The choice of suitable cooperation partners for product innovation: Differences between new ventures and established companies

Raquel Antolin-Lopez, Javier Martinez-del-Rio, José Joaquín Cespedes-Lorente and Miguel Perez-Valls

European Management Journal, 2015, vol. 33, issue 6, 472-484

Abstract: This article examines the effect of different types of cooperation partners on product innovation in new ventures and in established companies. We argue that the effectiveness of interorganizational cooperation depends on how the resources or capabilities the partners provide match the different characteristics of new ventures and established companies. Specifically, we argue that new ventures cooperate under a cost-economizing and risk-sharing logic; consequently, other new ventures, small firms, universities/research centers and financial institutions are suitable partners. Conversely, large established companies and public administrations are better partners for established companies because they are more motivated to enter into innovation partnerships based on a strategic rationale. We use data from 2473 firms operating in intensive innovation sectors in cluster-like environments in 32 European countries. By using different proxies for product innovation, our results generally confirm our arguments. These findings yield relevant contributions to the study of innovation, new ventures and interorganizational cooperation and provide salient implications for practitioners.

Keywords: New ventures; Product innovation; Cooperation; Resource-based view; Partner choice (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0263237315000912
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:33:y:2015:i:6:p:472-484

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/115/bibliographic
http://www.elsevier. ... me/115/bibliographic

DOI: 10.1016/j.emj.2015.09.002

Access Statistics for this article

European Management Journal is currently edited by Michael Haenlein

More articles in European Management Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu ().