Stakeholder interest-power asymmetry, opportunism, and risk creation of CoPS innovation

Sheng Ya; Wang Jiexiang

PDF(1000 KB)

Science Research Management ›› 2013 ›› Issue (3) : 31-40.

Stakeholder interest-power asymmetry, opportunism, and risk creation of CoPS innovation

Sheng Ya, Wang Jiexiang

Author information +

History +

Abstract

As a result of practice demand and policy orientation,the development of Complex Products and Systems(CoPS) innovation in China have drawn the attention of the world. However, the significant risks of CoPS innovation are ignored, resulting in great losses. Therefore CoPS innovation risk need give the urgent attention by academia. The mechanism of innovation risk creation is the key of innovation risk research. As the substantive characteristic of CoPS innovation, a the innovation with multi-participators style is neglected by former researches, the stakeholder perspective is introduced into CoPS innovation risk research. From this perspective, a risk creation mechanism model involving stakeholder interest-power asymmetry-opportunism-risk creation of CoPS innovation is built and the empirical results support the theoretical model, but some differences exist among three stakeholders, that is, customer, employee, and sub-contractor. In addition, the relationship strength between has a front-end moderative effect on the risk creation mechanism.

Key words

CoPS / innovation risk / interest-power asymmetry / opportunism / relationship strength

Cite this article

EndNote

Ris (Procite)

Bibtex

Download Citations

Sheng Ya, Wang Jiexiang. Stakeholder interest-power asymmetry, opportunism, and risk creation of CoPS innovation[J]. Science Research Management. 2013(3): 31-40

