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16-08-2019 | Regular Article

Exploration, exploitation, and firm age in alliance portfolios

Authors: Manuel Guisado-González, Jennifer González-Blanco, José Luis Coca-Pérez

Published in: Eurasian Business Review | Issue 4/2019

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Abstract

We analyzed the relationship between exploration-oriented and exploration-oriented alliances. Through the complementarity approach, three possible relationships were analyzed: complementarity, substitutability, and no relationship. We use Technological Innovation Panel data for Spanish manufacturing firms for 2005–2013. The econometric technique that we used to estimate the coefficients was population-averaged OLS. Our findings suggest that alliance portfolios formed by exploration-oriented and exploration-oriented alliances achieve worse innovation performance than specialized exploration or exploitation portfolios. In addition, we found that a single class of alliance has different impacts on innovation performance depending on whether it is implemented by a young company or a mature company.

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Metadata
Title
Exploration, exploitation, and firm age in alliance portfolios
Authors
Manuel Guisado-González
Jennifer González-Blanco
José Luis Coca-Pérez
Publication date
16-08-2019
Publisher
Springer International Publishing
Published in
Eurasian Business Review / Issue 4/2019
Print ISSN: 1309-4297
Electronic ISSN: 2147-4281
DOI
https://doi.org/10.1007/s40821-019-00131-y

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