Novel external partnerships are valuable but risky, and scholars have examined the organization- and individual-level determinants of firms' decisions to pursue these new relationships. Yet, in organizations doing complex and knowledge-intensive work, decisions about interorganizational...

We study internal incentives, transparency and firm performance in multidivisional organizations. Two independent divisions of the same firm design internal incentives, and decide whether to publicly disclose their performances. In each division a risk-neutral principal deals with a risk-averse...