How the purpose of the inter-firm relationships influences the choice of the governance form: evidence from the machine tool and the pharmaceutical industries
- Autori: Mazzola, E.; Perrone, G.
- Anno di pubblicazione: 2013
- Tipologia: Articolo in rivista (Articolo in rivista)
- Parole Chiave: governance mode choice; inter-firm relationships; resource-based view; transac- tion cost theory; property right theory; survey
In today’s competitive landscape, the choice of the appropriate mode to govern an inter-firm relationship is a critical factor for companies. In the literature several theoretical strands have examined the impact of the purpose of inter-firm relationships on the forms of governance. Building on a robust literature review on the topic, this study focuses on a specific issue influencing the choice of the form of governance in inter-firm relationships, i.e. the purpose of inter-firm relationships with relation to partner’s resources. We gather in a unique framework three typologies of partner’s resources, i.e. production, R&D and marketing, and through two empirical analyses in two different Italian industries, machine tool and pharmaceutical, we show how differently these purposes shape the choice of the governance mode.