As the State relinquishes its role as coordinator of interorganizational asset transfers, how do interdendent suppliers and users of complementary assets find each other and manage transactions for these assets? This study compares the emerging market structure of two different types of...

This paper investigates the institutional and organizational sources of change and persistence in the technological systems which bring new products to market in the Chinese pharmaceutical industry. Even after fifteen years of economic reforms, research institutes, manufacturers and wholesalers...

Does a firm engage in a joint venture with a technologically advanced foreign partner to complement or substitute investments in its own technological capabilities? We address this question in a comparative study of 222 Chinese pharmaceutical manufacturers and Sino-foreign joint ventures. A...

What factors influence a state-owned enterprise in a transition economy to choose between alternative technology acquisition strategies? This study uses two frameworks developed in the context of industrialized economies -transition costs economics and organizational capacities-to propose...

If market economy are to work, they need institutions of economic governance. In traditional economics, there seems universal agreement that the framework of contract law provided by the government is a necessary condition for a market economy to work. Recently, the complementary relationship...

While researchers in alliance management have identified the duality of cooperation and control within alliances, comparative governance scholars have not yet developed a coherent framework for relating the costs of cooperation to governance choices. This paper proposes a theory of cooperation...

This book examines the role of venture capital institutions in financing technology-based ventures both in developed and developing countries. It also explores that part of venture capital activity which is hitherto vastly under-researched; namely the ability of venture capital institutions to...