Exploration, exploitation, and firm age in alliance portfolios

Autor:	Jennifer González-Blanco, José Luis Coca-Pérez, Manuel Guisado-González
Rok vydání:	2019
Předmět:	Entrepreneurship 05 social sciences Economics Econometrics and Finance (miscellaneous) Single class General Business Management and Accounting Complementarity (physics) Alliance 0502 economics and business Economics Manufacturing firms 050207 economics 050203 business & management Industrial organization Panel data
Zdroj:	Eurasian Business Review. 9:387-406
ISSN:	2147-4281 1309-4297
Popis:	We analyzed the relationship between exploration-oriented and exploration-oriented alliances. Through the complementarity approach, three possible relationships were analyzed: complementarity, substitutability, and no relationship. We use Technological Innovation Panel data for Spanish manufacturing firms for 2005–2013. The econometric technique that we used to estimate the coefficients was population-averaged OLS. Our findings suggest that alliance portfolios formed by exploration-oriented and exploration-oriented alliances achieve worse innovation performance than specialized exploration or exploitation portfolios. In addition, we found that a single class of alliance has different impacts on innovation performance depending on whether it is implemented by a young company or a mature company.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::4ea757ebbef79da3130729964123e822 https://doi.org/10.1007/s40821-019-00131-y Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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