Strategic Alliances and Product Development in New Technology Firms: The Moderating Effect of Technological Capabilities

Babson College Entrepreneurship Research Conference (BCERC) 2008

Frontiers of Entrepreneurship Research 2008

15 Pages Posted: 5 Mar 2009

See all articles by Carolin Häussler

Carolin Häussler

University of Passau

Holger Patzelt

Max Planck Institute of Economics

Abstract

We develop a model of product development based on the alliance portfolio of high technology firms. We draw on the capabilities perspective and argue that the impact of upstream, horizontal, and downstream alliances on the new firms' rate of product development depends on the degree of specialization of the firm's technological capabilities. Using a unique survey dataset of new technology firms in the German and UK biotechnology industries, the findings provide support for our model and demonstrate that technological capabilities are an important factor that mitigates the benefits and risks of alliances for the product development process of new technology firms. We discuss implications for the alliance literature.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Haeussler, Carolin and Patzelt, Holger, Strategic Alliances and Product Development in New Technology Firms: The Moderating Effect of Technological Capabilities. Babson College Entrepreneurship Research Conference (BCERC) 2008; Frontiers of Entrepreneurship Research 2008. Available at SSRN: https://ssrn.com/abstract=1346102

Carolin Haeussler (Contact Author)

University of Passau ( email )

Innstrasse 27
Passau, 94032
Germany

Holger Patzelt

Max Planck Institute of Economics ( email )

Kahlaische Str. 10
D-07745 Jena
Germany

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