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Kim, Jongwook – International Journal of Learning and Change, 2018
In complex interfirm exchange relationships like alliances, firms that invest in relation-specific assets are likely to devise governance mechanisms, most prominently hierarchical control, to safeguard against various exchange hazards. However, if investing in relation-specific assets leads the focal alliance firm to discover new opportunities…
Descriptors: Governance, Biotechnology, Genetics, Regression (Statistics)