Formation of cross-border corporate strategic alliances: The roles of trust and cultural, institutional, and geographical distances
- Authors
- Jha, Anand; Kim, YoungJun; Gutierrez-Wirsching, Sandra
- Issue Date
- 3월-2019
- Publisher
- ELSEVIER SCIENCE BV
- Keywords
- Strategic alliance; Cultural distance; Institutional distance; Geographical distances trust; Transaction cost
- Citation
- JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE, v.21, pp.22 - 38
- Indexed
- SCOPUS
- Journal Title
- JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE
- Volume
- 21
- Start Page
- 22
- End Page
- 38
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/67222
- DOI
- 10.1016/j.jbef.2018.10.003
- ISSN
- 2214-6350
- Abstract
- We investigate the effects of four macro variables (trust and cultural, institutional, and geographical distances) on the propensity to form a strategic alliance. From a set of 26 countries, we construct 315 country pairs over the period from 1996 to 2004. We collect our data from the SDC platinum database that identifies how many cross-border strategic alliances occurred between the firms in the country pairs in each year. For each country pair we construct measurements for the macro variables. Then in a multivariate framework, we examine their effects on the number of cross-border alliances. We find that the cross-border alliances are more likely to occur between firms from countries that have higher trust and shorter cultural and geographical distances-the institutional distance does not have an effect. Additional tests show that greater trust lessens the adverse effect of geographical distance, but a shorter cultural distance does not. (C) 2018 Elsevier B.V. All rights reserved.
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Collections - Graduate School > Graduate School of management of technology > 1. Journal Articles
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