The Development of Asymmetric Trust in Cooperation Between Large Firms and SMEs: Insights from China

Wang, Hongli; Peverelli, Peter J.; Bossink, Bart

doi:10.1007/s10726-014-9422-6

Cited by 10 publications

(6 citation statements)

References 25 publications

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“…Critical factors include: understanding availability in funding (Carter and Van Auken 2006); acquiring necessary skills (Pyysiainen et al 2006); the knowledge that comes with time (Castrogiovanni et al 2016) and ability to deal with uncertain environments (Anderson and Atkins 2001). Wang et al (2015) also see trust asymmetries in small entrepreneurial firms in relation to larger enterprises, prompting many small firms to engage in an isolated form of strategic decision-making, limiting their collaborative relationships (Ribeiro-Soriano and Urbano 2009). Zhang et al (2006) draw attention to how small firms may limit the scope of their environmental interaction and learning, but like Shepherd et al (2015) see heterogeneity in how individual entrepreneurs approach this.…”

Section: Confidence and Perception In Small Businessesmentioning

confidence: 99%

Inspired or Foolhardy: Sensemaking, Confidence and Entrepreneurs’ Decision-Making

Cunningham

Anderson

2018

Group Decis Negot

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The purpose of this paper is to investigate the role of confidence in how both new and experienced entrepreneurs interpret and make sense of their business environment to inform decision-making. We illustrate our conceptual arguments with descriptive results from a large-scale (n 6289) survey on entrepreneurs' perception of business performance and their decisions taken at a time of uncertainty in an economic downturn. Quantitative findings are stratified along experiential lines to explore heterogeneity in entrepreneurial decision-making and directly inform our conceptual arguments, while qualitative data from open questions are used to explain the role of confidence. Newer entrepreneurs are found to be more optimistic in the face of environmental risk, which impacts on their decision-making and innovative capabilities. However, the more experienced entrepreneurs warily maintain margin and restructure to adapt to environmental changes. Instead of looking directly at the confidence of individuals, we show how confidence impacts sensemaking, and ultimately, decision-making. These insights inform research on the behaviour of novice and experienced entrepreneurs in relation to innovative business activities. Specifically, blanket assumptions on the role of confidence may be misplaced as its impact changes with experience to alter how entrepreneurs make sense of their environment.

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Section: Confidence and Perception In Small Businessesmentioning

confidence: 99%

Inspired or Foolhardy: Sensemaking, Confidence and Entrepreneurs’ Decision-Making

Cunningham

Anderson

2018

Group Decis Negot

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“…Trust is an essential factor and the driving force for the forming of any kind of technological collaboration, and without trust, it is impossible to build collaboration between the partners (Darabi and Clark, 2012;Hanna and Walsh, 2008;Wang et al, 2014). In these two technological collaborations, despite the challenge of "lack of trust in relationships" was solved by negotiations, concluding a contract and etc.…”

Section: Lack Of Familiarity With Technological Collaborationmentioning

confidence: 99%

“…In addition, even though the collaboration networks can be formed between different actors, (Smith et al, 2014) and the more diverse of members increase the possibility of facing challenges, (due to differences in goals, vision, culture, values, etc.) (Chen, 2017;Smith et al, 2014) in previous studies, the study of collaboration between different actors, with a focus on their substantial difference, is more focused on the study of university-industry collaboration (Al-Tabbaa and Ankrah, 2016;Chang, 2017;Fung and Wong, 2017;Rajalo and Vadi, 2017) or big firm SME collaboration (Etemad et al, 2001;Fernández-Olmos and Ramírez-Ales on, 2017;Wang et al, 2014), and the collaboration network that includes all of these actors has been less considered.…”

