Model
Digital Document
Publisher
Florida Atlantic University
Description
Alliance portfolios, or a firm collection of simultaneous alliances, have become
common phenomena particularly in technology industries. These portfolios have been
found to have a significant impact on firms’ financial performance. At the same time,
there is little consensus regarding the direction of this effect. Findings have shown
positive, negative, curvilinear, and non-significant relationships. In this dissertation, I
employed an organizational learning perspective to investigate the effect of alliance
portfolio size on firm financial performance. Using a sample of 343 firm-year
observations in the U.S. software industry, I explored portfolio- and firm-level
characteristics as moderators of this relationship. Findings provide evidence for a
curvilinear, inverted U-shaped relationship between portfolio size and firm performance
that is moderated by the timing of the alliances within the portfolio and by the firms’ Top
Management Team (TMT) turnover.
common phenomena particularly in technology industries. These portfolios have been
found to have a significant impact on firms’ financial performance. At the same time,
there is little consensus regarding the direction of this effect. Findings have shown
positive, negative, curvilinear, and non-significant relationships. In this dissertation, I
employed an organizational learning perspective to investigate the effect of alliance
portfolio size on firm financial performance. Using a sample of 343 firm-year
observations in the U.S. software industry, I explored portfolio- and firm-level
characteristics as moderators of this relationship. Findings provide evidence for a
curvilinear, inverted U-shaped relationship between portfolio size and firm performance
that is moderated by the timing of the alliances within the portfolio and by the firms’ Top
Management Team (TMT) turnover.
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