    • (2000) Strategic Management Journal , vol.21 , pp. 217-237
    • Kale, P.1    Singh, H.2    Perlmutter, H.3
  • 38
    • 0000884659 scopus 로고    scopus 로고
    • The dynamics of learning alliances: Competition, cooperation, and relative scope
    • Khanna T, Gulati R, Nohria N. 1998. The dynamics of learning alliances: competition, cooperation, and relative scope. Strategic Management Journal 19(3): 193-210.
    • (1998) Strategic Management Journal , vol.19 , Issue.3 , pp. 193-210
    • Khanna, T.1    Gulati, R.2    Nohria, N.3
  • 39
    • 4544259831 scopus 로고    scopus 로고
    • Logistic regression in rare events data
    • King G, Zeng L. 2001. Logistic regression in rare events data. Political Analysis 9(2): 1-27.
    • (2001) Political Analysis , vol.9 , Issue.2 , pp. 1-27
    • King, G.1    Zeng, L.2
  • 40
    • 84989051609 scopus 로고
    • Joint ventures: Theoretical and empirical perspectives
    • Kogut B. 1988. Joint ventures: theoretical and empirical perspectives. Strategic Management Journal 9(4): 319-332.
    • (1988) Strategic Management Journal , vol.9 , Issue.4 , pp. 319-332
    • Kogut, B.1
  • 41
    • 0002587437 scopus 로고
    • Joint ventures and the option to expand and acquire
    • Kogut B. 1991. Joint ventures and the option to expand and acquire. Management Science 37(1): 19-33.
    • (1991) Management Science , vol.37 , Issue.1 , pp. 19-33
    • Kogut, B.1
  • 42
    • 84986761880 scopus 로고
    • The effect of national culture on the choice of entry mode
    • Kogut B, Singh H. 1988. The effect of national culture on the choice of entry mode. Journal of International Business Studies 19: 414-432.
    • (1988) Journal of International Business Studies , vol.19 , pp. 414-432
    • Kogut, B.1    Singh, H.2
  • 43
    • 0000534155 scopus 로고
    • Joint venture formations and stock market reactions: An assessment in the information technology sector
    • Koh J, Venkatraman N. 1991. Joint venture formations and stock market reactions: an assessment in the information technology sector. Academy of Management Journal 34: 869-892.
    • (1991) Academy of Management Journal , vol.34 , pp. 869-892
    • Koh, J.1    Venkatraman, N.2
  • 44
    • 0000994704 scopus 로고    scopus 로고
    • Relative absorptive capacity and interorganizational learning
    • Lane PJ, Lubatkin M. 1998. Relative absorptive capacity and interorganizational learning. Strategic Management Journal 19(5): 461-477.
    • (1998) Strategic Management Journal , vol.19 , Issue.5 , pp. 461-477
    • Lane, P.J.1    Lubatkin, M.2
  • 45
    • 0010841574 scopus 로고    scopus 로고
    • The leveraging of interfirm relationships as a distinctive organizational capability: A longitudinal study
    • Lorenzoni G, Lipparini A. 1999. The leveraging of interfirm relationships as a distinctive organizational capability: a longitudinal study. Strategic Management Journal 20(4): 317-338.
    • (1999) Strategic Management Journal , vol.20 , Issue.4 , pp. 317-338
    • Lorenzoni, G.1    Lipparini, A.2
  • 46
    • 84989012147 scopus 로고
    • Merger strategies and stockholder value
    • Lubatkin M. 1987. Merger strategies and stockholder value. Strategic Management Journal 8(1): 39-53.
    • (1987) Strategic Management Journal , vol.8 , Issue.1 , pp. 39-53
    • Lubatkin, M.1
  • 48
    • 84939634380 scopus 로고
    • Corporate combinations and common stock returns: The case of joint ventures
    • McConnell JJ, Nantell TJ. 1985. Corporate combinations and common stock returns: the case of joint ventures. Journal of Finance 40(2): 519-536.
    • (1985) Journal of Finance , vol.40 , Issue.2 , pp. 519-536
    • McConnell, J.J.1    Nantell, T.J.2
  • 50
    • 21344435746 scopus 로고    scopus 로고
    • An empirical investigation of joint venture dynamics: Evidence from U.S.-Japan joint ventures
    • Nakamura M, Shaver JM, Yeung B. 1996. An empirical investigation of joint venture dynamics: evidence from U.S.-Japan joint ventures. International Journal of Industrial Organization 14: 521-541.
    • (1996) International Journal of Industrial Organization , vol.14 , pp. 521-541
    • Nakamura, M.1    Shaver, J.M.2    Yeung, B.3
  • 52
    • 0031123305 scopus 로고    scopus 로고
    • The effect of national culture, organizational complementarity, and economic motivation on joint venture dissolution
    • Park SH, Ungson GR. 1997. The effect of national culture, organizational complementarity, and economic motivation on joint venture dissolution. Academy of Management Journal 40(2): 279-307.
    • (1997) Academy of Management Journal , vol.40 , Issue.2 , pp. 279-307
    • Park, S.H.1    Ungson, G.R.2
  • 56
    • 0031510163 scopus 로고    scopus 로고
    • The performance impact of strategic similarity in horizontal mergers: Evidence from the U.S. banking industry
    • Ramaswamy K. 1997. The performance impact of strategic similarity in horizontal mergers: evidence from the U.S. banking industry. Academy of Management Journal 40(3): 697-715.
    • (1997) Academy of Management Journal , vol.40 , Issue.3 , pp. 697-715
    • Ramaswamy, K.1
  • 58
    • 84989035983 scopus 로고
    • Value creation in acquisitions: A re-examination of performance issues
    • Seth A. 1990. Value creation in acquisitions: a re-examination of performance issues. Strategic Management Journal 11(2): 99-115.
