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Competition and termination of the alliances between asymmetric partners: The case of Japanese department stores

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  • Junichi Yamanoi
  • Qing Cao

Abstract

To enrich the literature on alliance termination, we recognize that the dynamics of individual alliances are subject to the structural characteristics of the alliance portfolios in which they are embedded. We anchor our study in the context of large industry leaders partnering with multiple small partners, the latter of which can be viewed as competing for access to the formers’ resources. We expect that a small partner’s relative capability in relation to peer partners within a leader’s alliance portfolio is negatively related to the likelihood of alliance termination, since the leader acknowledges that partners with inferior capability do not deserve to be supported. Furthermore, this relationship would be moderated by alliance portfolio size, market overlap with peer partners, and with industry leaders. Using a unique dataset of 145 alliances between leading and small department stores in Japan in the period 1977-93, we found general support for the hypothesized relationships. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Junichi Yamanoi & Qing Cao, 2014. "Competition and termination of the alliances between asymmetric partners: The case of Japanese department stores," Asia Pacific Journal of Management, Springer, vol. 31(4), pages 949-971, December.
    • Handle: RePEc:kap:asiapa:v:31:y:2014:i:4:p:949-971
    DOI: 10.1007/s10490-014-9383-y
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    Cited by:

    1. Koo, JaSeung & Yamanoi, Junichi & Sakano, Tomoaki, 2020. "Acquisition announcements and stock market valuations of acquiring firms’ alliance partners: A transaction cost perspective," Journal of Business Research, Elsevier, vol. 118(C), pages 129-140.
    2. Yong Zhou & Miaomiao Li & Dan Wang, 2020. "The Interregional Transfer of Cluster Enterprises in China From the Perspective of Network Embedding," SAGE Open, , vol. 10(4), pages 21582440209, December.
    3. Shuman Zhang & Changhong Yuan & Chen Han, 2020. "Industry–university–research alliance portfolio size and firm performance: the contingent role of political connections," The Journal of Technology Transfer, Springer, vol. 45(5), pages 1505-1534, October.

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