TY - JOUR
T1 - Returns to alliance portfolio diversity : the relative effects of partner diversity on firm’s innovative performance and productivity
AU - Leeuw, de, T.
AU - Lokshin, B.
AU - Duysters, G.M.
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
U2 - 10.1016/j.jbusres.2013.12.005
DO - 10.1016/j.jbusres.2013.12.005
M3 - Article
SN - 0148-2963
VL - 67
SP - 1839
EP - 1849
JO - Journal of Business Research
JF - Journal of Business Research
IS - 9
ER -