TY - JOUR
T1 - INERTIA AND EVALUATION MECHANISMS IN INTERORGANIZATIONAL PARTNER SELECTION
T2 - SYNDICATE FORMATION AMONG U.S. INVESTMENT BANKS
AU - LI, Stan Xiao
AU - ROWLEY, Timothy J.
PY - 2002/12
Y1 - 2002/12
N2 - Past studies have consistently shown that firms favor past partners when forming new alliances. This behavior has been associated with a need to have knowledge of potential partners' capabilities and reliability. We consider inertia as an alternative rationale. Inertia and evaluation factors were tested in the context of underwriting syndicate formations in the U.S. investment banking industry. The results suggest both inertia and several evaluation criteria, including reciprocity, experience, and prior performance, influence partner selection.
AB - Past studies have consistently shown that firms favor past partners when forming new alliances. This behavior has been associated with a need to have knowledge of potential partners' capabilities and reliability. We consider inertia as an alternative rationale. Inertia and evaluation factors were tested in the context of underwriting syndicate formations in the U.S. investment banking industry. The results suggest both inertia and several evaluation criteria, including reciprocity, experience, and prior performance, influence partner selection.
UR - http://www.scopus.com/inward/record.url?scp=0036963172&partnerID=8YFLogxK
UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-0036963172&origin=recordpage
U2 - 10.2307/3069427
DO - 10.2307/3069427
M3 - RGC 21 - Publication in refereed journal
SN - 0001-4273
VL - 45
SP - 1104
EP - 1119
JO - Academy of Management Journal
JF - Academy of Management Journal
IS - 6
ER -