Alliance portfolios and firm performance: the moderating role of firms’ strategic positioning
Abstract
Purpose
The purpose of this paper is to fill the theoretical void in the discussion of effects of alliance portfolios on firm performance by studying the moderating role of a firm’s strategic positioning.
Design/methodology/approach
A fixed effects, autoregressive panel model on a comprehensive, longitudinal sample of large and medium-sized publicly traded companies in the USA.
Findings
The effect of alliance portfolios on firm performance is conditional on the firm’s strategic positioning.
Research limitations/implications
The results may not be applicable to firms outside the USA or small firms.
Practical implications
Executives should craft their alliance portfolios while considering the strategic positioning of their firms.
Originality/value
This paper presents the first study of alliance portfolios that uses a comprehensive, multi-industry sample while considering firms’ strategic positioning. The paper is the first to jointly study characteristics of alliance portfolios and firm strategies.
Keywords
Acknowledgements
An earlier version of this paper was presented at an Academy of Management Annual meeting.
Citation
Martynov, A. (2017), "Alliance portfolios and firm performance: the moderating role of firms’ strategic positioning", Journal of Strategy and Management, Vol. 10 No. 2, pp. 206-226. https://doi.org/10.1108/JSMA-01-2016-0003
Publisher
:Emerald Publishing Limited
Copyright © 2017, Emerald Publishing Limited