DescriptionThe first essay examines the effects of influential power each partner can exercise in the industry toward the unexpected dissolution of JVs formed between competitors. Based on the transaction-cost economics for the decision of ‘termination-or-sustenance’ of inter-firm collaboration and the situational assumption of ‘mixed-motive interaction’ that partners face for continuing cooperative behavior with competitor through JV, I theoretically argue that it is the influential power each partners exercise within the industry that causes JVs between direct competitors to have differential risk of dissolution. Event-history analysis was used to test the hypothesis based on the sample of 188 JVs between 2001 and 2015. A key finding is that JV failure is negatively related with the influential power. The second essay further sophisticates prior finding in that it provides the condition under which positive effect of alliance experience to future activities becomes weaker or even disappear. Whereas early researches on experience emphasized that alliance experience generally seems to be conducive to firms’ alliance activities, this study seeks to go further by providing a boundary condition regarding when alliance experience supports alliances activities and when its effect becomes weaker or even disappear. Focusing on 203 firms whose focal joint-ventures were formed between 2001 and 2010 and observing their immediate subsequent joint-venture activities for following 5 years, the study demonstrates that although alliance experience generally influences positively to the likelihood of firms’ re-entrance of joint-venture, its positive effect to the formation rate of new JV becomes insignificant especially when focal firms have a JV failure in the most recent one.