REUER, Jeffrey <br/><br/>
Managing governance adaptations in strategic alliances 

<br/><br/> One important question confroting firms engaged in a strategic alliance is how to adapt the relationship over time. This article identifies specific governance changes firms make in strategic  alliances. Using illustrative data on strategic alliances in the biothnology industry, the authors consider the frequency of governance  adaptations and explore some of the factors affecting parent firms` interventions in their collaborative aggreements. The data patterns demonstratte the relevance of parent firms` prior experiences with alliances as well as specific features of the alliance in influencing the likelihood an type of adjustment undertaken by parent firms. While alliance adaptation has previously benn a black box in the alliance area, the article begins to specify some of the dimensions of alliance adaptation and their drivers