Los recursos y capacidades ante la alternativa fusiones/adquisiciones "versus" cooperación

  1. Montoro Sánchez, María Ángeles
  2. Ortiz de Urbina Criado, Marta
Revista:
Revista española de financiación y contabilidad

ISSN: 0210-2412

Año de publicación: 2008

Número: 138

Páginas: 231-254

Tipo: Artículo

DOI: 10.1080/02102412.2008.10779644 DIALNET GOOGLE SCHOLAR

Otras publicaciones en: Revista española de financiación y contabilidad

Referencias bibliográficas

  • AGARWAL, R.; ECHAMBADI, R.; FRANCO, A. M., y SARKAR, M. B. 2004. Knowledge Transfer Through Inheritance: Spin-out Generation, Development and Survival, Academy of Management Journal, 47, 501-522.
  • AGARWAL, S., y RAMASWAMI, S. N. 1992. Choice of Foreign Market Entry Mode: Impact of Ownership, Location and Internalization Factors, Journal of International Business Studies, 23 (1), 1-27.
  • AMBURGEY, T. L., y MINER, A. S. 1992. Strategic Momentum: The Effects of Repetitive, Positional, and Contextual Momentum on Merger Activity, Strategic Management Journal 13 (5), 335-348.
  • AMIT, R., y SCHOEMAKER, P. J. H. 1993. Strategic Assets and Organizational Rent, Strategic Management Journal, 14, 33-46.
  • ANAND, B. N., y KHANNA, T. 2000. Do Firms Learn to Create Value? The Case of Alliances, Strategic Management Journal, 21 (3), 295-315.
  • ANAND, J., y KOGUT, B. 1997. Technological Capabilities of Countries, Firm Rivalry and Foreign Direct Investment, Journal of International Business Studies, 28 (3), 445-466. (Pubitemid 127143300)
  • ANDERSON, E., y GATIGNON, H., 1986. Modes of Foreign Entry: A Transaction Cost Analysis and Propositions, Journal of International Business Studies, 17 (3), 1-26.
  • BALAKRISHNAN, S., y KOZA, M. P., 1993. Information Asymmetry, Adverse Selection and Joint Ventures, Theory and Evidence. Journal of Economic Behavior and Organization, 20 (1), 99-117.
  • BARKEMA, H. G.; SHEKAR, O.; VERMEULEN, F., y BELL, J. H. 1997. Working Abroad, Working with Others: How Firms Learn to Operate International Joint Ventures, Academy of Management Journal, 40 (2), 426-442.
  • BARNEY, J. B., 1991. Firm Resources and Sustained Competitive Advantage, Journal of Management, 17 (1), 99-120.
  • BLEEKE, J., y ERNST, D. 1995. Is Your Strategic Alliance Really a Sale? Harvard Business Review, 73 (1), 97-105.
  • BROUTHERS, K. D. 2002. Institutional, Cultural and Transaction Cost Influences on Entry Mode Choice and Performance, Journal of International Business Studies, 33 (2), 203-221.
  • BROUTHERS, K. D., y BROUTHERS, L. E. 2000. Acquisition or Greenfield Start-Up? Institutional, Cultural and Transaction Cost Influences, Strategic Management Journal, 21 (1), 89-97.
  • BURGERS, W. P.; HILL, C. W., y KIM, W. C. 1993. A Theory of Global Strategic Alliances: The Case of The Global Auto Industry, Strategic Management Journal, 14 (6), 419-432.
  • CAMPA, J. M. 2004. Fusiones y Adquisiciones en Europa: Una Asignatura Pendiente, Universia Business Review, 2, 12-19.
  • CAÑIBANO CALVO, L.; GARCÍA AYUSO, M., y SÁNCHEZ MUÑOZ, M. P. 2000. Accounting for Intangibles: A Literature Review, Journal of Accounting Literature, 19, 102-130.
