A Meta-Analysis of the Exchange Hazards – Interfirm Governance Relationship: An Informal Institutions Perspective

Journal of International Business Studies, Forthcoming

31 Pages Posted: 5 Dec 2017

See all articles by Zhi Cao

Zhi Cao

University of Wisconsin - Madison - Department of Management and Human Resources

Yuan Li

Tong Ji University - School of Economics and Management

Jayanth Jayaram

University of South Carolina

Yi Liu

Shanghai Jiao Tong University (SJTU)

Fabrice Lumineau

Purdue University

Multiple version iconThere are 2 versions of this paper

Date Written: December 4, 2017

Abstract

The literature on how exchange hazards influence interfirm governance remains ambiguous. Drawing on institutional theory, this study revisits this relationship by examining the moderating effects of national culture. By meta-analyzing 167 articles involving 38,183 interfirm relationships in 35 countries, we found support for the moderating effects of three facets of national culture: collectivism, power distance, and uncertainty avoidance. We discuss the implications of the findings for theory and practice.

Keywords: Uncertainty, Contractual Governance, Relational Governance, National Culture, Meta-Analysis, Exchange Hazards

Suggested Citation

Cao, Zhi and Li, Yuan and Jayaram, Jayanth and Liu, Yi and Lumineau, Fabrice, A Meta-Analysis of the Exchange Hazards – Interfirm Governance Relationship: An Informal Institutions Perspective (December 4, 2017). Journal of International Business Studies, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3082366

Zhi Cao

University of Wisconsin - Madison - Department of Management and Human Resources ( email )

Madison, WI
United States

Yuan Li

Tong Ji University - School of Economics and Management ( email )

1239 Si Ping Lu
Shanghai 200092
China

Jayanth Jayaram

University of South Carolina ( email )

701 Main Street
Columbia, SC 29208
United States

Yi Liu

Shanghai Jiao Tong University (SJTU) ( email )

KoGuan Law School
Shanghai 200030, Shanghai 200052
China

Fabrice Lumineau (Contact Author)

Purdue University ( email )

610 Purdue Mall
West Lafayette, IN 47906
United States

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