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Effect of Formal Contracts, Relational Norms and Trust on Performance of Joint Research and Development Projects

机译:正式合同,关系规范和信任对联合研发项目绩效的影响

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摘要

This paper examines the effect of governance mechanisms - formal contracts, relational norms and trust - on the performance of exploration and exploitation joint research and development (R&D) projects. While the authors acknowledge the need for a twofold approach, transactional and relational, to understand the interfirm exchange governance, the joint action of formal contracts and relational governance has been caught between the complementary or substitutive forces involved in interorganizational relationships. Using survey data on joint exploration and exploitation R&D projects developed by the European biotechnology companies, the synergies of both mechanisms and their effects in improving project performance are investigated. The analysis suggests that contracts and relational norms and trust act as complementary mechanisms, but while contracts are more effective in exploitation projects, relational norms and trust are more powerful in improving the performance of exploration projects.
机译:本文研究了治理机制(正式合同,关系规范和信任)对勘探与开发联合研究与开发(R&D)项目绩效的影响。尽管作者承认有必要采取交易和关系两方面的方法来理解企业间的交换治理,但正式合同和关系治理的共同作用已被组织间关系所涉及的互补或替代力量所困扰。使用欧洲生物技术公司开发的联合勘探与开发项目的调查数据,研究了这两种机制的协同作用及其对改善项目绩效的影响。分析表明,合同和关系规范与信任是互补的机制,但是尽管合同在开采项目中更有效,但关系规范与信任在改善勘探项目的绩效方面却更有力量。

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