Author(s)

Ke Xu, Lin Fang, Yuxuan Liang

Corresponding Author

Ke Xu

ABSTRACT

In the increasingly complex external environment, companies actively join strategic alliance activities to create common competitive advantages in order to share risks, reduce costs, integrate resources, and innovate technology. In real business activities, the results obtained by strategic alliances are often unsatisfactory. Many scholars have studied the motives of strategic alliances and the factors affecting the stability of alliances from various directions, such as resource integration, organizational learning, transaction costs and social networks. The previous theories are rich, however, in the context of increasing internationalization, increasingly complex external environment and dynamic development of corporate strategy, each of the previous theories has its own certain one-sidedness. In this paper, we will focus on the endogenous factors of companies, integrate and analyze previous theories, combine traditional theories with other emerging theories, explore the motives of strategic alliances and factors affecting their stability, and build a systematic theoretical framework to provide references for others to study the field.

KEYWORDS

Strategic alliances, endogenous factors, corporate behaviors