Competition, formal governance and trust in alliances: An experimental study

Solinas, Giulia; Meloso, Debrah; Banal-Estanol, Albert; Seldeslachts, Jo und Kretschmer, Tobias (2022): Competition, formal governance and trust in alliances: An experimental study. In: Long Range Planning, Bd. 55, Nr. 5, 102240

Abstract

We study the role of alliance governance in the behavior of partners in alliances with different degrees of competition. Using data from a lab experiment on 1,009 alliances and 31,662 partners' choices, we explore whether and how alliances succeed in different competitive scenarios, contingent on the use of formal governance mechanisms (termination clauses) and the number of partners in the alliance. We find that trust, an informal governance mechanism, emerges as a complement to formal governance in order to establish success in our experimental alliances, especially when competition is high. In particular, we document the significance of trustbuilding in initial stages and trust repair in later stages of our experimental alliances.

• Dokumententyp: Zeitschriftenartikel
• Fakultät: Betriebswirtschaft
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• ISSN: 0024-6301
• Sprache: Englisch