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Formal and Real Authority in Interorganizational Networks: The Case of Joint Ventures
Author(s) -
Hippmann Patrick,
Windsperger Josef
Publication year - 2012
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.2592
Subject(s) - joint venture , joint (building) , business , function (biology) , empirical evidence , regulatory authority , industrial organization , commerce , political science , public administration , epistemology , architectural engineering , philosophy , evolutionary biology , engineering , biology
We apply a recent and more fine grained concept of authority to interorganizational networks and provide the first empirical evidence on how formal and real authority are allocated in joint ventures. Specifically, we show that intangibility of knowledge and uncertainty impact the allocation of authority in joint ventures via formal and real authority. Moreover, we provide evidence that formal authority and real authority function as complements in joint venture relationships. Copyright © 2012 John Wiley & Sons, Ltd.