RT journal article
T1 Multipartner alliances among small firms promoted by external managers: Risk and governance mechanisms
A1 Vélez Elorza, María Luisa
A1 Sánchez Vázquez, José Manuel
A1 Araujo Pinzón, Pedro
A2 Organización de Empresas
K1 Multi-partner alliances
K1 small firms
K1 governance mechanisms
K1 external manager
K1 risk
AB External managers may be key to setting up and managing multi-partner alliances (MPAs) among small firms, but their role has not yet been integrated in previous literature on risk and governance structures. This longitudinal matched-pair case study investigates the dynamics between relational and performance risks and control-based and trust-based governance mechanisms, in MPAs promoted and managed by external managers. The integration of external managers allows the identification of different levels of trust and control among partners. This is also the case between such partners and the external manager who controls/trusts, who is controlled/trusted, and how this changes over time. Our results show that trust and control are influenced by both the external actor and partner’s risk perceptions; they also complement each other to manage high performance and relational risks in a dynamic process. We extend prior knowledge by showing that the analysis of control/trust complementarity must take into consideration both partner-partner and partner- manager relationships.
PB Sage
YR 2022
FD 2022
LK http://hdl.handle.net/10498/32857
UL http://hdl.handle.net/10498/32857
LA eng
DS Repositorio Institucional de la Universidad de Cádiz
RD 10-nov-2026