Mechanisms of Hybrid Governance:

Administrative Committees in Non-Equity Alliances

Time：April. 17th (Thursday) 10am -12noon

Location: Zhifuxuan, National School of Development, Peking U.

Speaker: Jeff Reuer, Blake Family Endowed Chair in Strategic Management and Governance, Purdue University

 

Abstract：

Recent research on the governance of hybrid organizational forms has investigated the contractual foundations of collaborations by examining how firms craft complex contracts as well as plan for changing circumstances during contract execution. We extend this research by considering the contractual delegation of authority to a dedicated structural interface for a collaboration. In particular, our theory suggests that partners are more likely to employ steering committees to help partners guide their interactions, address unanticipated contingencies that materialize, and mitigate incipient conflicts when partners have substantial needs for coordinated adaptation.  An analysis of alliances in the biopharmaceuticals industry explicates the formal governance mechanisms that support high-tech partnerships and identifies determinants of the administrative structures firms utilize in contractual agreements to enhance their adaptive limits. 
 

 

Jeffrey J. Reuer is the Blake Family Endowed Chair in Strategic Management and Governance at the Krannert School of Management at Purdue University, where he is also the Area Head. Professor Reuer’s research uses organizational economics to investigate firms’ external corporate development activities and growth options (e.g., strategic alliances, acquisitions, and initial public offerings). He is a Fellow of the Strategic Management Society (SMS) and was the first recipient of the SMS’ Emerging Scholar Award. He is widely published in the field's major academic journals. His publication credits also include six books, and the results of his research have also appeared as practice-oriented articles and research briefings in the Harvard Business Review, MIT Sloan Management Review, Financial Times, and the Journal of Applied Corporate Finance. Professor Reuer serves as an Associate Editor for the Strategic Management Journal and as a Consulting Editor for the Journal of International Business Studies.