Strategic Alliances between Foreign-Owned Firms and Local Firms: The Role of Partner and Industry Types

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-10-02 DOI:10.1080/1226508X.2022.2151029

Yunok Cho, Jungho Kim

引用次数: 0

Abstract

ABSTRACT This article investigates how a firm’s foreign equity share affects its likelihood of strategic alliances with local firms, discussing the benefits and costs of such strategic alliances. Analysing a panel dataset of Korean firms, we find the inverted U-shaped relationship between foreign equity share and the likelihood of alliance involvement. We also find that the relationship depends on the types of alliance partner and industry. This relationship is relatively steeper when the foreign-owned firm collaborates with a local firm in a different industry. The negative effect of foreign equity share on the likelihood of strategic alliances dominates in high-technology industries.

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外资企业与本土企业的战略联盟:合作伙伴和行业类型的作用

本文研究了企业的外资股权如何影响其与本土企业进行战略联盟的可能性，并讨论了这种战略联盟的收益和成本。通过分析韩国企业的面板数据集，我们发现外资股权份额与联盟参与可能性之间存在倒u型关系。我们还发现，这种关系与联盟伙伴的类型和行业有关。当外资企业与不同行业的本土企业合作时，这种关系相对更为陡峭。外资股权对战略联盟可能性的负面影响在高技术产业中占主导地位。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.