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| Author: | Vanhaverbeke, W. Duysters, G. Noorderhaven, N. |
| Title: | External technology sourcing through alliances or acquisitions: An analysis of the application-specific integrated circuits industry |
| Journal: | Organization Science
2002 : NOV/DEC, VOL. 13:6, p. 714-733 |
| Index terms: | Industries Innovation Alliances Mergers Organization theory High technology USA |
| Language: | eng |
| Abstract: | This paper focuses on the choice between innovation-related alliances and acquisitions. It focuses on the question of how the trade-off between strategic alliances and acquisitions is influenced by previous direct and indirect ties btw. firms in an industry network of interfirm alliances. Hypotheses are formulated pertaining to the number of direct ties btw. two companies, their proximity in the overall alliance network, and their centrality in that network. This paper distinguishes btw. ties that connect firms from the same and from different industry segments, and those that connect firms from the same or different world regions. The findings show that a series of strategic alliances btw. two partners increases the probability that one will ultimately acquire the other. The findings underscore the importance of taking previously formed interfirm linkages into account when explaining the choice btw. strategic alliances and acquisitions, as these existing links influence the transaction costs associated with both alternatives. |
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