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Choi, Young Rok
Entrepreneurship & Innovation Strategy Lab
Research Interests
  • Entrepreneurship, Innovation Strategy, Family & Small Business, Strategic Alliances

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Formal governance, interfirm coordination, and performance in partnerships: An empirical investigation of a mediation model

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Title
Formal governance, interfirm coordination, and performance in partnerships: An empirical investigation of a mediation model
Author
Choi, Young RokPhan, Phillip H.Choi, Jaepil
Issue Date
2019-12
Publisher
Wiley-Blackwell
Citation
EUROPEAN MANAGEMENT JOURNAL
Abstract
This study investigates the extent to which formal governance mechanisms such as contracts and equity ownership affect interfirm coordination and partnership performance. We analysed data from a survey of 301 Korean firms to show that interfirm coordination partially mediates the relationship between contract completeness, defined as the extent to which a contract specifies task operations and contingencies, and partnership performance. Furthermore, we find that more complete contracts can attenuate the negative effects of equity ownership on coordination, and that this effect is particularly strong when partner tasks are interdependent and relational norms are weak.
URI
https://scholarworks.unist.ac.kr/handle/201301/30481
URL
https://www.sciencedirect.com/science/article/pii/S0263237319301495?via%3Dihub
DOI
10.1016/j.emj.2019.12.005
ISSN
0263-2373
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SBA_Journal Papers
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