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Partner selection decisions in interfirm collaborations : the paradox of relational embeddedness
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Meuleman, Miguel, Lockett, Andy, Manigart, Sophie and Wright, Mike (2010) Partner selection decisions in interfirm collaborations : the paradox of relational embeddedness. Journal of Management Studies, Vol.47 (No.6). pp. 995-1019. doi:10.1111/j.1467-6486.2009.00897.x
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Official URL: http://dx.doi.org/10.1111/j.1467-6486.2009.00897.x
Abstract
By combining insights from relational network theory and agency theory we identify the boundary conditions to the embeddedness approach to partner selection decisions in interfirm collaborations. Employing a longitudinal dataset comprising the investment syndicates for the population of UK management buyouts between 1993 and 2003, we find that relational embeddedness is less important for selecting partners when agency risks are low, allowing firms to expand their networks. Furthermore, reputational capital may act as a partial substitute for relational embeddedness, again permitting firms to expand their networks. Our findings enhance understanding of the boundary conditions associated with the relational network approach to partner selections and network behaviour.
| Item Type: | Journal Article | ||||
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| Subjects: | H Social Sciences > HF Commerce | ||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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| Journal or Publication Title: | Journal of Management Studies | ||||
| Publisher: | Wiley-Blackwell Publishing Ltd. | ||||
| ISSN: | 0022-2380 | ||||
| Official Date: | September 2010 | ||||
| Dates: |
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| Volume: | Vol.47 | ||||
| Number: | No.6 | ||||
| Number of Pages: | 25 | ||||
| Page Range: | pp. 995-1019 | ||||
| DOI: | 10.1111/j.1467-6486.2009.00897.x | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access |
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