Browse > Article

Strategic Alliances Influence on Innovation Performance: The Moderating Role of Human Capital  

Lim, Euncheon (Kookmin University)
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.14, no.3, 2019 , pp. 39-46 More about this Journal
Abstract
Research has shown that alliances with external partners are valuable to foster internal R & D efforts. However, it is not well known how to take advantage of the potential benefits of strategic alliances to create innovative outcomes. This study examines the value of strategic alliances and analyzes the role of human capital in the impact of strategic alliances on innovation performance. This study focuses on whether the absorptive capacity of human capital affects firm innovation through interaction with strategic alliances. In the analysis using 2,205 Korean venture firm data, strategic alliances have a positive effect on innovation performance. However, the moderating role of human capital in the relationship between strategic alliances and innovation performance shows a significant negative impact. This implies that the ability to internalize knowledge and information acquired from external partners into the firm is important. This study provides valuable insights for managers who want to enhance the effectiveness of strategic alliances by considering the interaction of strategic alliances and human capital.
Keywords
Strategic Alliances; Human capital; Innovation Performance;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
연도 인용수 순위
1 Ahuja, G.(2000). The duality of collaboration: Inducements and opportunities in the formation of interfirm linkages, Strategic Management Journal, 317-343.
2 Ahuja, G., & Katila, R.(2001). Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study, Strategic Management Journal, 22(3), 197-220.   DOI
3 Alvarez, S. A., & Barney, J. B.(2001). How entrepreneurial firms can benefit from alliances with large partners, The Academy of Management Executive, 15(1), 139-148.
4 Barney, J.(1991). Firm resources and sustained competitive advantage, Journal of Management, 17(1), 99-120.   DOI
5 Basberg, B. L.(1987). Patents and the measurement of technological change: a survey of the literature, Research Policy, 16(2-4), 131-141.   DOI
6 Baum, J. A., Calabrese, T., & Silverman, B. S.(2000). Don't go it alone: Alliance network composition and startups' performance in Canadian biotechnology, Strategic Management Journal, 267-294.
7 Becker, G. S.(1964). Human capital, Chicago: University of Chicago Press.
8 Beers, C., & Zand, F.(2014). R&D cooperation, partner diversity, and innovation performance: an empirical analysis, Journal of Product Innovation Management, 31(2), 292-312.   DOI
9 Bontis, N.(1998). Intellectual capital: an exploratory study that develops measures and models, Management Decision, 36(2), 63-76.   DOI
10 Spithoven, A., & Teirlinck, P.(2015). Internal capabilities, network resources and appropriation mechanisms as determinants of R&D outsourcing, Research Policy, 44(3), 711-725.   DOI
11 Subramaniam, M., & Youndt, M. A.(2005). The influence of intellectual capital on the types of innovative capabilities, Academy of Management Journal, 48(3), 450-463.   DOI
12 Takeuchi, R., Lepak, D. P., Wang, H., & Takeuchi, K.(2007). An empirical examination of the mechanisms mediating between high-performance work systems and the performance of Japanese organizations, Journal of Applied Psychology, 92(4), 1069.   DOI
13 Teece, D. J., Pisano, G., & Shuen, A.(1997). Dynamic capabilities and strategic management, Strategic Management Journal, 509-533.
14 Teirlinck, P., & Spithoven, A.(2013). Research collaboration and R&D outsourcing: Different R&D personnel requirements in SMEs, Technovation, 33(4), 142-153.   DOI
