Abstract
This study considers the impact of diversification in types of technological alliances, resulting in alliance portfolio diversity, on various dimensions of a firm's performance, as they relate to exploration and exploitation. Using a large panel of innovative firms in the Netherlands, this study shows that partner type diversity in a firm's alliance portfolio has an inverted U-shaped relationship with productivity and radical innovative performance and a positive relationship with incremental innovative performance. Moreover, the results suggest that a lower level of diversity is needed to achieve an optimal level of productivity compared to radical innovative performance, whereas for incremental innovative performance a higher level of portfolio diversity appears to give the best performance.
| Original language | English |
|---|---|
| Pages (from-to) | 1839-1849 |
| Journal | Journal of Business Research |
| Volume | 67 |
| Issue number | 9 |
| DOIs | |
| Publication status | Published - Sept 2014 |
Keywords
- R&D collaboration
- radical innovation
- incremental innovation
- technological alliances
- alliance portfolio diversity