ControlofinternationalJointVenture（一）.pptVIP

Control at the boundaries Henri Dekker VU Amsterdam Control choices at the boundaries… and the boundaries of control Some trends in IOR use Control choices in IORs Partner selection Relational governance trust Performance effects Learning to govern ‘New’ research directions Interfirm relationships Alliances, JVs, buyer-supplier rel., networks, licensing, franchising, knowledge sharing, ….. Broad concept (Gulati, ‘98): voluntary arrangements… exchange, sharing or co-development… products, technologies or services… wide range of motives goals… variety of forms… across vertical and horizontal boundaries. Realize goals unattainable alone (in time) Resource acquisition; scale scope Trends in IOR use Anderson Sedatole (2003): US firms 1985-2000 Sector distributions Since 2000…. (Anderson Sedatole, ‘06) Emerging economies: BRIC 1986-2005 Governance: Alliances vs. JVs IORs types – Dutch firms ’06 (N=439) Sequence of events - Gulati (‘98) Control problems in IORs Drivers of governance choices (Gulati Singh, ‘98) Appropriation concerns Transaction features (TCE) Coordination requirements Task interdependencies Dependence Beyond the transaction Relational risk performance risk (Das Teng, ‘01) Control mechanisms Most studies are at the level: Market vs. Hierarchy … vs. Hybrid Make-or-buy ; Equity vs. non-equity Equity: incentive alignment .. and assumed to reflect increased use of (o/b) control mechanisms (e.g. Gulati Singh, ‘98) Which controls, how used why? More fine-grained understanding of controls management processes needed Recent studies in accounting (mostly case evidence) Forms of control examined Contract clauses non-contractual controls Control mechanisms dimensions Ex-ante ex-post controls Contracts IOR management Control purposes E.g. incentives and decision making adaptation (Too) much focus on incentives/safeguarding? E.g. contract functions Safeguarding incentives (TCE, AT) Coordination, adaptation communication (OT) Knowledge reposi