Partner Type Diversity in Alliance Portfolios: Multiple Dimensions, Boundary Conditions and Firm Innovation Performance

28 Pages Posted: 12 Jun 2018

See all articles by John Hagedoorn

John Hagedoorn

Maastricht University, School of Business and Economics

Boris Lokshin

Maastricht University, School of Business and Economics

Ann‐Kristin Zobel

ETH Zürich

Date Written: July 2018

Abstract

Our research extends the current knowledge based view on the configuration of alliance portfolios and their deployment in different external knowledge environments. We study these alliance portfolios in a longitudinal sample (1996–2010) for over three thousand firms that operate in a large number of industries in the Netherlands. Our findings indicate that partner type variety and partner type relevance, as different dimensions of partner diversity in alliance portfolios, both have an inverted U‐shaped association with firm innovation performance. However, alliance portfolios characterized by both high partner type variety and high relevance cause inferior innovation performance. Different external knowledge environments, characterized by different levels of industry modularity and scope of knowledge distribution, moderate the inverted U‐shaped associations of partner type variety and relevance in alliance portfolios with firm innovation performance in opposing directions. While for partner type variety, a high level is found to be optimal in environments with greater modularity or broader scope of knowledge distribution, for partner type relevance it turns out that a low level is optimal under more modular industry conditions.

Keywords: alliance portfolios, industry contingencies, innovation performance, knowledge‐based view, portfolio diversity

Suggested Citation

Hagedoorn, John and Lokshin, Boris and Zobel, Ann‐Kristin, Partner Type Diversity in Alliance Portfolios: Multiple Dimensions, Boundary Conditions and Firm Innovation Performance (July 2018). Journal of Management Studies, Vol. 55, Issue 5, pp. 809-836, 2018. Available at SSRN: https://ssrn.com/abstract=3192250 or http://dx.doi.org/10.1111/joms.12326

John Hagedoorn (Contact Author)

Maastricht University, School of Business and Economics ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands

Boris Lokshin

Maastricht University, School of Business and Economics ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands
+31 43 388 3697 (Phone)
+31 43 325 4893 (Fax)

Ann‐Kristin Zobel

ETH Zürich

Rämistrasse 101
ZUE F7
Zürich, 8092
Switzerland

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