The role of diversification profiles and dyadic characteristics in the formation of technological alliances: Differences between exploitation and exploration in a low-tech industry

Sorin Krammer

MPRA Paper from University Library of Munich, Germany

Abstract: This paper posits that firms' corporate and technological diversification profiles and their relatedness in terms of products and technologies impact their propensity to form alliances for exploitation and exploration. The empirical investigation employs a dataset of all tire producers worldwide between 1985 and 1996 that combines detailed firm level data on establishment, patenting, and alliance activities. The results support these theoretical predictions and indicate that exploitative alliances are driven primarily by complementarity in terms of corporate diversification strategies, as well as partner characteristics (e.g., size, age, and technological capabilities). Moreover, firms with similar product portfolios but uneven technological performance are more likely to engage in exploitative interactions. In contrast, exploration alliances are driven by strong partner similarity across all firm characteristics and product portfolios. Both market and technological diversification have positive effects on the propensity to engage in explorative alliances while technological distance has a negative one.

Keywords: Alliances; Technology; Diversification strategy; Dyadic characteristics; Global tire industry (search for similar items in EconPapers)
JEL-codes: D21 L62 L65 O32 O33 (search for similar items in EconPapers)
Date: 2015-06-05
New Economics Papers: this item is included in nep-com, nep-cse and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/64843/1/MPRA_paper_64843.pdf original version (application/pdf)

Related works:
Journal Article: The role of diversification profiles and dyadic characteristics in the formation of technological alliances: Differences between exploitation and exploration in a low-tech industry (2016)
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:pra:mprapa:64843

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().