External technology sourcing: the effect of uncertainty on governance mode choice
Van de Vrande, Vareska J.A. Vanhaverbeke, Wim Duysters, Geert
Van de Vrande, Vareska J.A.
Vanhaverbeke, Wim
Duysters, Geert
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Publication Type
Journal article
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Supervisor
Publication Year
2009
Journal
Journal of Business Venturing
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Publication Volume
24
Publication Issue
1
Publication Begin page
62
Publication End page
80
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Abstract
External knowledge sourcing is increasingly important for corporate entrepreneurship. In this study, we examine the effect of external and relational uncertainty on the governance choice for inter-organizational technology sourcing. We develop a number of hypotheses about the impact of environmental turbulence, technological newness, technological distance and prior cooperation on the choice between different governance modes. Data about external technology sourcing transactions in the pharmaceutical industry do not provide evidence for a continuum from less to more integrated sourcing modes. However, we find that the ranking depends on the type of uncertainty, indicating that firms tackle different types of uncertainty with different governance modes.
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Keywords
Corporate Governance