Table I.

Summary of hypotheses development using theories related to coopetition

HypothesesLevel of coopetitionDigital network scopeTheoretical paradigmTheoretical explanationValue creation by digital referral
H1Geographical regionPeer-to-peer digital networkStakeholder theoryPeer businesses use digital referral for each other to satisfy a broad range of public and private stakeholdersDemonstrate locality and authenticity; exhibit connected regional business community; verify content marketing information; and encourage reciprocity in referring
H2Physical locationPeer-to-peer digital networkResource based viewCo-located peer businesses take advantage of each other’s resources to improve competitive positionOptimize keyword-based and location-based online search results; improve distance-based supply chain and economy of scale; reduce marketing campaign cost; and induce joint utilization of resources
H3Physical locationAugmented digital networkInter-organizational learning theoryCo-located peer businesses better learn from each other in the overlapping marketplacePromote interdependent third-party businesses; create social media awareness; and support sales and marketing communications

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