15 Teixeira, A.(2002). On the link between human capital and firm performance, A theoretical and empirical survey.
16 Ucbasaran, D., Westhead, P., & Wright, M.(2008). Opportunity identification and pursuit: Does an entrepreneur's human capital matter?, Small Business Economics, 30(2), 153-173.   DOI
17 Yamakawa, Y., Yang, H., & Lin, Z. J.(2011). Exploration versus exploitation in alliance portfolio: Performance implications of organizational, strategic, and environmental fit, Research Policy, 40(2), 287-296.   DOI
18 Zahra, S. A., & Bogner, W. C.(2000). Technology strategy and software new ventures' performance: Exploring the moderating effect of the competitive environment, Journal of Business Venturing, 15(2), 135-173.   DOI
19 Petroni, G., Venturini, K., & Verbano, C.(2012). Open innovation and new issues in R&D organization and personnel management, The International Journal of Human Resource Management, 23(1), 147-173.   DOI
20 Carmeli, A., & Schaubroeck, J.(2005). How leveraging human resource capital with its competitive distinctiveness enhances the performance of commercial and public organizations, Human Resource Management: Published in Cooperation with the School of Business Administration, the University of Michigan and in Alliance with the Society of Human Resources Management, 44(4), 391-412.   DOI
21 Chen, C. J.(2004). The effects of knowledge attribute, alliance characteristics, and absorptive capacity on knowledge transfer performance, R&D Management, 34(3), 311-321.   DOI
22 Cheon, M. B.(2009). The Research of Strategic Alliance and Performance between the Domestic Manufacturing Enterprises: The Network Perspective on the Effect of Adjustment, Korean Corporation Management Review, 29, 73-94.
23 Chesbrough, H., & Crowther, A. K.(2006). Beyond high tech: early adopters of open innovation in other industries, R&D Management, 36(3), 229-236.   DOI
24 Chesbrough, H. W.(2007). Why companies should have open business models, MIT Sloan Management Review, 48(2), 22.
25 Choi, Y. S., & Kim, D. H.(2016). A Comparative Study of the Accelerator and Venture Capital through Investment Behavior, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 11(4), 27-36.
26 Cohen, W. M., & Levinthal, D. A.(1990). Absorptive capacity: A new perspective on learning and innovation, Administrative Science Quarterly, 128-152.
27 de Leeuw, T., Lokshin, B., & Duysters, G.(2014). Returns to alliance portfolio diversity: The relative effects of partner diversity on firm's innovative performance and productivity, Journal of Business Research, 67(9), 1839-1849.   DOI
28 Deeds, D. L., & Hill, C. W.(1996). Strategic alliances and the rate of new product development: an empirical study of entrepreneurial biotechnology firms, Journal of Business Venturing, 11(1), 41-55.   DOI
29 Dyer, J. H.(1996). Specialized supplier networks as a source of competitive advantage: Evidence from the auto industry, Strategic Management Journal, 271-291.
30 Dyer, J. H., Kale, P., & Singh, H.(2001). How to make strategic alliances work, MIT Sloan Management Review, 42(4), 37.
31 Enkel, E., Gassmann, O., & Chesbrough, H.(2009). Open R&D and open innovation: exploring the phenomenon, R&D Management, 39(4), 311-316.   DOI
32 Faems, D., & Subramanian, A. M.(2013). R&D manpower and technological performance: The impact of demographic and task-related diversity, Research Policy, 42(9), 1624-1633.   DOI
33 Foss, N. J., Laursen, K., & Pedersen, T.(2011). Linking customer interaction and innovation: The mediating role of new organizational practices, Organization Science, 22(4), 980-999.   DOI
34 George, G., Zahra, S. A., Wheatley, K. K., & Khan, R.(2001). The effects of alliance portfolio characteristics and absorptive capacity on performance: A study of biotechnology firms, The Journal of High Technology Management Research, 12(2), 205-226.   DOI
35 Hagedoorn, J., Kranenburg, H. V., & Osborn, R. N.(2003). Joint patenting amongst companies-exploring the effects of inter-firm R&D partnering and experience, Managerial and Decision Economics, 24(2-3), 71-84.   DOI
36 Hitt, M. A., Bierman, L., Shimizu, K., & Kochhar, R.(2001). Direct and moderating effects of human capital on strategy and performance in professional service firms: A resource-based perspective, Academy of Management Journal, 44(1), 13-28.
