The Comparative Effects of Transaction Cost Economics and Resource Based View: A Technological Alliance Motivational Perspective


  • Hwan Jin Kim Korea University of Technology and Education, Republic of Korea. Email:



High-tech ventures, resource based view, technological alliance motivation, transaction cost economics.


This paper examines the impact of two main alliance motivation theories, transaction cost economics (TCE) and resource based view (RBV), on alliance processes among Korean manufacturing high-tech ventures. Results show that TCE and RBV are complimentarily explaining the formation of inter-firm alliances. TCE variables are more related with alliance partner characteristics while RBV is more linked with partner capabilities. Both show positive effects on performance. No significant effect is found on determining an alliance governance structure. While selecting appropriate technological alliance partners show positive effects on performance, no significant effect is found between alliance governance structure and performance. Factors of both theories impacting each alliance stage and analytical explanations of such impacts are discussed.

Author Biography

Hwan Jin Kim, Korea University of Technology and Education, Republic of Korea. Email:

Hwan Jin Kim received his BS degree from Seoul National University of Technology in 1999. He received his MS in Manufacturing Engineering and Management from University of New South Wales, Australia, in 2002. He received his PhD in Technology Management from Korea University of Technology and Education, Korea, in 2013. He was a manager at LG Chemical in charge of technological alliance contracts for 7 years and also served at strategic planning department at both private and government firms. Currently, he is a lecturer and adjunct professor at the faculty of management of technology, Korea University of Technology and Education, South Korea. His research interests include technological entrepreneurship, dynamic capabilities and strategic alliance and management. He is a member of KOSIME (Korea Society for Innovation Management & Economics).


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