Sell-off or shut-down? Alliance portfolio diversity and two types of high tech firms’ exit
| Autor: | Rodolphe Durand, Olga Bruyaka |
|---|---|
| Přispěvatelé: | Virginia Tech [Blacksburg], Groupement de Recherche et d'Etudes en Gestion à HEC (GREGH), Ecole des Hautes Etudes Commerciales (HEC Paris)-Centre National de la Recherche Scientifique (CNRS) |
| Rok vydání: | 2012 |
| Předmět: |
Upstream (petroleum industry)
business.industry Strategy and Management exit Context (language use) alliance portfolio diversity High tech Education high tech firms shut-down Alliance Industrial relations [SHS.GESTION.STRAT]Humanities and Social Sciences/Business administration/domain_shs.gestion.strat Portfolio Business Business and International Management Marketing sell-off Shut down Industrial organization biotechnology Downstream (petroleum industry) Diversity (business) |
| Zdroj: | Strategic Organization Strategic Organization, SAGE Publications (UK and US), 2012, 10 (1), pp.7-30. ⟨10.1177/1476127011432366⟩ |
| ISSN: | 1741-315X 1476-1270 |
| DOI: | 10.1177/1476127011432366 |
| Popis: | International audience; Alliance portfolio diversity (APD) - defined as differences between firms' types of alliance partners (i.e. horizontal, upstream, and downstream) - is a strategic determinant of firm survival. This article analyzes APD in the context of high tech firms who rely on various partners to access complementary resources and secure their business survival, and argues that APD has different impacts on two main types of exit - sell-off and shut-down - which have been combined in previous research. Findings from a comprehensive study of French biotech firms from 1994 to 2002 show that the relationship between APD and shut-down is positive and linear whereas that between APD and sell-off is an inverted U-shaped. The article also finds evidence that the association between APD and firm exit mode is contingent on a firm's resources and capabilities. The implications for research and managerial practice are discussed. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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