Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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The Effect of International Strategic Alliance Portfolio Dimension on Firms's Performance

국제 전략적 제휴 포트폴리오 차원이 기업 성과에 미치는 영향 실증분석

  • Sangyun Han (Department of International Commerce, Daejeon University)
  • 한상연 (대전대학교 국제통상학과)
  • Received : 2021.03.21
  • Accepted : 2021.04.19
  • Published : 2021.04.30
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Abstract

There is increasing awareness in the international alliance literature that the firm performance effects of the alliance portfolio go beyond the effects of the individual alliances. I enrich this nascent perspective by developing a alliance portfolio composition framework based on the alliance portfolio dimensions - underpinned by the simultaneity of quantitative and qualitative factors in international portfolio - that enhances firms' financial performance. This paper assesses the impact on firm performance of composing the alliance dimension within a firm's international alliance portfolio. In an unbalanced panel data analysis with fixed effects of the performance of 502 firms operating in the Korean manufacturing industry during 2011-2017, I test whether firm's three dimension of international alliance portfolio affect on firm financial performance. I find that the intensity of international alliance have significantly positive effect on the firm performance. And following the moderating analysis of three portfolio dimension-functional, relational, and attribute, all of each three international alliance portfolio has positive moderating effects on the relationship between the alliance intensity and firm performance. These results indicate that firms should consider and form simultaneous approaches to exploit the international alliance based on the alliance portfolio dimensions with intensity of alliance portfolio.

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References

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