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| Author: | Palmberg, C. Pajarinen, M. |
| Title: | Internationalisation through strategic alliances Determinants of non-equity alliances of Finnish firms |
| Journal: | Liiketaloudellinen aikakauskirja
2005 : 4, p. 489-509 |
| Index terms: | internationalization companies alliances strategy Nordic countries Finland |
| Language: | eng |
| Abstract: | This paper draws on a new database of strategic alliances (hereafter as: str-alls.) to identify the determinants non-equity international alliance formation of large Finnish firms and thereby contributes with new insights into the reasons behind the these firms' recent internationalization through str-alls. The econometric analysis is framed in terms of organizational theories of the firm, emphasizing the relationships btw. uncertainties embedded in the activities undertaken within alliances and their organisation. The analysis combines data on the nature of alliances with data on characteristics of the partner firms to account for positional asymmetries in alliances. The results suggest that the involvement of firms in uncertain R&D- or market-related activities determine the preference for non-equity alliances over equity-based ones in their internationalisation effort. This result is especially pronounced in ICT-related alliances. In contrast, production-related activities are associated with tighter equity-based alliance organizations. These results remain intact when the effect of Nokia is accounted for, as the dominating firm in the alliances activity from a Finnish viewpoint. |
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