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Relational Risks Perception in European Biotechnology Alliances:: The Effect of Contextual Factors

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  • Delerue, Hélène

Abstract

Strategic alliances are characterized by inherent instability arising from uncertainty regarding a partner's future behaviour and the absence of a higher authority to ensure compliance. Consequently, when firms adopt these strategies, they are confronted with a relational risk. This paper adopts a multidimensional view of relational risk. Generally, perception of risk depends on several factors; some of them are situational and contextual. This study links managers' risk relational perception in alliance relationships with three situational factors: the degree of relational capital, the structure of the relationship and the degree of asymmetries between partners. The hypotheses were tested with survey data on partnerships of European Biotechnology firms. The results suggest that relational risk perception is more influenced by informal contextual factors than by formal contextual factors.

Suggested Citation

  • Delerue, Hélène, 2004. "Relational Risks Perception in European Biotechnology Alliances:: The Effect of Contextual Factors," European Management Journal, Elsevier, vol. 22(5), pages 546-556, October.
    • Handle: RePEc:eee:eurman:v:22:y:2004:i:5:p:546-556
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    Cited by:

    1. Jiuh-Biing Sheu, 2014. "Green Supply Chain Collaboration for Fashionable Consumer Electronics Products under Third-Party Power Intervention—A Resource Dependence Perspective," Sustainability, MDPI, vol. 6(5), pages 1-44, May.
    2. Antonia Sohns & Gordon M. Hickey & Jasper R. de Vries & Owen Temby, 2021. "Methodological Challenges in Studying Trust in Natural Resources Management," Land, MDPI, vol. 10(12), pages 1-13, November.
    3. Hsieh, Linda H.Y. & Rodrigues, Suzana B. & Child, John, 2010. "Risk perception and post-formation governance in international joint ventures in Taiwan: The perspective of the foreign partner," Journal of International Management, Elsevier, vol. 16(3), pages 288-303, September.
    4. Ramírez-García, Carolina & Vélez-Elorza, María L. & Alvarez-ardet-Espejo, María Concepción, 2013. "¿Cómo controlan los franquiciadores españoles a sus franquiciados?," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(1), pages 1-10.
    5. Tsai, Ming-Chih & Lai, Kee-hung & Lloyd, Alison E. & Lin, Hung-Ju, 2012. "The dark side of logistics outsourcing – Unraveling the potential risks leading to failed relationships," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(1), pages 178-189.
    6. Stephanie Lange & Marcus Wagner, 2021. "The influence of exploratory versus exploitative acquisitions on innovation output in the biotechnology industry," Small Business Economics, Springer, vol. 56(2), pages 659-680, February.
    7. Katarzyna Sienkiewicz-Małyjurek, 2022. "Interpretive structural modelling of inter-agency collaboration risk in public safety networks," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(3), pages 1193-1221, June.
    8. Shou, Yongyi & Feng, Yi & Zheng, Jingjing & Wang, Guofeng & Yeboah, Nyamah Edmond, 2013. "Power source and its effect on customer–supplier relationships: An empirical study in Yangtze River Delta," International Journal of Production Economics, Elsevier, vol. 146(1), pages 118-128.
    9. De Silva, Muthu & Rossi, Federica & Yip, Nick K.T. & Rosli, Ainurul, 2021. "Does affective evaluation matter for the success of university-industry collaborations? A sentiment analysis of university-industry collaborative project reports," Technological Forecasting and Social Change, Elsevier, vol. 163(C).

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