  • CAÑIBANO CALVO, L., y SÁNCHEZ MUÑOZ, M. P. 2004. Medición, Gestión e Información de intangibles: Lo más nuevo, Revista de Contabilidad y Dirección, 1, 99-139.
  • CHANG, S. J., y ROSENZWEING, P. H. 2001. The Choice of Entry in Sequential Foreign Direct Investment, Strategic Management Journal, 22 (8), 747-776.
  • CHANG, S. J., y SINGH, H. 1999. The Impact of Modes of Entry and Resource Fit on Modes of Entry by Multibusiness Firms, Strategic Management Journal, 20 (11), 1.019-1.035.
  • CHATTERJEE, S. 1990. Excess Resources, Utilization Costs, and Mode of Entry, Academy of Management Journal, 33 (4), 780-800.
  • CHATTERJEE, S., y SINGH, J. 1999. Are Tradeoffs Inherent in Diversification Moves? A Simultaneous Model for Type of Diversification and Mode of Expansion Decisions, Management Science, 45 (1), 25-41.
  • CHATTERJEE, S., y WERNERFELT, B. 1991. The Link between Resources and Type of Diversification: Theory and Evidence, Strategic Management Journal, 12, 33-48.
  • CHEN, S. F. S., y HENNART, J. F. 2002. Japanese Investors' Choice of Joint Ventures versus Wholly-Owned Subsidiaries in the U. S.: The Role of Market Barriers and Firm Capabilities, Journal of International Business Studies, 33 (1), 1-18.
  • CHEN, S. F. S., y HENNART, J. F. 2004. A Hostage Theory of Joint Ventures: Why do Japanese Investors Choose Partial over Full Acquisitions to Enter the United States? Journal of Business Research, 57 (10), 1.126-1.134.
  • CHEN, H., y HU, M. Y. 2002. An Analysis of Determinants of Entry Mode and Its Impact on Performance, International Business Review, 11 (2), 193-210.
  • CHI, T. 1994. Trading in Strategic Resources: Necessary Conditions, Transaction Cost Problems, and Choice of Exchange Structure, Strategic Management Journal, 15 (4), 271-290.
  • CHI, T. 2000. Options to Acquire or Divest a Joint Venture, Strategic Management Journal, 21 (6), 665-687.
  • COHEN, W. M., y LEVINTHAL, D. A. 1989. Innovation and Learning. The Two Faces of R&D, Economic Journal, 99, 569-596.
  • COHEN, W. M., y LEVINTHAL, D. A. 1990. Absorptive Capacity: A New Perspective on Learning and Innovation, Administrative Science Quarterly, 35 (1), 128-152.
  • DAS, T. K., y TENG, B. S. 2000. A Resource-Based Theory of Strategic Alliances, Journal of Management, 26 (1), 31-61.
  • DAS, T. K., y TENG, B. S. 2002. The Dynamics of Alliance Conditions in the Alliance Development Process, Journal of Management Studies, 39 (5), 725-746.
  • DOH, J. P. 2000. Entrepreneurial Privatization Strategies: Order of Entry and Local Partner Collaboration as Sources of Competitive Advantage, Academy of Management Review, 25 (3), 551-571.
  • DUSSAUGE, P., y GARRETTE, B. 1995. Determinants of Success in International Strategic Alliances. Evidence from the Global Aerospace Industry, Journal of International Business Studies, 26 (3), 505-530.
  • DUYSTERS, G., y HAGEDOORN, J. 2000. Core Competences and Company Performance in the World-Wide Computer Industry, Journal of High Technology Management Research, 11 (1), 75-91.
  • DYER, J. H.; KALE, P., y SINGH, H. 2004. When to Ally & When to Acquire, Harvard Business Review, 82 (7-8), 108-115.
  • DYER, J. H., y SINGH, H. 1998. The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage, Academy of Management Review, 23 (4), 660-679.
  • EISENHARDT, K. M., y SCHOONHOVEN, C. B. 1996. Resource-Based View of Strategic Alliance Formation: Strategic and Social Effects in Entrepreneurial Firms, Organization Science, 7 (2), 136-150.
