TY - JOUR
T1 - Enhancing value via cooperation
T2 - Firms' process benefits from participation in a standard consortium
AU - Xia, Mu
AU - Zhao, Kexin
AU - Mahoney, Joseph T.
PY - 2012/6
Y1 - 2012/6
N2 - 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.
AB - 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.
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U2 - 10.1093/icc/dtr056
DO - 10.1093/icc/dtr056
M3 - Article
AN - SCOPUS:84861808829
SN - 0960-6491
VL - 21
SP - 699
EP - 729
JO - Industrial and Corporate Change
JF - Industrial and Corporate Change
IS - 3
ER -