Exposing Strategic Assets to Create New Competencies: The Case of Technological Acquisition in the Waste Management Industry in Europe and North America

Posted: 29 Dec 2001

See all articles by Magali A. Delmas

Magali A. Delmas

University of California, Los Angeles (UCLA)

Abstract

This paper presents a model that complements the research stream of transaction cost economies with the dynamic capabilities approach. The paper shows that, even though technological alliances involving specific assets deployed in emerging industries are exposed to high transaction costs, they possess attributes that make them attractive. First, they facilitate the creation of tacit competencies, and second, they reduce the uncertainty arising from technological innovation and regulatory changes. The model is empirically tested in the hazardous waste management industry by using primary data collected through the use of questionnaires. The method links governance structure choices to managers' perceptions of the uncertainty surrounding the acquisition of technology.

JEL Classification: M19

Suggested Citation

Delmas, Magali A., Exposing Strategic Assets to Create New Competencies: The Case of Technological Acquisition in the Waste Management Industry in Europe and North America. Industrial and Corporate Change, Vol. 8, Issue 4, December 1999. Available at SSRN: https://ssrn.com/abstract=233920

Magali A. Delmas (Contact Author)

University of California, Los Angeles (UCLA) ( email )

405 Hilgard Avenue
Box 951361
Los Angeles, CA 90095
United States

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