Purpose - The purpose of this paper is to develop a social exchange perspective of planned short-term dyadic strategic alliances. Design/methodology/approach - The article adopts a conceptual approach drawing on social exchange theory to elicit innovative conclusions about short-term dyadic strategic alliances. Findings - Finds that planned short-term dyadic strategic alliances are difficult to manage, limit social control mechanisms, limit reciprocal activity and interrupt the development of trust. Practical implications - The article can help managers and analysts working in investment banking to understand the underlying causes of alliance instability and/or failure in their industry. Originality/value - The article offers practical insights into the functioning and management of short-term dyadic alliances which will be of interest to both researchers and practising managers.
- Strategic alliances