37 Jiang, R. J., Tao, Q. T., & Santoro, M. D.(2010). Alliance portfolio diversity and firm performance, Strategic Management Journal, 31(10), 1136-1144.   DOI
38 Kang, W. J., Lee, B. H., & Oh, W. G.(2012). The Effects of the Utilization of External Resources on the Technological Innovation Performance Along the Stages of Growth in Korean Ventures, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 7(1), 35-45.   DOI
39 Kogut, B., & Zander, U.(1992). Knowledge of the firm, combinative capabilities, and the replication of technology, Organization Science, 3(3), 383-397.   DOI
40 Laursen, K., & Salter, A.(2006). Open for innovation: the role of openness in explaining innovation performance among UK manufacturing firms, Strategic Management Journal, 27(2), 131-150.   DOI
41 Lin, C., Wu, Y. J., Chang, C., Wang, W., & Lee, C. Y.(2012). The alliance innovation performance of R&D alliances-the absorptive capacity perspective, Technovation, 32(5), 282-292.   DOI
42 Lin, J. Y.(2014). Effects on diversity of R&D sources and human capital on industrial performance, Technological Forecasting and Social Change, 85, 168-184.   DOI
43 Lim, E., & Kim, D(2019). Entrepreneurial Orientation and Performance in South Korea: The Mediating Roles of Dynamic Capabilities and Corporate Entrepreneurship, Entrepreneurship Research Journal.
44 Lim, E. C., & Kim, D. H.(2017a). Venture Capital Financing and Market Performance of Entrepreneurial Firms, Asia Pacific Journal of Small Business, 39(2), 19-35.
45 Lim, E. C., & Kim, D. H.(2017b). A Study of Grandstanding According to the Types of Venture Capital in Korea, Journal of Korea Industrial Information Systems Research, 22(6), 85-94.   DOI
46 Mangematin, V., & Nesta, L.(1999). What kind of knowledge can a firm absorb?, International Journal of Technology Management, 18(3-4), 149-172.   DOI
47 Miotti, L., & Sachwald, F.(2003). Co-operative R&D: why and with whom?: An integrated framework of analysis, Research Policy, 32(8), 1481-1499.   DOI
48 Mowery, D. C., Oxley, J. E., & Silverman, B. S.(1996). Strategic alliances and interfirm knowledge transfer, Strategic Management Journal, 17(S2), 77-91.   DOI
49 Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M.(2007). Fundamentals of human resource management.
50 Rauch, A., & Rijsdijk, S. A.(2013). The effects of general and specific human capital on long-term growth and failure of newly founded businesses, Entrepreneurship Theory and Practice, 37(4), 923-941.   DOI
51 Ritala, P., Armila, L., & Blomqvist, K.(2009). Innovation orchestration capability-Defining the organizational and individual level determinants, International Journal of Innovation Management, 13(04), 569-591.   DOI
52 Rothwell, R., & Dodgson, M.(1991). External linkages and innovation in small and medium-sized enterprises, R&D Management, 21(2), 125-138.   DOI
53 Ryu, S. M., & Kim, S. H.(2013). The Impact of Human and Social Capital of HR Department on HR Outcome and Employee Attitude, Korean Journal of Business Administration, 26(7), 1,947-1,969.
54 Sampson, R. C.(2007). R&D alliances and firm performance: The impact of technological diversity and alliance organization on innovation, Academy of Management Journal, 50(2), 364-386.   DOI
55 Schilling, M. A., & Phelps, C. C.(2007). Interfirm collaboration networks: The impact of large-scale network structure on firm innovation, Management Science, 53(7), 1113-1126.   DOI
56 Schreiner, M., Kale, P., & Corsten, D.(2009). What really is alliance management capability and how does it impact alliance outcomes and success?, Strategic Management Journal, 30(13), 1395-1419.   DOI
57 Song, J. Y., & Kim, H. C.(2007). Knowledge Transfer and Acquisition Through Strategic Alliances: A Study of Asian Firms' Strategic Alliances in the High-tech Sector, Journal of Strategic Management, 10(1), 1-8.   DOI