Title: Linking transaction cost and social exchange theory to explain strategic alliance performance: a meta-analytic structural equation model
Authors: Rodrigo Isidor; Holger Steinmetz; Christian Schwens; Ruediger Kabst
Addresses: Department of Management, University of Paderborn, Warburger Str. 100, 33098 Paderborn, Germany ' Department of Management, University of Paderborn, Warburger Str. 100, 33098 Paderborn, Germany ' Heinrich-Heine-University Duesseldorf, Universitätsstr. 1, 40225 Duesseldorf, Germany ' Department of Management, University of Paderborn, Warburger Str. 100. 33098, Germany
Abstract: Drawing on transaction cost economics (TCE) and social exchange theory (SET), we develop and test an integrative model of strategic alliance performance using meta-analytic structural equation modelling. Results reveal that TCE's key constructs (e.g., relationship specific investments, opportunism, and environmental uncertainty) influence SET's key constructs (e.g., trust and commitment) which in turn increase different strategic alliance performance outcomes (e.g., satisfaction, goal fulfilment, profitability, and stability). Further, our results show that the different outcome variables are distinct constructs, which measure different facets of strategic alliance performance.
Keywords: joint ventures; meta-analysis; social exchange theory; strategic alliances; transaction cost economics; strategic alliance performance; structural equation modelling; SEM.
International Journal of Strategic Business Alliances, 2014 Vol.3 No.2/3, pp.140 - 167
Received: 11 Jul 2013
Accepted: 25 Nov 2013
Published online: 04 Jun 2014 *