Abstract
Building on strategic momentum and alliance studies, we theoretically explain and test the non-monotonicity of the alliance momentum of same- or cross-functional-type alliances. We theorize about critical drivers that generate bounded momentum and further argue whether function-specific momentum occurs sequentially or simultaneously. We examine cross-border alliances of 32 international airlines from 1945 to 1994 and find that the inverted U-shaped pattern of alliance momentum holds for same-type but not for cross-type alliances at both the firm and industry levels. These findings imply that alliance momentum with a specific functional focus evolves sequentially rather than simultaneously.
Original language | English |
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Pages (from-to) | 167-191 |
Journal | Strategic Organization |
Volume | 16 |
Issue number | 2 |
DOIs | |
Publication status | Published - May 2018 |
Keywords
- airline industry
- cross-border alliance information
- functional types
- strategic momentum