TY - JOUR
T1 - The institutional effects on strategic alliance partner selection in transition economies
T2 - China vs. Russia
AU - Hitt, Michael A.
AU - Ahlstrom, David
AU - Dacin, M. Tina
AU - Levitas, Edward
AU - Svobodina, Lilia
PY - 2004
Y1 - 2004
N2 - China and Russia represent major economies in transition from command economies, yet their paths to the market have differed greatly. Their divergent approaches have helped create distinct institutional environments. This study focuses on a particularly important strategic decision firms face-alliance partner selection. The study's results suggest that China's more stable and supportive institutional environment has helped Chinese firms take a longer-term view of alliance partner selection, focusing more on the potential partner's intangible assets along with technological and managerial capabilities. In contrast, the less stable Russian institutional environment has influenced Russian managers to focus more on the short term, selecting partners that provide access to financial capital and complementary capabilities so as to enhance their firms' ability to weather that nation's turbulent environment. This study contributes to knowledge about the influence of the institutional environment on alliance partner selection decisions for firms domiciled in transition (and emerging) economies.
AB - China and Russia represent major economies in transition from command economies, yet their paths to the market have differed greatly. Their divergent approaches have helped create distinct institutional environments. This study focuses on a particularly important strategic decision firms face-alliance partner selection. The study's results suggest that China's more stable and supportive institutional environment has helped Chinese firms take a longer-term view of alliance partner selection, focusing more on the potential partner's intangible assets along with technological and managerial capabilities. In contrast, the less stable Russian institutional environment has influenced Russian managers to focus more on the short term, selecting partners that provide access to financial capital and complementary capabilities so as to enhance their firms' ability to weather that nation's turbulent environment. This study contributes to knowledge about the influence of the institutional environment on alliance partner selection decisions for firms domiciled in transition (and emerging) economies.
KW - China
KW - Institutional theory
KW - Partner selection
KW - Russia
KW - Strategic alliances
KW - Transition economies
UR - http://www.scopus.com/inward/record.url?scp=2442593004&partnerID=8YFLogxK
U2 - 10.1287/orsc.1030.0045
DO - 10.1287/orsc.1030.0045
M3 - Review article
AN - SCOPUS:2442593004
SN - 1047-7039
VL - 15
SP - 173
EP - 185
JO - Organization Science
JF - Organization Science
IS - 2
ER -