  • EISENHARD, K. M., y MARTIN, J. A. 2000. Dynamic Capabilities: What are They? Strategic Management Journal, 21, 1.105-1.121.
  • FOLTA, T. B. 1998. Governance and Uncertainty: The Trade-off between Administrative Control and Commitment, Strategic Management Journal, 19 (11), 1.007-1.028.
  • FOWLER, W. S., y SCHMIDT, D. 1989. Determinants of Tender Offer Post-Acquisition Financial Performance, Strategic Management Journal, 10 (4), 339-350.
  • GALUNIC, D. C., y RODAN, S. 1998. Resource Recombinations in the Firm: Knowledge Structures and the Potential for Schumpterian Innovation, Strategic Management Journal 19, 1.193-1.201.
  • GANNON, M. 1993. Towards a Composite Theory of Foreign Market Entry Mode Choice: The Role of Marketing Strategic Variables, Journal of Strategic Marketing, 1 (1), 41-54.
  • GARCÍA CANAL, E. 2004. El Papel de la Alianzas Estratégicas en la Internacionalización de la Empresa Española, Universia Business Review 3, 70-83.
  • GARRETTE, B., y DUSSAUGE, P. 2000. Alliances versus Acquisitions: Choosing the Right Option, European Management Journal, 18 (1), 63-69.
  • GEROSKI, P. A. 2000. The Growth of the Firms in Theory and in Practice, en Foss, N. J., y V. MAHNKE (Eds.) Competence, Governance and Entrepreneurship, Nueva York: Oxford University Press.
  • GHEMAWAT, P., y SPENCE, M. 1985. Learning Curve Spillovers and Market Performance, Quarterly Journal of Economics, 100 (4), 839-852.
  • GULATI, R. 1995. Does Familiarity Breed Trust? The Implications of Repeated Ties for Contractual Choice in Alliances, Academy of Management Journal, 38 (1), 85-112.
  • GULATI, R. 1999. Network Location and learning: The Influence of Network Resources and Firm Capabilities on Alliance Formation, Strategic Management Journal, 20(5):397-420.
  • GULATI, R.; NOHRIA, N., y ZAHEER, A. 2000. Strategic Networks. Strategic Management Journal, 21 (3), 203-215.
  • HAGEDOORN, J., y DUYSTERS, G. 2002. External Sources of Innovative Capabilities: The Preference for Strategic Alliances or Mergers and Acquisitions, Journal of Management Studies, 39 (2), 167-188.
  • HALEBLIAN, J., y FINKELSTEIN, S. 1999. The Influence of Organizational Acquisition History on Acquisition Performance: A Behavioral Learning Perspective, Administrative Science Quarterly, 44, 29-56.
  • HAMEL, G. 1991. Competition for Competence and Inter-Partner Learning within International Strategic Alliances, Strategic Management Journal, 12, 83-013.
  • HARRISON, J. S.; HITT, M. A.; HOSKISSON, R. E., y IRELAND, R. D. 1991. Synergies and Post acquisition Performance: Differences versus Similarities in Resource Allocations, Journal of Management, 17 (1), 173-190.
  • HARRISON, J. S.; HITT, M. A.; HOSKISSON, R. E., y IRELAND, R. D. 2001. Resource Complementarity in Business Combinations: Extending the Logic to Organizational Alliances, Journal of Management, 27 (6), 679-690.
  • HASPESLAGH, P., y JEMISON, D. 1991. Managing Acquisitions, New York: Free Press.
  • HAYWARD, M. L. A. 2002. When Do Firms Learn from Their Acquisition Experience? Evidence from 1990-1995, Strategic Management Journal, 23 (1), 21-39.
  • HELLELOID, D., y SIMONIN, B. 1994. Organizational Learning and a Firm's Core Competence, en HAMEL, G., Y HEENE, A. (Eds.) Competence-Based Competition, 213-239. Nueva York: Wiley.
