This paper contributes to the strategic alliance literature by undertaking a literature review of the burgeoning strategic alliance literature published in the last three decades in the mainstream management journals to fulfil two primary objectives. First, to bring a coherent structure into the...

"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...

Additive manufacturing (AM) is regarded as a technology that has transformative and disruptive potential in nearly all industries. However, AM is not only about new production equipment and processes. Given the decreasing degree of vertical integration in many companies, suppliers add...

Contracts should be matched to the unique situation of a Major Industrial Plant Project (MIPP). However, in reality, oftentimes contract forms are chosen that do not fit participant's (owners', contractors') competences and risk capabilities. In this paper, MIPP order contract forms are...

We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...

The article evaluates the impact of clusters on innovation outputs in the regions of the Czech Republic. The research was divided into four main phases. An overview of all institutionalised clusters in the Czech Republic, including innate clusters, was compiled in the first phase. Location...

Finnish and Russian energy clusters widely use resources and competences of each other. They can be considered as a good example of broader phenomenon which is internationalisation of clusters. Though these clusters are on very different development stages their internationalisation ambitions,...

Vaikka yritysten välistä verkostomaista yhteistyötä pidetään yleisesti yhtenä niiden liiketaloudellista menestystä tukevana tekijänä, aihetta on tutkittu varsin vähän. Tässä tutkimuksessa hyödynnämme Eurostatin ja kansallisten tilastokeskusten muutaman vuoden takaisessa...

Production processes are increasingly organized in international value-chain networks. The involved firms can be operating at arm’s length or be vertically integrated. Both the incidence and the direction of integration (backward or forward in the value chain) depend on specific...