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Strategic alliances and product development in high technology new firms: The moderating effect of technological capabilities

Carolin Haeussler, Holger Patzelt and Shaker A. Zahra
Authors registered in the RePEc Author Service: Carolin Häussler

Journal of Business Venturing, 2012, vol. 27, issue 2, 217-233

Abstract: High technology new firms have extensively used strategic alliances to gain access to knowledge, resources and capabilities. However, given their inexperience and limited resources, these firms are vulnerable to their more established partners' potential opportunism. This raises the question: How can new firms maximize the benefits of these alliances while reducing their risks? In this study, we address this question by drawing upon the capabilities perspective to propose that the impact of upstream, horizontal, and downstream alliances on product development depends on the degree of specialization of new firms' technological capabilities. Using a database of biotechnology firms, the results support this argument even when different types of strategic alliances are considered.

Keywords: High technology new firms; Strategic alliances; Capabilities perspective; New product development; Biotechnology industry (search for similar items in EconPapers)
JEL-codes: L24 L25 M13 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (49)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:27:y:2012:i:2:p:217-233

DOI: 10.1016/j.jbusvent.2010.10.002

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