Quotation Marhold, Klaus, Kim, Marco Jinhwan, Kang, Jina. 2017. The Effects of Alliance Portfolio Diversity on Innovation Performance: A Study of Partner and Alliance Characteristics in the Bio-Pharmaceutical Industry. International Journal of Innovation Management. 21 (1), 1-24.


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Abstract

This study investigates the effects of alliance portfolio diversity on the innovation performance of firms. Alliance portfolio diversity is defined using partner characteristics (partner industrial background) and alliance characteristics (alliance objective). We also investigate the interaction between these two measures of diversity on innovation performance. The hypotheses are tested on a dataset of R&D alliances in the US biopharmaceutical industry from 1998–2002. We find an inverted U-shape relationship between the diversity of alliance partners’ industrial background and innovation performance, and a negative interaction of partner diversity and the diversity of the alliance objectives. This study contributes to the growing field of alliance portfolio diversity research by introducing a new alliance characteristic-based dimension of diversity and testing the interaction of different diversities. Our findings imply that firms with diverse alliance partners in particular need to be careful not to focus on too many objectives at the same time.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal International Journal of Innovation Management
WU-Journal-Rating new STRAT-B, WH-B
Language English
Title The Effects of Alliance Portfolio Diversity on Innovation Performance: A Study of Partner and Alliance Characteristics in the Bio-Pharmaceutical Industry
Volume 21
Number 1
Year 2017
Page from 1
Page to 24
Reviewed? Y
URL https://www.worldscientific.com/doi/abs/10.1142/S1363919617500013
DOI https://doi.org/10.1142/S1363919617500013
Open Access Y
Open Access Link https://www.worldscientific.com/doi/epdf/10.1142/S1363919617500013

Associations

People
Marhold, Klaus (Details)
External
Kang, Jina (Seoul National University, Republic of Korea)
Kim, Marco Jinhwan (Seoul National University, Republic of Korea)
Research areas (ÖSTAT Classification 'Statistik Austria')
2943 Research and innovation management (Details)
2951 Technology transfer (Details)
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