TY - JOUR
T1 - Strategic alliances and product development in high technology new firms
T2 - The moderating effect of technological capabilities
AU - Haeussler, Carolin
AU - Patzelt, Holger
AU - Zahra, Shaker A.
N1 - Funding Information:
We thank the editor and two anonymous referees for their useful comments, as well as seminar participants at the 2008 Academy of Management Meeting in Anaheim, USA, the 2008 Babson College Entrepreneurship Research Conference at the University of North-Carolina, Chapel Hill, USA, and seminar participants at INNO-tec, Munich, Germany. Haeussler acknowledges financial support from the German Research Foundation (DFG) through SFB/TR15 “Governance and the Efficiency of Economic Systems” and the Munich Center for Health Sciences.
PY - 2012/3
Y1 - 2012/3
N2 - 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.
AB - 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.
KW - Biotechnology industry
KW - Capabilities perspective
KW - High technology new firms
KW - New product development
KW - Strategic alliances
UR - http://www.scopus.com/inward/record.url?scp=84855330214&partnerID=8YFLogxK
U2 - 10.1016/j.jbusvent.2010.10.002
DO - 10.1016/j.jbusvent.2010.10.002
M3 - Article
AN - SCOPUS:84855330214
SN - 0883-9026
VL - 27
SP - 217
EP - 233
JO - Journal of Business Venturing
JF - Journal of Business Venturing
IS - 2
ER -