Section: Introductionmentioning

confidence: 99%

Challenges and barriers in finding, forming and performing for network creation

Moazzez

Khargh

Nilforoushan

et al. 2020

JSTPM

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Purpose The purpose of this paper is as follows: studying a case for technological innovation in Iran; studying the process of network creation; studying different challenges in finding, forming and performing of a collaboration network; studying comprehensive identification and analysis of the challenges in the network creation process; studying an active collaboration network in the field of medical equipment; and studying a network with different partners (consisting of a large company, a small- and medium-sized company, two subcontractors, three universities, a start-up, an accelerator and a venture capital fund). Design/methodology/approach The qualitative research method has been used because of a deep and rich analysis of the studied network. The study also provides an overview of finding and forming of partners and details of collaborations in the network, including partner’s goals from network entry, initial negotiations between members, business plan, shared resources and final results are expressed. The data used in this study has been collected by a totally seven semi-structured interviews. To analyze the collected data by open coding, the MAXQDA12 software was used and the basic concepts were identified and were categorized based on their similarities. Findings The studied network was identified as a strategic alliance. Details of finding, forming and performing of the studied network were explained. In total, 4 collaboration models and 28 different challenges in the network creation process were identified. In total, 28 different challenges were divided into 7 categories (based on their existence or absence in each of the 4 identified collaboration models). In total, seven categories of challenges were analyzed completely and the relations between challenges and partners of collaboration models were studied. Originality/value The collaboration network studied in this research involves several technological collaborations among different actors. Saadat, as the hub of this network, has been involved in all these collaborations, and other members have joined the network in accordance with network requirements and their capabilities. This network has been formed and developed with the aim of developing and producing various modules of vital signs monitoring since 2009. Some of the collaborations in this network, which are for production of a specific module and require long-term collaboration between the partners (such as the production of electrocardiograph or heart attack rapid diagnostic module), continue to be ongoing and some of them that focus on research and development or acquisition of technical knowledge (such as academic collaboration) after the specified result has been ended.

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“…Therefore, S.M.E.s generally use I.P.O.s to overcome limited growth through support from appropriate financing. In addition, previous studies explored the effects of inter-business cooperation with large conglomerates on S.M.E.s (Wang, Peverelli, & Bossink, 2015). The majority of these studies illustrated that most capital is concentrated in large conglomerates, whereas the majority of worker labour efforts are affiliated with S.M.E.s.…”

Section: Ipo and Inter-business Cooperation With Large Conglomeratesmentioning

confidence: 99%

Effects of initial public offerings on economic performance of small and medium-sized enterprises

Park

Cho

et al. 2019

Economic Research-Ekonomska Istraživanja

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This study investigates the effects of the initial public offerings (I.P.O.s) of small and medium-sized enterprises (S.M.E.s) and their efforts to cooperate with large conglomerates on S.M.E.s' economic performance and job creation. This study conducted a series of analyses of variance with a 2 Â 2 between-subject design (I.P.O.s and cooperation with large conglomerates) and multiple regression analyses for credit ratings using 4419 and 3919 samples, respectively, of S.M.E.s from the Korea Innovation Survey. The results showed that I.P.O.s and cooperation with large conglomerates are positively associated with S.M.E.s' job creation as well as multiple economic outcomes. Moreover, several scholars have argued that more accurate credit rating criteria should be proposed to evaluate the potential values of S.M.E.s because the current criteria mainly focus on their short-term financial and economic performance. Based on the results of the multiple regression analyses, this study found that I.P.O.s have a negative effect on S.M.E.s' credit ratings, whereas cooperation with large conglomerates and job creation have no effect and the growth rates of net income and current assets have a positive effect.

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The Development of Asymmetric Trust in Cooperation Between Large Firms and SMEs: Insights from China

Cited by 10 publications

References 25 publications

Inspired or Foolhardy: Sensemaking, Confidence and Entrepreneurs’ Decision-Making

Inspired or Foolhardy: Sensemaking, Confidence and Entrepreneurs’ Decision-Making

Challenges and barriers in finding, forming and performing for network creation

Effects of initial public offerings on economic performance of small and medium-sized enterprises

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