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Strategic Alliances in New Ventures: Does Governance Structure Affect New Venture Performance?

Wisnieski, Joette M. ; Dowling, Michael


Abstract

Initial public offerings of 189 firms issued between the years 1986 and 1994 were studied to determine the use of strategic alliances by high technology new ventures. Content analysis was performed on the IPOs for several variables including new venture business strategy, new venture motivation for the alliance and the governance structure of the alliance. Accounting data was also coded. ...

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