  • HENNART, J. F. 1991. The Transactions Costs Theory of Joint Ventures: An Empirical Study of Japanese Subsidiaries in the United States, Management Science, 37 (4), 483-497.
  • HENNART, J. F., y REDDY, S. 1997. The Choice between Mergers/Acquisitions and Joint Ventures: The Case of Japanese Investors in the United States, Strategic Management Journal, 18 (1), 1-12.
  • HENNART, J. F., y REDDY, S. 2000. Digestibility and Asymmetric Information in the Choice between Acquisitions and Joint Ventures: Where's the Beef? Strategic Management Journal, 21 (2), 191-193.
  • HILL, C. W. L.; HWANG, P., y KIM, W. C. 1990. An Eclectic Theory of the Choice of International Entry Mode, Strategic Management Journal, 11 (2), 117-128.
  • HILL, C. W. L., y KIM, W. C. 1988. Searching for a Dynamic Theory of the Multinational Enterprise: A Transaction Cost Model, Strategic Management Journal 9(special issue):93-194.
  • HITT, M. A.; IRELAND, R. D.; CAMP, S. M. y SEXTON, D. L. 2001. Strategic Entrepreneurship: Entrepreneurial Strategies for Wealth Creation, Strategic Management Journal, 22 (6-7), 479-491.
  • HITT, M. A.; KEATS, B. W., y DEMARIE, S. 1998. Navigating in the New Competitive Lanscape: Building Strategic Flexibility and Competitive Advantage in the 21th Century, Academy of Management Executive, 12 (4), 22-42.
  • HOFFMANN, W. H., y SCHAPER-RINKEL, W. 2001. Acquire or Ally?-A Strategy Framework for Deciding between Acquisition and Cooperation, Management International Review, 41 (2), 131-159.
  • HOSKISSON, R. E.; HITT, M. A.; WAN, W. P., y YIU, D. 1999. Theory and Research in Strategic Management: Swings of a Pendulum, Journal of Management 25, 417-456.
  • IMAI, K., y ITAMJ, H. 1984. Interpenetration of Organization and Market, International Journal of Industrial Organization, 2 (4), 285-310.
  • INGHAM, P., y BAUM, J. A. C. 1997. Opportunity and Constraint: Organization's Learning from the Operating and Competitive Experience of Industries, Strategic Management Journal, 18 (1), 75-98.
  • INKPEN, A. C. 2001. Strategic Alliances, en HITT, M. A.; FREEMAN, R. E., Y HARRISON, J. S. (Eds.) : Blackwell Handbook of Strategic Management, Oxford: Blackwell.
  • IRELAND, R. D., y HITT, M. A. 1999. Achieving and Maintaining Strategic Competitiveness in the 21st Century: The Role of Strategic Leadership, Academy of Management Executive, 13 (1), 43-57.
  • IRELAND, R. D.; HITT, M. A.; CAMP, S. M., y SEXTON, D. L. 2001. Integrating Entrepreneurship and Strategic Management Actions to create Firm Weath, Academy of Management Executive, 15 (1), 49-63.
  • KALE, P.; DYER, J. H., y SINGH, H. 2002. Alliance Capability, Stock Market Response, and Long-term Alliance Success: The Role of the Alliance Function, Strategic Management Journal, 23 (8), 747-767.
  • KALE, P., SINGH, H., y PERLMUTTER, H. 2000. Learning and Protection of Proprietary Assets in Strategic Alliances: Building Relational Capital, Strategic Management Journal, 21, 217-237.
  • KHANNA, T.; GULATI, R., y NOHRIA, N. 1998. The Dynamics of Learning Alliances: Competition, Cooperation, and the Relative Scope, Strategic Management Journal, 19 (3), 193-210.
  • KING, D. R.; COVIN, J. G., y HEBARTY, W. H. 2003. Complementary Resources and the Exploitation of Technological Innovations, Journal of Management, 29, 589-606.
