Purpose – The management and strategy literature continues to show that many companies now rely on alliances for their long‐term success. This paper seeks to explain why some industries have an over‐representation of inter‐firm strategic alliances, relative to others....

Purpose – The purpose of this paper is to extend the line of research on the ex ante valuation of the economic payoff from strategic alliances. The paper links a firm's related pre‐alliance situation to an alliance announcement, to predict how investors value the alliance....

Cooperative strategies, both domestic and foreign, have become an important component of the strategic repertoire of firms. Various forms of interfirm alliances are redefining and transforming the very nature of competition. Considering their importance, a solid understanding of their...