Alliance type, alliance experience and alliance management capability in high-technology ventures

Rothaermel, Frank T.; Deeds, David

doi:10.1016/j.jbusvent.2005.02.006

Cited by 557 publications

(577 citation statements)

References 79 publications

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“…Taking into account the existing body of knowledge on the impact of a firm's alliance portfolio on its characteristics and performance (Rothaermel and Deeds, 2006;Lavie, 2007), large companies more and more often were managing their alliance portfolios incorporating partners, and using partners' resources as network resources. However as previous research showed (Golonka, 2014;Golonka and Latusek, 2016), small and medium firms did not manage their alliance portfolios; those portfolios consisted of many random and independent relationships.…”

Section: Jmbace 73mentioning

confidence: 99%

Interfirm Cooperation Strategy of Hyper-Growth and Stable-Growth ICT Firms in Sweden

Golonka

2016

JMBACE

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Purpose: The main purpose of this study was to compare the phenomenon of interfirm cooperation strategy in both hyper-growth, and stable-growth knowledge and technology-intensive firms, in a country characterized by a high level of generalized trust: Sweden.Methodology: Qualitative methods were incorporated: direct semistructured interviews with top managers in 13 ICT firms (8 hyper-growth and 5 stable-growth), analyzis of reports, corporate websites and press releases. Furthermore, interviews in 3 expert firms in the industry were conducted, facilitating interfirm cooperation.Conclusions: There were significant differences in interfirm cooperation strategy in two distinguished groups of the firms: hyper-growth, and stable-growth. Managers' individual approaches to uncertainty, strategy and cooperation might be more important than institutional settings. The ICT firms operate in a constantly changing global environment and local context seems to have only a minor impact on the rules of the game in the industry. Research limitations:This study was a qualitative explorative approach as an introduction to further empirical research. Originality:The study presents an interfirm cooperation phenomenon incorporating different perspectives and settings. It contributes to alliance portfolio literature (forming and managing of alliance portfolio in a different context/country/industry), and enhances understanding of firm strategies characterized by different growth rates.

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Section: Jmbace 73mentioning

confidence: 99%

Interfirm Cooperation Strategy of Hyper-Growth and Stable-Growth ICT Firms in Sweden

Golonka

2016

JMBACE

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“…Much of the previous studies on inter-firm collaboration implicitly locates biotech SMEs at the upstream pole of the established firms (for example, pharmaceutical or agricultural biotechnology) along industry value chains [10]- [12]. On the other hand, many biotech SMEs collaborate with universities or public research institutions in what are referred to as upstream partnerships [10], [13]- [16].…”

Section: Hypothesismentioning

confidence: 99%

The Role of Venture Capital on Innovation in the Korean Biotechnology Industry

Sohn¹,

Kang²

2015

IJTEF

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Abstract-Venture capital financing is generally considered as the most suitable external financing mode for New technology based SMEs, such as biotech SMEs. However, the way in which venture capital investments influence a firm's innovation performance is not as certain. In this paper, we empirically analyzed the impact of venture capital investments on networks and innovation performance in Korean biotech SMEs. Venture capital investment was positively associated with downstream partnerships, supporting Hypothesis 1-2 (β=0.29, p<0.001). Inter-firm collaborations were positively correlated with a firm's innovation performance, supporting Hypothesis 2 (β=0.18, p<0.10 in upstream partnerships, β=0.61, p<0.01 in downstream partnerships). This study showed the mechanism of venture capital investment influencing innovation by promoting downstream collaborations.

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“…If so, then the marginal effect of additional R&D partnerships decreases, and perhaps becomes negative, with an increase in the size of a portfolio. Firms will enter the most promising partnerships first and so the amount of relevant information drawn from additional partners, and the concomitant potential for uncertainty reduction, should gradually decrease (Rothaermel & Deeds, 2006). Moreover, increasing the size of a portfolio increases burdens on their management and monitoring (Deeds & Hill, 1996).…”

Section: Portfolio Sizementioning

confidence: 99%

“…Recent studies argue that R&D partnership portfolios, more than individual partnerships alone, represent key knowledge-gathering conduits that allow firms to leverage informational complementarities across their various R&D projects (Faems, van Looy, & Debackere, 2005;George, Zahra, Wheatley, & Khan, 2001;Munson & Spivey, 2006). Consistent with this view, several studies have shown empirical associations between R&D partnership portfolios and innovation (Powell et al, 1999;Rothaermel & Deeds, 2006;Soh, 2003;Stuart, 2000;Wuyts, Dutta, & Stremersch, 2004), while others have suggested a link between technological uncertainty and firms' proclivity to engage in multiple simultaneous R&D partnerships (Hagedoorn, 1993;Powell, Koput, & Smith-Doerr, 1996;Rosenkopf & Schilling, 2008).…”

Section: Introductionmentioning

confidence: 98%

R&D partnership portfolios and the inflow of technological knowledge

Frankort¹,

Hagedoorn²,

Letterie³

2011

Industrial and Corporate Change

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This is the unspecified version of the paper.This version of the publication may differ from the final published version. we show that the size of a firm's R&D partnership portfolio and its share of novel partners both have an inverted U-shaped effect on the inflow of technological knowledge from the firm's R&D partners. We also show how these direct effects vary as a function of the level of technological uncertainty within the portfolio. Permanent repository link3

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Alliance type, alliance experience and alliance management capability in high-technology ventures

Cited by 557 publications

References 79 publications

Interfirm Cooperation Strategy of Hyper-Growth and Stable-Growth ICT Firms in Sweden

Interfirm Cooperation Strategy of Hyper-Growth and Stable-Growth ICT Firms in Sweden

The Role of Venture Capital on Innovation in the Korean Biotechnology Industry

R&D partnership portfolios and the inflow of technological knowledge

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