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The Effects Of Alliance Portfolio Characteristics And Absorptive Capacity On Performance: A Study Of Biotechnology Firms, Gerard George, Shaker A. Zahra, Kathleen K. Wheatley, Raihan Khan

Research Collection Lee Kong Chian School Of Business

In many high technology industries, strategic alliances have become important for improving a firm's financial performance by providing knowledge that can be used to develop the capabilities needed to introduce new products. Therefore, researchers have examined those characteristics of alliances that can contribute to the performance of high technology companies. There is agreement that the structure and knowledge flows within alliances can affect a firm's innovativeness. However, to date, researchers have studied alliances as individual events or transactions, failing to recognize their synergistic effects as a coherent portfolio. Viewing alliances as a portfolio of strategic agreements, we suggest that portfolio …