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Alliance mode in inter-firm cooperation: A real option view

Title
Alliance mode in inter-firm cooperation: A real option view
Author
이웅희
Keywords
Alliance mode; Real option; Inter-firm cooperation
Issue Date
2015-10
Publisher
International Academy of Business and Economics
Citation
Review of Business Research, v. 15, NO 3, Page. 93-98
Abstract
This paper intends to explain and predict the alliance mode in inter-firm cooperation from the real option view. In the past, this issue has been explored from organization economics perspective, especially by drawing on transaction cost theory. However, it is suggest that real option view can be a useful theory in distinguishing between market-based alliance and equity-based alliance. This attempt also expands the real option literature in alliance because in the past, the choice between market vs hierarchy has been the main focus of research. Specifically, it is proposed that two factors – the level of perceived uncertainty and the perceived value of underlying real asset – influence the choice between market-based vs. equity-based alliances.
URI
http://www.iabe.org/domains/IABE-DOI/article.aspx?DOI=RBR-15-3.10http://hdl.handle.net/20.500.11754/28234
ISSN
1546-2609; 2378-9670
DOI
10.18374/RBR-15-3.10
Appears in Collections:
GRADUATE SCHOOL OF BUSINESS[S](경영전문대학원) > BUSINESS ADMINISTRATION(경영학과) > Articles
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