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

21 Pages Posted: 24 Apr 2018

See all articles by Zhi Cao

Zhi Cao

University of Nevada, Las Vegas - Lee School of Business; University of Wisconsin - Madison - Department of Management and Human Resources

Yuan Li

Tong Ji University

Jayanth Jayaram

University of South Carolina

Xing Liu

University of South Carolina - Darla Moore School of Business

Fabrice Lumineau

University of Hong Kong

Multiple version iconThere are 2 versions of this paper

Date Written: February 2018

Abstract

The existing literature is ambiguous on how exchange hazards influence interfirm governance. 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, Xing and Lumineau, Fabrice, A Meta-Analysis of the Exchange Hazards–Interfirm Governance Relationship: An Informal Institutions Perspective (February 2018). Journal of International Business Studies, Vol. 49, Issue 3, 2018, Available at SSRN: https://ssrn.com/abstract=3161426 or http://dx.doi.org/10.1057/s41267-017-0144-2

Zhi Cao

University of Nevada, Las Vegas - Lee School of Business ( email )

Las Vegas, NV
United States

HOME PAGE: http://https://www.unlv.edu/people/zhi-cao

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

Madison, WI
United States

Yuan Li (Contact Author)

Tong Ji University ( email )

1239 Siping Road
Shanghai, 200092
China

Jayanth Jayaram

University of South Carolina ( email )

701 Main Street
Columbia, SC 29208
United States

Xing Liu

University of South Carolina - Darla Moore School of Business ( email )

1705 College St
Francis M. Hipp Building
Columbia, SC 29208
United States

Fabrice Lumineau

University of Hong Kong ( email )

HKU Business School
Hong Kong
Hong Kong

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