scholarly journals Alliance Governance Mechanisms in the Face of Disruption

2020 ◽  
Author(s):  
Arne Keller ◽  
Fabrice Lumineau ◽  
Thomas Mellewigt ◽  
Africa M. Ariño
Keyword(s):  
Governance Mechanisms ◽  
The Face ◽  
Alliance Governance

scholarly journals Alliance Governance Mechanisms in the Face of Disruption

2021 ◽  
Author(s):  
Arne Keller ◽  
Fabrice Lumineau ◽  
Thomas Mellewigt ◽  
Africa Ariño
Keyword(s):  
Two Dimensions ◽  
Veterinary Drug ◽  
Governance Mechanisms ◽  
Relational Governance ◽  
Fine Grained ◽  
The Face ◽  
Dynamic Perspective ◽  
Alliance Partners ◽  
The Impact ◽  
Alliance Governance

Existing academic literature has discussed contracts and relational governance as the key mechanisms that help alliance partners address problems of cooperation and coordination. However, when an alliance undergoes disruption, the nature and extent of such problems may change and therefore the value of these mechanisms may change. This study advances a dynamic perspective on alliance governance by examining the impact of disruption and subsequent adjustment on the value of alliance governance mechanisms. To this end, we longitudinally studied a revelatory case of a research and development alliance in the veterinary drug industry that experienced disruption triggered by an internal restructuring at one of the partner companies. We approached the evidence with a fine-grained typology that builds on two dimensions that underlie governance mechanisms: the means to enforce their ruling principles (contractual versus relational) and the level of codification of these principles (formal versus informal). Based on our findings, we (1) show the significance of this revised typology, which suggests that contractual governance is not necessarily formal and relational governance is not necessarily informal; (2) provide a more systematic discussion of the tradeoffs that the various mechanisms entail and how these are altered through disruption and adjustment dynamics; and (3) analyze how the interplay between different types of governance mechanisms evolves following disruption and adjustment. Overall, our study brings the concept of disruption to the dynamic perspective of alliance governance and highlights the contingent value of alliance governance mechanisms.

scholarly journals Indicators, security and sovereignty during COVID-19 in the Global South

2021 ◽  
Vol 17 (2) ◽  
pp. 249-260
Author(s):  
John Harrington
Keyword(s):  
Global Governance ◽  
Third World ◽  
Global South ◽  
Governance Mechanisms ◽  
Health Governance ◽  
The Face ◽  
Global North ◽  
The Government

AbstractThe spread of COVID-19 has seen a contest over health governance and sovereignty in Global South states, with a focus on two radically distinct modes: (1) indicators and metrics and (2) securitisation. Indicators have been a vehicle for the government of states through the external imposition and internal self-application of standards and benchmarks. Securitisation refers to the calling-into-being of emergencies in the face of existential threats to the nation. This paper contextualises both historically with reference to the trajectory of Global South states in the decades after decolonisation, which saw the rise and decline of Third-World solidarity and its replacement by neoliberalism and global governance mechanisms in health, as in other sectors. The interaction between these modes and their relative prominence during COVID-19 is studied through a brief case-study of developments in Kenya during the early months of the pandemic. The paper closes with suggestions for further research and a reflection on parallel trends within Global North states.

scholarly journals Quality of Corporate Governance Risk Management in Dealing with Unanticipated Events: Evidence from Pakistan

2019 ◽  
Vol 8 (1) ◽  
pp. 1-24
Author(s):  
Rubeena Tashfeen ◽  
Saud Hayat ◽  
Afreen Mallik
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Stock Exchange ◽  
Governance Structure ◽  
Governance Structures ◽  
Governance Mechanisms ◽  
Market Dynamic ◽  
Average Abnormal Return ◽  
The Face ◽  
Governance Risk

This study examines the effectiveness of the corporate governance structure when coping with any potentially unexpected events. For the purpose of this research, an event study has been conducted in order to investigate the market responses of various firms through the Cumulative Average Abnormal Return (CAAR) of the stocks listed on the Pakistan Stock Exchange (PSX). The stocks data under consideration is that which was presented after the assassination of Benazir Bhutto in 2007. The overall results indicate that firms that are governed conventionally do not perform well in the markets during a crisis situation. In our comparison of conventionally, and non-conventionally governed firms, the overall pooled results show that the former record a lower CAAR. This, in short, indicates that conventional corporate governance structures may not be equipped to take timely and dynamic actions that are deemed necessary in the face of a crisis. Moreover, our results suggest that firms which have less diversified ownership, and governance mechanisms are less vulnerable to such unanticipated events. There are two reasons that support our hypotheses: first, strict governance mechanisms, and a resultant cautious/conservative approach may not allow firms to take timely and proactive decisions during these situations and second, there is a lower chance of existing agency problems, as family owners would be working for the protection of their own wealth during these events. Therefore, our findings ultimately reveal that the conventional corporate governance structures that work during normal time period, may become ineffective during a crisis. This study, aims to fill a gap in the literature in order to provide fresh insights into the stock market dynamic, and corporate governance risk management. Furthermore, it also highlights the benefits of family owned structures, and unconventional corporate governance systems, that may outperform conventional governance structure in some situations. This, however, raises the question whether one governance framework could be the correct fit in all the situations.

scholarly journals Governance of heritage. Challenges of a community strengthen by its heritage.

