Knowledge sharing and safeguarding in R&D collaborations: The role of steering committees in biotechnology alliances

Shivaram Devarakonda, Jeffrey Reuer

Research output: Contribution to journalArticleScientificpeer-review

10 Citations (Scopus)

Abstract

This research contributes to alliance governance research by demonstrating how partners' administrative controls in nonequity collaborations regulate knowledge transfers across partners. These administrative controls can take the form of board‐like joint committees having explicitly delineated authority over certain alliance activities. We illuminate governing committees as an important, albeit neglected, instrument for administrative control in the governance of non‐equity alliances, and we demonstrate that these organizational mechanisms facilitate knowledge flows within the scope of an alliance. We also show that governing committees safeguard against misappropriation hazards, particularly when a partner possesses the incentive and ability to engage in such behavior. This study extends alliance governance research beyond the implications of the equity‐nonequity dichotomy to consider a wider and richer gamut of governance instruments available to address the challenges associated with knowledge transfers in alliances.
Original languageEnglish
Pages (from-to)1912-1934
JournalStrategic Management Journal
Volume39
Issue number7
DOIs
Publication statusPublished - Jul 2018

Keywords

  • biotechnology
  • economics
  • joint committees
  • knowledge transfer
  • R&D alliances
  • transaction cost

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