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Multilateral R&D alliances by new ventures
We examine the antecedents and outcomes of new ventures' formation of multilateral R&D alliances. Our results show an inverted U-shaped relationship between market uncertainty and a new venture's likelihood of forming multilateral R&D alliances. Top management team's social c...
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| Format: | Article |
| Language: | English |
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2013
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| LEADER | 01272nab a22001817a 4500 | ||
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| 008 | 160615b2013 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Li, Dan | ||
| 245 | |a Multilateral R&D alliances by new ventures |c Li, Dan. | ||
| 260 | |c 2013 | ||
| 300 | |a 241-260 | ||
| 520 | |a We examine the antecedents and outcomes of new ventures' formation of multilateral R&D alliances. Our results show an inverted U-shaped relationship between market uncertainty and a new venture's likelihood of forming multilateral R&D alliances. Top management team's social capital and ventures' technological capabilities are critical for new ventures to identify and capture alliance opportunities. Moreover, our analysis reveals value creation effects of multilateral R&D alliances for new ventures despite the challenges and difficulties associated. We further show that the value creation effect is a function of the type of exchange relationship (i.e., net- vs. chain-based) in the multilateral R&D alliance and that governance structure moderates this relationship. | ||
| 650 | |a Exchange Relationship | ||
| 650 | |a Market Value Creation | ||
| 650 | |a Alliance Formation | ||
| 650 | |a New Venture | ||
| 650 | |a Multilateral R&D Alliance | ||
| 773 | |a Journal of Business Venturing |d March | ||
| 999 | |c 42205 |d 42205 | ||