  • KIM, W. C., y HWANG, P. 1992. Global Strategy and Multinationals' Entry Mode Choice, Journal of International Business Studies, 23 (1), 29-53.
  • KOGUT, B. 1988. Joint Ventures: Theoretical and Empirical Perspectives, Strategic Management Journal, 9 (4), 319-332.
  • KOGUT, B. 1991. Joint Ventures and the Option to Expand and Acquire, Management Science 37 (1), 19-33.
  • KOGUT, B., y SINGH, H. 1988. The Effect of national Culture on the Choice of Entry Mode, Journal of International Business Studies, 19 (3). 411-432.
  • KOGUT, B.; WALKER, G., y KIM, D. J. 1995. Cooperation and Entry Induction as an Extension of Technological Rivalry, Research Policy, 24, 77-95.
  • LANGLOIS, R. N. 2003. The Vanishing Hand: The Changing Dynamics of Industrial Capitalism, Industrial and Corporate Change, 12, 351-385.
  • LEIBLEIN, M. J., y MILLER, D. J. 2003. An Empirical Examination of Transaction-and Firm-Level Influences on the Vertical Boundaries of the Firm, Strategic Management Journal, 24, 839-859.
  • LÓPEZ DUARTE, C., y GARCÍA CANAL, E. 2001. The Choice between Joint Ventures and Acquisitions in Foreign Direct Investments: The Role of Partial Acquisitions and Accrued Experience, Thunderbird International Business Review, 46 (1), 39-58.
  • LORENZONI, G., y LIPPARINI, A. 1999. The Leveraging of Interflrm Relationships as a Distinctive Organizational Capability: A Longitudinal Study, Strategic Management Journal, 20 (4), 317-338.
  • LUO, Y. 2001. Determinants of Entry in an Emerging Economy: A Multilevel Approach, Journal of Management Studies, 38 (3), 443-472.
  • - 2002. Product Diversification in International Joint Ventures: Performance Implications in an Emerging Market, Strategic Management Journal, 23 (1), 1-20.
  • LYLES, M. A. 1988. Learning among Joint Venture Sophisticated Firms, Management International Review, 28 (special issue), 75-98.
  • MCGAHAN, A. M. 1999. The Performance of US. Corporations: 1981-1994, Journal of Industrial Economics, 47 (4), 373-398.
  • MADHOK, A. 1997. Cost, Value and Foreign Market Entry Mode: The Transaction and the Firm, Strategic Management Journal, 18 (1), 39-61.
  • MADHOK, A., y TALLMAN, S. B. 1998. Resources, Transactions Costs and Rents: Managing Value through Interflrm Collaborative Relationships, Organization Science, 9 (3), 326-339.
  • MAHONEY, J. T., y PANDIAN, J. R. 1992. The Resource-Based View within the Conversation of Strategic Management, Strategic Management Journal, 13 (5), 363-380.
  • MAYRHOFER, U. 2004. The Influence of National Origin and Uncertainty on the Choice between cooperation and Merger-Acquisition: an Analysis of French and German Firms, International Business Review, 13 (1), 83-99.
  • MONTORO SÁNCHEZ, M. A. 2005. La Cooperación Internacional en Investigación y Desarrollo. Un Análisis de los Factores Organizativos, Revista de Economía Aplicada, 13 (39), 21-45.
  • MORA VALENTÍN, E. M.; MONTORO SÁNCHEZ, M. A., y GUERRAS MARTÍN, L. A. 2004. Determining Factors in the Success of R&D Cooperative Agreements between Firms and Research Organizations, Research Policy, 33 (1), 17-40.
  • NAVAS LÓPEZ, J. E., y ORTIZ-DE-URBINA CRIADO, M. 2002. El Capital Intelectual en la Empresa. Análisis de Criterios y Clasificación Multidimensional, Economía Industrial, 346, 163-171.
  • NELSON, R., y WINTER, S. E. 1982. An Evolutionary Theory of Economic Change, Cambridge: Belknap Press of Harvard University.
