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Governance and strategy of entrepreneurial networks: an introduction

Author

Listed:
  • Josef Windsperger

    (University of Vienna)

  • George W. J. Hendrikse

    (Erasmus University Rotterdam)

  • Gerard Cliquet

    (Université de Rennes 1)

  • Thomas Ehrmann

    (University of Muenster)

Abstract

This special issue focuses on empirical and theoretical papers that help us to better understand the strategy and governance of entrepreneurial networks, such as franchise chains, alliances, and cooperative networks. The following central themes are covered: (I) Which formal governance mechanisms do entrepreneurial networks use in order to reduce transaction cost/agency cost and to increase strategic value? (II) What is the role of relational governance mechanisms (such as information exchange and social ties) for the performance outcomes in franchise chains and cooperatives? (III) Which alliance strategies do entrepreneurial firms pursue to realize a competitive advantage, and what is the impact of resources and capabilities on performance outcomes of entrepreneurial firms. To address these issues, insights from organizational economics (transaction cost theory, agency theory, signaling theory), strategic management perspectives (resource-based, knowledge-based and organizational capabilities theory), entrepreneurship theory and the relational governance view are used.

Suggested Citation

  • Josef Windsperger & George W. J. Hendrikse & Gerard Cliquet & Thomas Ehrmann, 2018. "Governance and strategy of entrepreneurial networks: an introduction," Small Business Economics, Springer, vol. 50(4), pages 671-676, April.
    • Handle: RePEc:kap:sbusec:v:50:y:2018:i:4:d:10.1007_s11187-017-9888-0
    DOI: 10.1007/s11187-017-9888-0
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    References listed on IDEAS

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    1. Jeffrey H. Dyer, 1997. "Effective interim collaboration: how firms minimize transaction costs and maximise transaction value," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 535-556, August.
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    3. Francine Lafontaine, 1992. "Agency Theory and Franchising: Some Empirical Results," RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 263-283, Summer.
    4. Michael Spence, 2002. "Signaling in Retrospect and the Informational Structure of Markets," American Economic Review, American Economic Association, vol. 92(3), pages 434-459, June.
    5. Baker, George P. & Gibbons, Robert & Murphy, Kevin J., 2008. "Strategic alliances: Bridges between "islands of conscious power"," Journal of the Japanese and International Economies, Elsevier, vol. 22(2), pages 146-163, June.
    6. Bo Carlsson & Pontus Braunerhjelm & Maureen McKelvey & Christer Olofsson & Lars Persson & Håkan Ylinenpää, 2013. "The evolving domain of entrepreneurship research," Small Business Economics, Springer, vol. 41(4), pages 913-930, December.
    7. Gallini, Nancy T & Lutz, Nancy A, 1992. "Dual Distribution and Royalty Fees in Franchising," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 8(3), pages 471-501, October.
    8. Thorsten Koch & Josef Windsperger, 2017. "Seeing through the network: Competitive advantage in the digital economy," Journal of Organization Design, Springer;Organizational Design Community, vol. 6(1), pages 1-30, December.
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    10. J. Windsperger & Gérard Cliquet & Thomas Ehrmann & G. Hendrikse, 2015. "Interfirm Networks. Franchising, Cooperatives and Strategic Alliances," Post-Print halshs-01117249, HAL.
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    Cited by:

    1. Sina, Karam, 2023. "Designing a Strategic Model for Venture Capitalists in Selecting Startups in Iran with Eemphasis on the Sanctions Period," OSF Preprints 2wr4m, Center for Open Science.
    2. Douglas Wegner & Greici Sarturi & Leander Luiz Klein, 2022. "The governance of strategic networks: how do different configurations influence the performance of member firms?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(3), pages 1063-1087, September.
    3. Daojuan Wang & Thomas Schøtt, 0. "Coupling between financing and innovation in a startup: embedded in networks with investors and researchers," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-21.
    4. Daojuan Wang & Thomas Schøtt, 2022. "Coupling between financing and innovation in a startup: embedded in networks with investors and researchers," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 327-347, March.
    5. Leslaw Pietrewicz, 2018. "Token-based blockchain financing and governance: A transaction cost economics approach (Tokeny w finansowaniu i zarzadzaniu blockchainem: Perspektywa ekonomii kosztów transakcyjnych)," Research Reports, University of Warsaw, Faculty of Management, vol. 2(28), pages 126-139.

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    More about this item

    Keywords

    Entrepreneurial networks; Franchise networks; Cooperatives; Alliances; Formal governance; Relational governance; Strategies; Organizational capabilities;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • L - Industrial Organization
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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