Template-type: ReDIF-Paper 1.0
Author-Name: Duysters, Geert
Author-Email: duysters@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Author-Name: Vanhaverbeke, Wim
Author-Email: w.p.m.vanhaverbeke@tm.tue.nl
Author-Workplace-Name: Technical University Eindhoven
Author-Name: Vrande, Vareska van de
Author-Email: v.j.a.v.d.vrande@tm.tue.nl
Author-Workplace-Name: Technical University Eindhoven
Title: External technology sourcing: The effect of uncertainty on governance mode 
	 choice  
Abstract: This study examines the effect of external and relational uncertainty on 
	 the governance choice for inter-organizational technology sourcing. We 
	 develop a number of hypotheses about the impact of environmental 
	 turbulence, technological newness, technological distance and prior 
	 cooperation on the choice between different governance modes. Data about 
	 external technology sourcing transactions in the pharmaceutical industry 
	 do not provide evidence for a continuum from less to more integrated 
	 sourcing modes. However, we find that the ranking depends on the type of
	 uncertainty, indicating that firms tackle different types of uncertainty 
	 with different governance modes.
Classification-JEL: O32, O31, G34, G24
Keywords: Open Innovation, Corporate Venture Capital, Mergers and Acquisitions
Series: UNU-MERIT Working Papers
Creation-Date: 2007
Number: 2007-019
File-URL: https://unu-merit.nl/publications/wppdf/2007/wp2007-019.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2007019