  • NONAKA, I. 1994. A Dynamic Theory of Organizations Knowledge Creation. Organization Science, 5 (1), 14-37.
  • PANGARKAR, N. 2003. Determinants of Alliance Duration in Uncertainty Environments: The Case of Biotechnology Sector, Long Range Planning, 36 (3), 269-284.
  • PARK, S. H., y KING, D. 1997. Market valuation of joint ventures: joint venture characteristics and wealth gains, Journal of Business Venturing 12, 83-108.
  • PARK, S. H., y RUSSO, M. V. 1996. When Competition Eclipses Cooperation: An Event History Analysis of Joint Venture Failure, Management Science, 42 (6), 875-890.
  • PARK, S. H., y UNGSON, G. R. 1997. The Effect of National Culture, organizational Complementarity and Economic Motivation on Joint Venture Dissolution, Academy of Management Journal, 40 (2), 279-307.
  • PENROSE, E. 1959. The Theory of the Growth of the Firm, Nueva York: Wiley. Traducido como: Teoría del crecimiento de la Empresa, Madrid: Aguilar, 1962
  • PETERAF, M. A. 1993. The Cornerstones of Competitive Advantage. A Resource-Based View, Strategic Management Journal, 14 (3), 179-191.
  • POPPO, L., y ZENGER, T. 1998. Testing Alternative Theories of the Firm: Transaction Cost, Knowledge-Based, and Measurement Explanations for Make or Buy Decisions in Information Services, Strategic Management Journal, 19 (9), 853-877.
  • PORRINI, P. 2004. Can a Previous Alliance Between an Acquirer and a Target Affect Acquisition Performance? Journal of Management, 30 (4), 545-562.
  • RAMANATHAN, K.; SETH, A., y THOMAS, H. 1997. Explaining Joint Ventures: Alternative Theoretical Perspectives, en BEAMISH, P. W., Y KILLING, J. P. (Eds.) Cooperative Strategies, Vol. 1, North American Perspectives, 51-85. San Francisco: New Lexington Press.
  • REED, R., y DEFILLIPI, R. J. 1990. Causal Ambiguity, Barriers to Imitation and Sustainable Competitive Advantage, Academy of Management Review, 15, 88-102.
  • REUER, J. J., y KOZA, M. P. 2000a. Asymmetric Information and Joint Venture Performance: Theory and Evidence for Domestic and International Joint Ventures, Strategic Management Journal, 21 (1), 81-88.
  • - 2000b. On Lemons and Indigestibility: resource Assembly through Joint Ventures, Strategic Management Journal, 21 (2), 195-197.
  • REUER, J. J.; SHENKAR, O., y RAGOZZINO, R. 2004. Mitigating Risk in International Mergers and Acquisitions: The Role of Contingent Payout, Journal of International Business Studies, 35 (1), 19-32.
  • REUER, J. J.; ZOLLO, M., y SING. M. 2002. Post-Formation Dynamics in Strategic Alliances, Strategic Management Journal, 23 (2), 135-151.
  • ROBERTSON, T. S., y GATIGNON, H. 1998. Technology Development Mode: A Transaction Cost Conceptualization, Strategic Management Journal, 19 (6), 515-531.
  • ROTHAERMEL, F. T., y DEEDS, D. L. 2004. Exploration and Exploitation Alliances in Biotechnology: A System of New Product Development, Strategic Management Journal, 25, 201-221.
  • SÁNCHEZ LORDA, P., y GARCÍA CANAL, E. 2006. Experiencia Previa y Reacción del Mercado de Capitales en la Formación de Combinaciones Empresariales, Cuadernos de Economía y Dirección de la Empresa, 28, 27-53.
  • SÁNCHEZ MUÑOZ, M. P.; GARCÍA AYUSO, M., y CAÑIBANO CALVO, L. 1999. La Relevancia de los Intangibles para la Valoración y Gestión de Empresas: Una Revisión de la Literatura, Revista Española de Financiación y Contabilidad, 100, 17-88.
