This paper studies possible complementarities and substitution effects between such strategic choices as alliances, acquisitions and internal R&D investments. The findings indicate that a firm’s absorptive capacity affects the presence of complementarities and substitution effects among those...

The optimal choice of a decision-making structure in alliances and other combined ventures is an important yet underexplored question. There is no single theory that predicts what types of decision-making structures will be optimal in different alliances. Existing research, while offering...