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Enhancing value via cooperation: firms' process benefits from participation in a standard consortium

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  • Mu Xia
  • Kexin Zhao
  • Joseph T. Mahoney

Abstract

Firms benefit from participating in a consortium in two ways: from final products and from the cooperation process. Process benefits, including interorganizational learning and social capital benefits, are critical to motivate firms to participate in a consortium. However, there is limited understanding of what factors enable firms to obtain process benefits via consortium activities. Based on 232 member surveys collected from seven e-business standard consortia, we find that firms anticipate more process benefits if they are more technically capable, value the forthcoming standards higher, and participate in a better-managed consortium. Surprisingly, although relational risks exist due to potential competition among consortium members, their impacts on process benefits are insignificant in e-business standard consortia. Furthermore, our empirical analysis suggests that more technically capable firms handle relational risk less effectively when learning within the consortium. Copyright 2012 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Mu Xia & Kexin Zhao & Joseph T. Mahoney, 2012. "Enhancing value via cooperation: firms' process benefits from participation in a standard consortium," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 21(3), pages 699-729, June.
    • Handle: RePEc:oup:indcch:v:21:y:2012:i:3:p:699-729
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    File URL: http://hdl.handle.net/10.1093/icc/dtr056
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    Cited by:

    1. Nizar Abdelkafi & Sergiy Makhotin & Marina Thuns & Anna Pohle & Knut Blind, 2016. "To Standardise Or To Patent? Development Of A Decision Making Tool And Recommendations For Young Companies," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(08), pages 1-30, December.
    2. Shiu, Jing-Ming & Dallas, Mark P. & Huang, Hui-Hsuan, 2023. "A friend of a friend? Informal authority, social capital, and networks in telecommunications standard-setting organizations," Technological Forecasting and Social Change, Elsevier, vol. 189(C).

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