References

[1] Hobday M, Rush H. Technology management in complex product systems (CoPS)-ten questions answered[J]. International Journal of Technology Management. 1999, 17(6): 618-638.
[2] Hansen K L, Rush H. Hotspots in complex product systems: emerging issues in innovation management[J]. Technovation. 1998, 18(8-9): 555-561.
[3] 盛亚,王节祥,吴俊杰. 复杂产品系统创新风险生成机理研究—利益相关者权利对称性视角[J]. 研究与发展管理, 2012(3): 110-116. Sheng Y & Wang J X. Study on Formation Mechanism of CoPS Innovation Risk:From the Perspective of the Power Symmetry of Stakeholders[J]. R&D Management.2012(3): 110-116.
[4] Davies A, Hobday M, Ebrary I. The business of projects: managing innovation in complex products and systems[M]. Cambridge University Press, 2005.
[5] 陈劲. 复杂产品系统创新管理[M]. 科学出版社, 2007.Chen J. Complex product system innovation management[M]. Science Press.2007
[6] Ren Y T, Yeo K T. Risk management capability maturity model for complex product systems (CoPS) projects[J]. 2009, 2: 807-811.
[7] Kerzner H. Project management: a systems approach to planning, scheduling, and controlling[M]. Wiley, 2009.
[8] Das T K, Rahman N. Determinants of partner opportunism in strategic alliances: a conceptual framework[J]. Journal of Business and Psychology. 2010, 25(1): 55-74.
[9] Luo Y. Are joint venture partners more opportunistic in a more volatile environment?[J]. Strategic Management Journal. 2007, 28(1): 39-60.
[10] Freeman E R. Strategic Management: A stakeholder approach[M]. Boston: Pitman, 1984.
[11] Edward Freeman R, Evan W M. Corporate governance: A stakeholder interpretation[J]. Journal of Behavioral Economics. 1990, 19(4): 337-359.
[12] Williamson O E. Markets and hierarchies[M]. New York: Free Press, 1975.
[13] 吴绍波,顾新. 知识链组织之间合作的关系强度研究[J]. 科学学与科学技术管理, 2008(2): 113-118.Wu S P& Gu X. Resear ch on Relation Ties of Knowledge Chain’ s Inter-firm Cooperation[J]. Science of Science and Management of S&T. 2008(2): 113-118.
[14] Freeman R E, Harrison J S, Wicks A C, et al. Stakeholder theory: the state of the art[M]. Cambridge Univ Pr, 2010.
[15] Savage G T, Nix T W, Whitehead C J, et al. Strategies for assessing and managing organizational stakeholders[J]. The executive. 1991: 61-75.
[16] Wathne K H, Heide J B. Opportunism in interfirm relationships: Forms, outcomes, and solutions[J]. The Journal of Marketing. 2000: 36-51.
[17] 刘燕. "机会主义行为" 内容与表现形式的理论解析[J]. 经济问题探索, 2006(005): 122-125.Liu Y. Study on the Contents and Forms of opportunism[J]. Inquiry into Economic Issues.2006(5): 122-125.
[18] Luo Y. Opportunism in Inter‐firm Exchanges in Emerging Markets [1][J]. Management and Organization Review. 2006, 2(1): 121-147.
[19] Niesten E, Jolink A. Incentives, opportunism and behavioral uncertainty in electricity industries[J]. Journal of Business Research. 2012(4): 1031-1039.
[20] Frooman J. Stakeholder influence strategies[J]. Academy of management review. 1999: 191-205.
[21] Das T K, Teng B S. Risk types and inter-firm alliance structures[J]. Journal of Management Studies. 1996, 33(6): 827-843.
[22] Granovetter M. Economic action and social structure: the problem of embeddedness[J]. American journal of sociology. 1985: 481-510.
[23] 潘松挺,蔡宁. 网络关系强度与组织学习:环境动态性的调节作用[J]. 科学决策, 2010(4): 48-54.
Pan S T& Cai N. The Tie Strength of Network and Organizational Learning: the Adjustment Role of Environmental Dynamism. Journal of scientific decision. 2010(4): 48-54.
[24] Peng M W, Luo Y. Managerial ties and firm performance in a transition economy: The nature of a micro-macro link[J]. Academy of Management journal. 2000: 486-501.
[25] 庄贵军. 营销渠道中的人际关系与跨组织合作关系:概念与模型[J]. 商业经济与管理, 2012(1): 25-33.
Zhuang G J. Interpersonal GUANXI and Inter-firm Relationship in Marketing Channels:A Conceptual Model[J]. Business Economics and Administration. 2012(1): 25-33.
[26] Williamson O E. The Economic Intstitutions of Capitalism[M]. New York: Free Press, 1985.
[27] 刘婷,刘益. 交易专项投资对伙伴机会主义行为影响的实证研究[J]. 管理科学, 2012(1): 66-75.
Liu T & Liu Y. Empirical Study on the Effects of a Firm’s Transaction-specific Investments on the Partner’s Opportunisms[J]. Management Science. 2012(1): 66-75.
[28] 谢科范. 技术创新风险管理[M]. 河北科学技术出版社, 1999.
Xie K F. Risk Management of the Technical Innovation[M]. Hebei Science and Technology Press.1999.
[29] Chang C Y, Ive G. The hold-up problem in the management of construction projects: A case study of the Channel Tunnel[J]. International Journal of Project Management. 2007, 25(4): 394-404.
[30] 吴明隆. 结构方程模型——AMOS 的操作与运用[M]. 重庆大学出版社, 2009.
Wu M R. Structure Equation Modeling: AMOS Application and Operation[M]. Chongqing University Press.2009.
[31] 温忠麟,侯杰泰,张雷. 调节效应与中介效应的比较和应用[J]. 心理学报, 2005(2): 268-274.
Wen Z L, Hou J T& Zhang L. Comparison Between Mediation and Moderation[J]. Acta Psychologica Sinica. 2005(2): 268-274.
[32] Carson S J, Madhok A, Wu T. Uncertainty, opportunism, and governance: The effects of volatility and ambiguity on formal and relational contracting[J]. The Academy of Management Journal ARCHIVE. 2006, 49(5): 1058-1077.
[33] Lui S S, Wong Y, Liu W. Asset specificity roles in interfirm cooperation: Reducing opportunistic behavior or increasing cooperative behavior?[J]. Journal of Business research. 2009, 62(11): 1214-1219.
[34] Werder A. Corporate Governance and Stakeholder Opportunism[J]. Organization Science. 2011, 22(5): 1345-1358.
[35] 江旭. 医院间联盟中的知识获取与伙伴机会主义[D]. 西安交通大学, 2008.
Jiang X. Knowledge Acquisition and Partner Opportunism in Inter-hospital Alliances[D]. Xi’an Jiaotong University,2008.
[36] Das T K, Kumar R. Regulatory focus and opportunism in the alliance development process[J]. Journal of Management. 2011, 37(3): 682-708.
[37] 张闯. 渠道依赖, 权力结构与策略: 社会网络视角的研究[D]. 东北财经大学, 2007.
Zhang C. Channel Dependency, Power Structure and strategy: From the Perspective of Social Network[D]. Dongbei University of Finance and Economics,2007.
[38] Hawkins T G, Wittmann C M, Beyerlein M M. Antecedents and consequences of opportunism in buyer-supplier relations: Research synthesis and new frontiers[J]. Industrial Marketing Management. 2008, 37(8): 895-909.
[39] Graebner M E. Caveat venditor: Trust asymmetries in acquisitions of entrepreneurial firms[J]. The Academy of Management Journal ARCHIVE. 2009, 52(3): 435-472.
[40] 汪丁丁,叶航. 理性的演化——关于经济学"理性主义"的对话[J]. 社会科学战线, 2004(2): 49-66.
Wang D D& Ye Hang. Evolutionary Rationality: A Dialogue about Rationalism in economics[J]. Social Science Front. 2004(2): 49-66.
[41] 符加林. 企业声誉效应对联盟伙伴机会主义行为约束研究[D]. 浙江大学, 2008.
Fu J L. Study On the Constraint Effect of Corporate Reputation to Alliance Partner Opportunism[D]. Zhejiang University,2008.
[42] Hobday M. The project-based organisation: an ideal form for managing complex products and systems?[J]. Research policy. 2000, 29(7-8): 871-893.
[43] 陈劲,桂彬旺,陈钰芬. 基于模块化开发的复杂产品系统创新案例研究[J]. 科研管理, 2006(6): 1-8.
Chen J, Gui B W, Chen J F. Case investigation of complex product systems innovation based on modularization development[J]. Science Research Managemen t..2006(6): 1-8.
[44] Mysen T, Svensson G, Payan J M. The key role of opportunism in business relationships[J]. Marketing Intelligence & Planning. 2011, 29(4): 436-449.
[45] Kloyer M, Scholderer J. Effective incomplete contracts and milestones in market-distant R&D collaboration[J]. Research Policy. 2012, 41(2): 346-357.