Krammer, SMS (2016) The role of diversification profiles and dyadic characteristics in the formation of technological alliances: Differences between exploitation and exploration in a low-tech industry. Research Policy, 45 (2). pp. 517-532. ISSN 0048-7333
Abstract
This paper posits that corporate and technological diversification of firms and their relatedness in terms of products and technologies will impact their propensity to form technological alliances. It argues that both higher levels of diversification and greater relatedness signal superior capabilities and available resources to prospective partners that will facilitate exploration and exploitation of technological assets in an alliance. These theoretical conjectures are tested using a dataset of all tire producers worldwide between 1985 and 1996 that combines detailed firm data on establishment, patenting, and alliance activities. The results indicate that complementarity in terms of corporate and technological diversification strategies, as well as partner characteristics (e.g., size, age, and technological capabilities) drive exploitation alliances. Moreover, firms with similar product portfolios are more likely to engage in exploitative interactions. In contrast, exploration alliances exhibit strong partner similarity across all firm characteristics. Both corporate and technological diversification have positive effects on firms’ propensity to engage in exploration, while technological distance has a negative nonlinear one.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) 2015, Elsevier. This is an author produced version of a paper published in Research Policy. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 02 May 2017 14:47 |
Last Modified: | 18 Jul 2017 11:46 |
Published Version: | https://doi.org/10.1016/j.respol.2015.10.014 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.respol.2015.10.014 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:115199 |