“…The literature on the process phase of alliances examines the influence of different factors on the alliance's evolutionary process (Balakrishnan and Koza, 1993; Doz, 1996; Glaister and Buckley, 1994; Tsang and Yip, 2007), the alliance's performance (Anand and Khanna, 2000; Beamish, 1993; Koh and Venkatraman, 1991; Reuer et al , 2002; Reus and Rottig, 2009), the implementation of the alliance (Christ and Nicolaou, 2016; Hu et al , 2020; Shi, 1998), value creation and value appropriation (Fontoura and Coelho, 2020; Hu et al , 2015; Madhok et al , 2015), opportunism (Luo, 2005; Madhok, 1995; Parkhe, 1993; Sklavounos and Hajidimitriou, 2014) and trust (Gulati, 1995; Parkhe, 1998; Tomkins, 2001).…”