How agglomeration affects alliance governance and innovation performance: The role of cluster size

We investigate how the size of the geographic cluster in which a firm is located influences its governance choice between equity and non‐equity alliances and subsequent innovation performance. We argue that firms located in larger clusters tend to form non‐equity alliances rather than equity allianc...

Full description

Saved in:
Bibliographic Details
Published in:Managerial and decision economics 2023-01, Vol.44 (1), p.297-310
Main Authors: Ryu, Wonsang, Brush, Thomas H., Bae, Joonhyung
Format: Article
Language:English
Subjects:
Alliances
Companies
Governance
Innovations
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c3511-758797a0ab94ebcbaaae9b290a170d9593a7886faffb8f950d9e9828661dfde43
cites cdi_FETCH-LOGICAL-c3511-758797a0ab94ebcbaaae9b290a170d9593a7886faffb8f950d9e9828661dfde43
container_end_page 310
container_issue 1
container_start_page 297
container_title Managerial and decision economics
container_volume 44
creator Ryu, Wonsang
Brush, Thomas H.
Bae, Joonhyung
description We investigate how the size of the geographic cluster in which a firm is located influences its governance choice between equity and non‐equity alliances and subsequent innovation performance. We argue that firms located in larger clusters tend to form non‐equity alliances rather than equity alliances because the communication and control benefits of cluster membership, which increase with cluster size, reduce in‐cluster firms' need to form equity alliances. We also claim that the effect of this preferential use of non‐equity alliances on innovation becomes stronger when firms are located in larger clusters. Our arguments are supported by a panel analysis of alliances formed by US‐listed semiconductor firms.
doi_str_mv 10.1002/mde.3681
format article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2754397563</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2754397563</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3511-758797a0ab94ebcbaaae9b290a170d9593a7886faffb8f950d9e9828661dfde43</originalsourceid><addsrcrecordid>eNp10E1PwzAMBuAIgcQYSPyESFy4dCT9SsINjcGQhriMc-S2zuiUNiPpNo1fT7dy5WTLfmRZLyG3nE04Y_FDU-EkySU_IyPOlIp4mstzMmI8TaI8E-ySXIWwZoylMlUjUszdnsJqZV2DHrratRSMwbILFKytoS2RrtwOfXtqoa1o3bZuN9ANeuN8c1w90uUXUu8sUmdoabehQ09D_YPX5MKADXjzV8fk82W2nM6jxcfr2_RpEZVJxnkkMimUAAaFSrEoCwBAVcSKAResUplKQEiZm_69QhqV9TNUMpZ5zitTYZqMyd1wd-Pd9xZDp9du2_9tg45FliZKZHnSq_tBld6F4NHoja8b8AfNmT4mqPsE9THBnkYD3dcWD_86_f48O_lfzpJzNg</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2754397563</pqid></control><display><type>article</type><title>How agglomeration affects alliance governance and innovation performance: The role of cluster size</title><source>International Bibliography of the Social Sciences (IBSS)</source><source>Wiley:Jisc Collections:Wiley Read and Publish Open Access 2024-2025 (reading list)</source><source>Business Source Ultimate</source><creator>Ryu, Wonsang ; Brush, Thomas H. ; Bae, Joonhyung</creator><creatorcontrib>Ryu, Wonsang ; Brush, Thomas H. ; Bae, Joonhyung</creatorcontrib><description>We investigate how the size of the geographic cluster in which a firm is located influences its governance choice between equity and non‐equity alliances and subsequent innovation performance. We argue that firms located in larger clusters tend to form non‐equity alliances rather than equity alliances because the communication and control benefits of cluster membership, which increase with cluster size, reduce in‐cluster firms' need to form equity alliances. We also claim that the effect of this preferential use of non‐equity alliances on innovation becomes stronger when firms are located in larger clusters. Our arguments are supported by a panel analysis of alliances formed by US‐listed semiconductor firms.</description><identifier>ISSN: 0143-6570</identifier><identifier>EISSN: 1099-1468</identifier><identifier>DOI: 10.1002/mde.3681</identifier><language>eng</language><publisher>Chichester: Wiley Periodicals Inc</publisher><subject>Alliances ; Companies ; Governance ; Innovations</subject><ispartof>Managerial and decision economics, 2023-01, Vol.44 (1), p.297-310</ispartof><rights>2022 John Wiley &amp; Sons Ltd.</rights><rights>2023 John Wiley &amp; Sons, Ltd.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3511-758797a0ab94ebcbaaae9b290a170d9593a7886faffb8f950d9e9828661dfde43</citedby><cites>FETCH-LOGICAL-c3511-758797a0ab94ebcbaaae9b290a170d9593a7886faffb8f950d9e9828661dfde43</cites><orcidid>0000-0002-9057-3720</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27922,27923,33221</link.rule.ids></links><search><creatorcontrib>Ryu, Wonsang</creatorcontrib><creatorcontrib>Brush, Thomas H.