
Leveraging firm innovation performance through alliance portfolios in emerging economies: the role of absorptive capacity
2017; Alberto Hurtado University; Volume: 12; Issue: 4 Linguagem: Inglês
10.4067/s0718-27242017000400002
ISSN0718-2724
AutoresT. Diana L. van Aduard de Macedo-Soares, Fábio de Oliveira Paula, Hudson Lima Mendonça,
Tópico(s)Corporate Finance and Governance
ResumoFirms are increasingly engaging in alliance portfolios/networks -AP/Nets -to leverage their innovation performance -IP -and thus boost their competitiveness.Most studies, with a few exceptions especially from emerging countries, found a positive relationship between AP/Net and IP, depending on portfolio characteristics and firm absorptive capacity -AC.This article undertakes an empirical investigation of the AP/Net -IP relationship and AC´s potentially moderating role in this relationship in an emerging country: Brazil.Statistical testing of hypotheses regarding these relationships, and AC´s role, corroborated the exceptions.However, it confirmed how important it is that firms in an emerging country ensure a high level of AC to mitigate the negative effects of AP/Net diversity on IP.Some managerial and policy implications were also formulated.
Referência(s)