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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Sub-type Working paper Author van de Vrande, Vareska
Vanhaverbeke, Wim
Duysters, GeertTitle 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 acquisitionsJEL 032
031Copyright Holder UNU-MERIT Copyright Year 2007 Copyright type All rights reserved ISSN 18719872 -
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