File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Exploration or exploitation? Small firms' alliance strategies with large firms

TitleExploration or exploitation? Small firms' alliance strategies with large firms
Authors
KeywordsExploration alliances
Exploitation alliances
Small firms
Large firms
Alliance strategy
Issue Date2013
PublisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.interscience.wiley.com/jpages/0143-2095
Citation
Strategic Management Journal, 2013 How to Cite?
AbstractHow do small firms manage their alliance strategies with large firms? This study compares the relative impacts of exploration and exploitation alliances with large firms on small firms' valuation. Integrating the literatures on the exploration/exploitation paradigm and alliance governance, we argue that exploitation alliances with large firms will on average generate higher values for small firms than exploration alliances with large firms due to a heightened risk of appropriation in exploration alliances. However, if small firms can manage their alliances with large firms via proper alliance governance, they will increase their valuations from exploration alliances with large firms. Analyses of the U.S. biopharmaceutical industry from 1984 to 2006 largely support our hypotheses.
Persistent Identifierhttp://hdl.handle.net/10722/188218
ISSN
2015 Impact Factor: 3.38
2015 SCImago Journal Rankings: 6.278
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorYang, H-
dc.contributor.authorZheng, Y-
dc.contributor.authorZhao, X-
dc.date.accessioned2013-08-22T05:01:50Z-
dc.date.available2013-08-22T05:01:50Z-
dc.date.issued2013-
dc.identifier.citationStrategic Management Journal, 2013-
dc.identifier.issn0143-2095-
dc.identifier.urihttp://hdl.handle.net/10722/188218-
dc.description.abstractHow do small firms manage their alliance strategies with large firms? This study compares the relative impacts of exploration and exploitation alliances with large firms on small firms' valuation. Integrating the literatures on the exploration/exploitation paradigm and alliance governance, we argue that exploitation alliances with large firms will on average generate higher values for small firms than exploration alliances with large firms due to a heightened risk of appropriation in exploration alliances. However, if small firms can manage their alliances with large firms via proper alliance governance, they will increase their valuations from exploration alliances with large firms. Analyses of the U.S. biopharmaceutical industry from 1984 to 2006 largely support our hypotheses.-
dc.languageeng-
dc.publisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.interscience.wiley.com/jpages/0143-2095-
dc.relation.ispartofStrategic Management Journal-
dc.rightsStrategic Management Journal. Copyright © John Wiley & Sons Ltd.-
dc.rightsSpecial Statement for Preprint only Before publication: 'This is a preprint of an article accepted for publication in [The Journal of Pathology] Copyright © ([year]) ([Pathological Society of Great Britain and Ireland])'. After publication: the preprint notice should be amended to follows: 'This is a preprint of an article published in [include the complete citation information for the final version of the Contribution as published in the print edition of the Journal]' For Cochrane Library/ Cochrane Database of Systematic Reviews, add statement & acknowledgement : ‘This review is published as a Cochrane Review in the Cochrane Database of Systematic Reviews 20XX, Issue X. Cochrane Reviews are regularly updated as new evidence emerges and in response to comments and criticisms, and the Cochrane Database of Systematic Reviews should be consulted for the most recent version of the Review.’ Please include reference to the Review and hyperlink to the original version using the following format e.g. Authors. Title of Review. Cochrane Database of Systematic Reviews 20XX, Issue #. Art. No.: CD00XXXX. DOI: 10.1002/14651858.CD00XXXX (insert persistent link to the article by using the URL: http://dx.doi.org/10.1002/14651858.CD00XXXX) (This statement should refer to the most recent issue of the Cochrane Database of Systematic Reviews in which the Review published.)-
dc.subjectExploration alliances-
dc.subjectExploitation alliances-
dc.subjectSmall firms-
dc.subjectLarge firms-
dc.subjectAlliance strategy-
dc.titleExploration or exploitation? Small firms' alliance strategies with large firmsen_US
dc.typeArticleen_US
dc.identifier.emailZheng, Y: yzheng@business.hku.hk-
dc.identifier.doi10.1002/smj.2082-
dc.identifier.hkuros217659-
dc.identifier.isiWOS:000327555200008-
dc.publisher.placeUnited Kingdom-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats