5. Discussion and conclusions
The direct relationship between governance and collaboration team effectiveness shows that relational governance has a stronger positive association with collaboration team effectiveness than formal governance does. This result suggests that the development of relational governance between NPD participants increases participants' satisfaction with the relationship, which is evident in their willingness to work with each other again, as well as in their perception that they are working effectively together. This finding supports much of the channel and strategy literature which has drawn on the relational exchange perspective and which has found a strong positive link between trust, relational norms, and measures of satisfaction with the inter-firm exchange relationship and effectiveness of the inter-firm relationship (Lee & Cavusgil, 2006).