Abstract
Building upon the theoretical foundations provided by industrial organization, foreign direct investment, and alliance/network literature, this study investigates the structure–performance relationship by focusing on the international strategic alliances (ISAs) in a transitional economy. After controlling ISAs' distinctive resource and discretionary managerial decision variables, the analysis of data obtained from the People's Republic of China during its pivotal time in the transitional stage finds that industry structure characteristics constitute an important source explaining variations of ISA performance. Different structural attributes, however, affect firm performance differently.
