Casting a wide net in familiar vs. unfamiliar waters: Impact of types of alliance partner diversity on level and reliability of firm performance

Ruihua Joy Jiang, Oleksiy Osiyevskyy, Qingjiu Tom Tao and Michael D. Santoro

European Management Journal, 2024, vol. 42, issue 5, 824-833

Abstract: Management researchers emphasize the prevalence and importance of firms’ strategic alliance portfolios in determining various firm outcomes. We extend this literature by empirically testing how two aspects of alliance portfolio partner diversity (industry and organizational type diversity) affect both the level and reliability of firm performance. Using the multiplicative heteroscedasticity estimation technique on a sample of 178 of the largest multinational firms in the automobile and telecommunications industries across the twenty-year time period (1995 to 2014), we demonstrate that firms with greater partner industry diversity in their strategic alliance portfolios enjoy greater performance coupled with greater reliability of performance. In contrast, firms with greater partner organizational type diversity in their strategic alliance portfolios have lower performance coupled with lower reliability of performance.

Keywords: Strategic alliances; Alliance portfolio; Alliance diversity; Firm performance; Performance reliability (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0263237323000804
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:42:y:2024:i:5:p:824-833

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.2023.06.005

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 ().