Multilateral alliances and innovation output: The importance of equity and technological scope

Shichun Xu, Anton P. Fenik and Matthew B. Shaner

Journal of Business Research, 2014, vol. 67, issue 11, 2403-2410

Abstract: The formation of R&D alliances has become an increasingly popular way to achieve improved innovation outcomes. However, R&D alliances face high failure rates due to the dual nature, cooperation and competition, of what can be a very challenging inter-firm relationship, a problem that is compounded when an alliance involves more than two partners. As such, it is important to understand the mechanisms that encourage cooperation in multilateral alliances to help firms achieve desired innovation outcomes. In this study, we hypothesize two such mechanisms: equity governance structure and multi-technology scope. We test our hypotheses using panel data from the pharmaceutical industry spanning 15years. Our results support the idea that equity governance and having a multiple technology scope are positively related to innovation outcomes in multilateral alliances.

Keywords: Multilateral alliances; Equity governance; Technology scope; Innovation output (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:67:y:2014:i:11:p:2403-2410

DOI: 10.1016/j.jbusres.2014.02.007

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