</creatorcontrib><creatorcontrib>Bae, Joonhyung</creatorcontrib><title>How agglomeration affects alliance governance and innovation performance: The role of cluster size</title><title>Managerial and decision economics</title><description>We investigate how the size of the geographic cluster in which a firm is located influences its governance choice between equity and non‐equity alliances and subsequent innovation performance. We argue that firms located in larger clusters tend to form non‐equity alliances rather than equity alliances because the communication and control benefits of cluster membership, which increase with cluster size, reduce in‐cluster firms' need to form equity alliances. We also claim that the effect of this preferential use of non‐equity alliances on innovation becomes stronger when firms are located in larger clusters. Our arguments are supported by a panel analysis of alliances formed by US‐listed semiconductor firms.</description><subject>Alliances</subject><subject>Companies</subject><subject>Governance</subject><subject>Innovations</subject><issn>0143-6570</issn><issn>1099-1468</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><sourceid>8BJ</sourceid><recordid>eNp10E1PwzAMBuAIgcQYSPyESFy4dCT9SsINjcGQhriMc-S2zuiUNiPpNo1fT7dy5WTLfmRZLyG3nE04Y_FDU-EkySU_IyPOlIp4mstzMmI8TaI8E-ySXIWwZoylMlUjUszdnsJqZV2DHrratRSMwbILFKytoS2RrtwOfXtqoa1o3bZuN9ANeuN8c1w90uUXUu8sUmdoabehQ09D_YPX5MKADXjzV8fk82W2nM6jxcfr2_RpEZVJxnkkMimUAAaFSrEoCwBAVcSKAResUplKQEiZm_69QhqV9TNUMpZ5zitTYZqMyd1wd-Pd9xZDp9du2_9tg45FliZKZHnSq_tBld6F4NHoja8b8AfNmT4mqPsE9THBnkYD3dcWD_86_f48O_lfzpJzNg</recordid><startdate>202301</startdate><enddate>202301</enddate><creator>Ryu, Wonsang</creator><creator>Brush, Thomas H.</creator><creator>Bae, Joonhyung</creator><general>Wiley Periodicals Inc</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0002-9057-3720</orcidid></search><sort><creationdate>202301</creationdate><title>How agglomeration affects alliance governance and innovation performance: The role of cluster size</title><author>Ryu, Wonsang ; Brush, Thomas H. ; Bae, Joonhyung</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3511-758797a0ab94ebcbaaae9b290a170d9593a7886faffb8f950d9e9828661dfde43</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2023</creationdate><topic>Alliances</topic><topic>Companies</topic><topic>Governance</topic><topic>Innovations</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Ryu, Wonsang</creatorcontrib><creatorcontrib>Brush, Thomas H.</creatorcontrib><creatorcontrib>Bae, Joonhyung</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Managerial and decision economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Ryu, Wonsang</au><au>Brush, Thomas H.</au><au>Bae, Joonhyung</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>How agglomeration affects alliance governance and innovation performance: The role of cluster size</atitle><jtitle>Managerial and decision economics</jtitle><date>2023-01</date><risdate>2023</risdate><volume>44</volume><issue>1</issue><spage>297</spage><epage>310</epage><pages>297-310</pages><issn>0143-6570</issn><eissn>1099-1468</eissn><abstract>We investigate how the size of the geographic cluster in which a firm is located influences its governance choice between equity and non‐equity alliances and subsequent innovation performance. We argue that firms located in larger clusters tend to form non‐equity alliances rather than equity alliances because the communication and control benefits of cluster membership, which increase with cluster size, reduce in‐cluster firms' need to form equity alliances. We also claim that the effect of this preferential use of non‐equity alliances on innovation becomes stronger when firms are located in larger clusters. Our arguments are supported by a panel analysis of alliances formed by US‐listed semiconductor firms.</abstract><cop>Chichester</cop><pub>Wiley Periodicals Inc</pub><doi>10.1002/mde.3681</doi><tpages>14</tpages><orcidid>https://orcid.org/0000-0002-9057-3720</orcidid></addata></record>
fulltext fulltext
identifier ISSN: 0143-6570
ispartof Managerial and decision economics, 2023-01, Vol.44 (1), p.297-310
issn 0143-6570
1099-1468
language eng
recordid cdi_proquest_journals_2754397563
source International Bibliography of the Social Sciences (IBSS); Wiley:Jisc Collections:Wiley Read and Publish Open Access 2024-2025 (reading list); Business Source Ultimate
subjects Alliances
Companies
Governance
Innovations
title How agglomeration affects alliance governance and innovation performance: The role of cluster size
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-14T11%3A42%3A02IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=How%20agglomeration%20affects%20alliance%20governance%20and%20innovation%20performance:%20The%20role%20of%20cluster%20size&rft.jtitle=Managerial%20and%20decision%20economics&rft.au=Ryu,%20Wonsang&rft.date=2023-01&rft.volume=44&rft.issue=1&rft.spage=297&rft.epage=310&rft.pages=297-310&rft.issn=0143-6570&rft.eissn=1099-1468&rft_id=info:doi/10.1002/mde.3681&rft_dat=%3Cproquest_cross%3E2754397563%3C/proquest_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c3511-758797a0ab94ebcbaaae9b290a170d9593a7886faffb8f950d9e9828661dfde43%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2754397563&rft_id=info:pmid/&rfr_iscdi=true