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Hypothesis 10b: The recency of the firms sameform governance experience is associated with the choice of
divestitures over alliances, and alliances over acquisitions.
Hypothesis 11a: The target (or partner) firms technological resources are associated with the choice of
acquisitions over alliances, and alliances over divestitures.
Hypothesis 11b: The target (or partner) firms marketing resources are associated with the choice of
acquisitions over alliances, and alliances over divestitures.
Hypothesis 12a: The interaction between uncertainty and asset specificity is associated with the choice of
acquisitions over alliances, and alliances over divestitures.
Hypothesis 12b: The internal organization costs of integrating the target firm into the focal firm are associated
with the choice of divestitures over alliances, and alliances over acquisitions.