Open AccessThe Comparative Effects of Transaction Cost Economics and Resource Based View: A Technological Alliance Motivational Perspective
Author(s) -
KangIl Kim
Publication year - 2016
Publication title -
international journal of business and social research
Language(s) - English
Resource type - Journals
eISSN - 2164-2559
pISSN - 2164-2540
DOI - 10.18533/ijbsr.v6i5.925
Subject(s) - alliance , transaction cost , perspective (graphical) , resource (disambiguation) , business , industrial organization , resource based view , corporate governance , resource dependence theory , database transaction , marketing , microeconomics , economics , political science , competitive advantage , computer science , computer network , finance , artificial intelligence , law , programming language
This paper examines the impact of two main alliance motivation theories, transaction cost economics (TCE) and resource based view (RBV), on alliance processes among Korean manufacturing high-tech ventures. Results show that TCE and RBV are complimentarily explaining the formation of inter-firm alliances. TCE variables are more related with alliance partner characteristics while RBV is more linked with partner capabilities. Both show positive effects on performance. No significant effect is found on determining an alliance governance structure. While selecting appropriate technological alliance partners show positive effects on performance, no significant effect is found between alliance governance structure and performance. Factors of both theories impacting each alliance stage and analytical explanations of such impacts are discussed.