ESTOA ◽  
2021 ◽  
Vol 10 (19) ◽  
pp. 45-53
Author(s):  
Natalia Alexandra Juca Freire
Keyword(s):  
Tropical Forests ◽  
Economic Benefits ◽  
Sustainable Communities ◽  
Governance Mechanisms ◽  
Natural Heritage ◽  
Primary Resource ◽  
Dry Tropical Forests ◽  
Distribution Of Resources ◽  
The Face ◽  
Inclusive Governance

It is crucial to review cases where heritage works as a means of empowering sustainable communities through participative governance and learn from these mechanisms. This paper aims to explore the lessons of participative governance in Agua Blanca, a small village located on the Ecuadorian coast, where heritage -archeological remains and dry tropical forests- constitutes the primary resource. The approach is qualitative, and the methods were archive analysis, observation, and open interviews. The villagers lead participative management that is based on equality of the access and distribution of resources. Through this vision, collective economic benefits from their heritage are achieved. Besides, the dwellers reinforce their identity through their cultural and natural heritage, which contributes to its preservation. Nevertheless, Agua Blanca faces challenges as the indifference of younger generations, territorial segregation, and the lack of relationships with government organisms. To confront these obstacles, it is recognized that the community is not a stable and permanent system but rather a set of difficulties that are overcome through inclusive governance mechanisms that evolve in the face of new necessities.

Governance mechanism alignment at the top and operating levels of alliance hierarchy: reconciling two competing schools of thought

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Xuan Bai ◽  
Shibin Sheng ◽  
Julie Juan Li
Keyword(s):  
Governance Mechanism ◽  
Governance Mechanisms ◽  
Relational Governance ◽  
Positive Interaction ◽  
Content Type ◽  
Alliance Performance ◽  
Operating Level ◽  
Hierarchical Levels ◽  
The Cross ◽  
Alliance Governance

Purpose This paper aims to examine alliance governance at different hierarchical levels. Design/methodology/approach The data is collected from both top-level and operating-level managers in 286 strategic alliances in China (a total of 572 managers). Hierarchical moderated regression models are adopted to test the hypotheses and two-stage regression analyzes are used to correct for endogeneity. Findings This paper finds that relational governance has a greater impact on alliance performance than contract utilization at the top level. Furthermore, the simultaneous use of relational governance at the top and operating levels have a detrimental impact on alliance performance. Finally, top-level contract utilization has a negative interaction with operating-level relational governance but a positive interaction with operating-level contract utilization. Research limitations/implication First, the cross-sectional nature of the data collection approach provides only a snapshot of how each type of governance mechanism and its interactions affect alliance performance. Second, the sample is limited to firms located in emerging markets. Practical implications Managers should realize that the effectiveness of contract and relational governance mechanisms varies across different management levels and they should be cautious about the cross-level governance mechanism alignment. Originality/value This study advances the interfirm governance literature in that this paper examined alliance governance at different hierarchical levels and provides new insights into the ongoing debate on whether the contract and relational governance mechanisms function as complements or substitutes by exploring the governance alignment across different alliance hierarchies.

Knowledge transfer, governance mechanisms in alliance and environmental uncertainty

2014 ◽  
Vol 8 (3) ◽  
pp. 438-472 ◽  
Author(s):  
Yong Long ◽  
Peng Li ◽  
Bo You
Keyword(s):  
Knowledge Transfer ◽  
Environmental Uncertainty ◽  
Dark Side ◽  
High Tech ◽  
Governance Mechanisms ◽  
Content Type ◽  
Transfer Characteristics ◽  
Alliance Governance ◽  
The Relationship

Purpose – The purpose of this paper is to identify the relationship between knowledge transfer characteristics in alliance and alliance governance mechanisms, the influence of alliance governance mechanisms on knowledge transfer consequences and investigate the role of environmental uncertainty in knowledge transfer of alliance. Design/methodology/approach – Survey data were collected mainly in high-tech industries of China, the firms in which often establish alliance for the purpose of learning and knowledge transfer often takes place in that alliance. Finally, 293 usable samples were included in subsequent analysis. Multiple regression analysis was used to examine the hypotheses. Findings – The extent of relational (/formal) governance mechanism used in alliance has a stronger positive relationship with the extent of tacit (/explicit) knowledge transfer in alliance than with the extent of explicit (/tacit) knowledge transfer in alliance between them; environmental uncertainty impairs relational governance mechanisms and enhances formal governance mechanisms used in alliance; both relational and formal governance mechanisms could facilitate knowledge transfer in alliance; environmental uncertainty hinders knowledge transfer and negatively moderates the relationship between alliance governance mechanisms and knowledge transfer. Originality/value – This paper finds the relationship between knowledge transfer in alliance and alliance governance mechanisms, and the role of environmental uncertainty, providing managers with direct implications about how to manage alliance with different knowledge transfer characteristics for the purpose of facilitating knowledge transfer in alliance; provides managers more details about the dark side of the environmental uncertainty in knowledge transfer, also reminds public policy-makers paying enough attention for the improvement of institutional environment to deal with uncertainty.

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