In this study we investigate the institutional arrangements of innovation processes in high-tech alliances, focusing on the role of trust. A major strength of the research is the opportunity to address antecedents as well as performance effects of trust. The antecedents of interorganizational...

By engaging in specific investments a firm may develop a unique competence value for its partner, which makes the partners mutually dependent. This may neutralize any hold-up risk of an opportunistic partner that is tempted to exploit the dependence and appropriate a greater share of the value...