    • (1990) Strategic Management Journal , vol.11 , Issue.2 , pp. 99-115
    • Seth, A.1
  • 59
    • 0040777006 scopus 로고    scopus 로고
    • Synergy, managerialism or hubris? An empirical examination of motives for foreign acquisitions of U.S. firms
    • Seth A, Song K, Pettit R. 2000. Synergy, managerialism or hubris? An empirical examination of motives for foreign acquisitions of U.S. firms. Journal of International Business Studies 31(3): 387-405.
    • (2000) Journal of International Business Studies , vol.31 , Issue.3 , pp. 387-405
    • Seth, A.1    Song, K.2    Pettit, R.3
  • 60
    • 0001138995 scopus 로고    scopus 로고
    • Manufacturing-based relatedness, synergy, and coordination
    • St John CH, Harrison JS. 1999. Manufacturing-based relatedness, synergy, and coordination. Strategic Management Journal 20(2): 129-145.
    • (1999) Strategic Management Journal , vol.20 , Issue.2 , pp. 129-145
    • St John, C.H.1    Harrison, J.S.2
  • 61
    • 0032220670 scopus 로고    scopus 로고
    • Network positions and propensities to collaborate: An investigation of strategic alliance formulation in a high-technology industry
    • Stuart TE. 1998. Network positions and propensities to collaborate: an investigation of strategic alliance formulation in a high-technology industry. Administrative Science Quarterly 43(3): 668-698.
    • (1998) Administrative Science Quarterly , vol.43 , Issue.3 , pp. 668-698
    • Stuart, T.E.1
  • 62
    • 0000837320 scopus 로고    scopus 로고
    • Interorganizational alliances and the performance of firms: A study of growth and innovation rates in a high-technology industry
    • Stuart TE. 2000. Interorganizational alliances and the performance of firms: a study of growth and innovation rates in a high-technology industry. Strategic Management Journal 21(8): 791-811.
    • (2000) Strategic Management Journal , vol.21 , Issue.8 , pp. 791-811
    • Stuart, T.E.1
  • 63
    • 11844254457 scopus 로고    scopus 로고
    • Knowledge relatedness and the performance of multibusiness firms
    • Tanriverdi H, Venkatraman N. 2005. Knowledge relatedness and the performance of multibusiness firms. Strategic Management Journal 26(2): 97-119.
    • (2005) Strategic Management Journal , vol.26 , Issue.2 , pp. 97-119
    • Tanriverdi, H.1    Venkatraman, N.2
  • 66
    • 0030424744 scopus 로고    scopus 로고
    • The sources and consequences of embeddedness for the economic performance of organizations: The network effect
    • Uzzi B. 1996. The sources and consequences of embeddedness for the economic performance of organizations: the network effect. American Sociological Review 61: 674-698.
    • (1996) American Sociological Review , vol.61 , pp. 674-698
    • Uzzi, B.1
  • 67
    • 0038489382 scopus 로고    scopus 로고
    • Post-acquisition integration as sensemaking: Glimpses of ambiguity, confusion, hypocrisy, and politicization
    • Vaara E. 2003. Post-acquisition integration as sensemaking: glimpses of ambiguity, confusion, hypocrisy, and politicization. Journal of Management Studies 40(4): 859-894.
    • (2003) Journal of Management Studies , vol.40 , Issue.4 , pp. 859-894
    • Vaara, E.1
  • 68
    • 27844595824 scopus 로고    scopus 로고
    • The choice among acquisitions, alliances, and divestitures
    • Villalonga B, McGahan AM. 2005. The choice among acquisitions, alliances, and divestitures. Strategic Management Journal 26(13): 1183-1208.
    • (2005) Strategic Management Journal , vol.26 , Issue.13 , pp. 1183-1208
    • Villalonga, B.1    McGahan, A.M.2
  • 69
    • 21144470918 scopus 로고
    • Analysis of complex negotiation in international business: The RBC perspective
    • Weiss SE. 1993. Analysis of complex negotiation in international business: the RBC perspective. Organization Science 4(2): 269-300.
    • (1993) Organization Science , vol.4 , Issue.2 , pp. 269-300
    • Weiss, S.E.1
  • 70
    • 84989133012 scopus 로고
    • A resource-based view of the firm
    • Wernerfelt B. 1984. A resource-based view of the firm. Strategic Management Journal 5(2): 171-180.
    • (1984) Strategic Management Journal , vol.5 , Issue.2 , pp. 171-180
    • Wernerfelt, B.1
  • 73
    • 85025214884 scopus 로고
    • From transaction cost to transactional value analysis: Implications for the study of interorganizational strategies
    • Zajac EJ, Olsen CP. 1993. From transaction cost to transactional value analysis: implications for the study of interorganizational strategies. Journal of Management Studies 30(1): 131-145.
    • (1993) Journal of Management Studies , vol.30 , Issue.1 , pp. 131-145
    • Zajac, E.J.1    Olsen, C.P.2
  • 74
    • 4043175926 scopus 로고    scopus 로고
    • Deliberate learning in corporate acquisitions: Post-acquisition strategies and integration capability in U.S. bank mergers
    • Zollo M, Singh H. 2004. Deliberate learning in corporate acquisitions: post-acquisition strategies and integration capability in U.S. bank mergers. Strategic Management Journal 25(13): 1233-1256.
    • (2004) Strategic Management Journal , vol.25 , Issue.13 , pp. 1233-1256
    • Zollo, M.1    Singh, H.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.