External technology sourcing: The effect of uncertainty on governance mode choice

van de Vrande, Vareska, Vanhaverbeke, Wim and Duysters, Geert (2007). External technology sourcing: The effect of uncertainty on governance mode choice. UNU-MERIT.

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UNU-MERIT Working Papers

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  • Sub-type Working paper
    Author van de Vrande, Vareska
    Vanhaverbeke, Wim
    Duysters, Geert
    Title External technology sourcing: The effect of uncertainty on governance mode choice
    Publication Date 2007
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 43
    Abstract This study examines 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.
    Keyword Open innovation
    Corporate venture capital
    Mergers and acquisitions
    JEL 032
    031
    Copyright Holder UNU-MERIT
    Copyright Year 2007
    Copyright type All rights reserved
    ISSN 18719872
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    Created: Wed, 11 Dec 2013, 15:47:59 JST