Business, Management and Accounting
8 years ago

Relational capital impacts alliance governance structure and transaction costs evolution.

1 view
Ruan kexue
The Study on the Impact of Relational Capital on Alliance Governance:A Perspective from Transaction Cost
Zhang Zong-yi

Paper Summary

The study looked at how relational capital affects the way alliances are managed. Instead of reducing costs, it found that as relational capital grows, costs first decrease and then increase. The type of alliance changes from internalization to equity alliance, contract alliance, and finally to market. This was confirmed by real-world observations.

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