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A meta-analysis of the exchange hazards–interfirm governance relationship: An informal institutions perspective

Zhi Cao, Yuan Li (), Jayanth Jayaram, Yi Liu and Fabrice Lumineau
Additional contact information
Zhi Cao: University of Wisconsin-Madison
Yuan Li: Tongji University
Jayanth Jayaram: University of South Carolina
Yi Liu: Shanghai Jiao Tong University

Journal of International Business Studies, 2018, vol. 49, issue 3, 303-323

Abstract: 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 (search for similar items in EconPapers)
Date: 2018
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