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R&D alliance has become the dominant organization mode for developing technology, and its smooth operation depends heavily on effective governance. The purpose of this paper is to explore how governance affects alliance performance in R&D alliance. Drawing on transaction cost economics, organization theory, social capital theory and knowledge theory, this paper constructed a conceptual model. Then, an empirical testing was conducted. The results show in R&D alliance governance has significant positive effect on alliance performance and inter-organization knowledge exchange. Other results show inter-organization knowledge exchange is positive associated with alliance performance, and the influence of relational governance is stronger than that of contractual governance. The findings highlight the intermediary role of inter-organization knowledge exchange in relationship between governance and alliance performance.

Governance and Alliance Performance in R&D Alliance: The Intermediary Role of Inter-organization Knowledge Exchange