Sofy Carayannopoulos
Associate Professor, Wilfrid Laurier University, Canada.Ownership and Integration – Predicting Interfirm
Linkages along Two Dimensions
Although a great deal of research has engaged in understanding
how firms choose between alliances and acquisitions, scholars argue
that further exploration is needed, particularly in the context of external
knowledge sourcing. This paper harnesses the convergence between
transaction cost economics, resource-based, and knowledge-based view
of the firm to predict which governance mode will be used to source
external knowledge. It also extends prior work by using a two-
dimensional model for distinguishing between governance modes. The
insights generated extend understanding of external knowledge
sourcing and governance choices, as well as how three dominant
theoretical perspectives complement each other.