  • SALAS FUMÁS, V. 1996. Economía y Gestión de Activos Intangibles, Economía Industrial, 307, 17-24.
  • SCHILLING, M. A., y STEENSMA, H. K. 2002. Disentangling the Theories of Firm Boundaries: A Path Model and Empirical Test, Organization Science 13, 387-401.
  • SCHRADER, R. C. 2001. Collaboration and Performance in Foreign Markets: The Case of Young High-Technology Manufacturing Firms, Academy of Management Journal, 44 (1), 45-60.
  • SHAN, W.; WALKER, G., y KOGUT, B. 1994. Interflrm Cooperation and Start-up Innovation in the Biotechnology Industry, Strategic Management Journal, 15 (5), 387-394.
  • SIMONIN, B. L. 1997. The Importance of Collaborative Know-How: An Empirical Test of the Learning Organization, Academy of Management Journal, 40 (5), 1.150-1.174.
  • TAN, B.; ERRAMJLLI, K., y LIANG, T. W. 2001. The Influence of Dissemination Risks, Strategic Control and Global Management Skills on Firms' Modal Decision in Host Countries, International Business Review, 10 (3), 323-340.
  • TEECE, D. J.; PISANO, G. P., y SHUEN, A. 1997. Dynamic Capabilities and Strategic Management, Strategic Management Journal, 18 (7), 509-533.
  • TRAUTWEIN, F. 1990. Merger Motives and Merger Prescriptions, Strategic Journal of Management, 11 (4), 283-295.
  • VANHAVERBEKE, W.; DUYSTERS, G., y NOORDERHAVEN, N. 2002. External Technology Sourcing Through Alliances or Acquisitions: An Analysis of the Application-Specific Integrated Circuits Industry, Organization Science, 13 (6), 714-733.
  • VICENTE LORENTE, J. D. 2001. Specificity and Opacity as Resource-Based Determinants of Capital Structure: Evidence for Spanish Manufacturing Firms, Strategic Management Journal, 22 (2), 157-177.
  • VIDAL SUÁREZ, M. 2000. La Alianzas Estratégicas Globales para la Internacionalización: Su Contribución a la Creación de Valor, Economía Industrial, 333, 49-56.
  • VIDAL SUÁREZ; M., y García Canal, E. 2003. Complementarity and Leverage as Drivers of the Stock Market Reaction to Global Alliance Formation, Long Range Planning, 36 (6), 565-578.
  • VILLALONGA, B. 2004. Intangible Resources, Tobin's q, and Sustainability of Performance Differences, Journal of Economic Behavior and Organization, 54 (2), 205-230.
  • WALKER, G.; KOGUT, B., y SHAN, W. 1997. Social Capital, Structural Holes and the Formation of an Industry Network, Organizational Science, 8 (2), 109-125.
  • WANG, L., y ZAJAC, E. J. 2007. Alliance or Acquisition? A Dyadic Perspective on Interflrm Resource Combinations, Strategic Management Journal, 28 (13), 1.291-1.317.
  • WERNERFELT, B. 1984. A Resource-Based View of the Firm, Strategic Management Journal, 5 (2), 171-180.
  • WILLIAMSON, O. E. 1991. Comparative Economic Organization: The Analysis of Discrete Structural Alternatives, Administrative Science Quarterly, 36 (2), 269-296.
  • WOODCOCK, C. P.; Beamish, P. W. y Makino, S. 1994. Ownership-Based Entry Mode Strategies and International Performance, Journal of International Business Studies, 25 (2), 253-273.
  • YEOTH, P. L., y ROTH, K. 1999. An Empirical Analysis of Sustained Advantage in the U. S. Pharmaceutical Industry: Impact of Firm Resources and Capabilities, Strategic Management Journal, 20 (7), 637-653.
  • ZOLLO, M.; WINTER, S. G. 2002. Deliberate Learning and Evolution of Dynamic Capabilities, Organization Science, 13 (3), 339-351.