Premium
Effects of international R&D alliances on performance of high‐tech start‐ups: a longitudinal analysis
Author(s) -
Colombo Massimo G.,
Grilli Luca,
Murtinu Samuele,
Piscitello Lucia,
Piva Evila
Publication year - 2009
Publication title -
strategic entrepreneurship journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 5.061
H-Index - 46
eISSN - 1932-443X
pISSN - 1932-4391
DOI - 10.1002/sej.78
Subject(s) - high tech , alliance , competence (human resources) , start up , european union , business , productivity , sample (material) , international trade , business administration , industrial organization , economics , marketing , economic growth , management , political science , chemistry , chromatography , law
Abstract In this article, we use the theoretical lens of resource and competence‐based perspectives and global strategic network theory to analyze the effects of international R&D alliances on the performance of high‐tech start‐ups. In the empirical section of the article, we consider the European Union‐funded international R&D alliances established by a large sample of Italian high‐tech start‐ups over the period from 1994 to 2003. We measure firm performance through total factor productivity, and we resort to generalized method of moments system estimates to detect the treatment effect of alliance formation according to type and home country of the partners. The econometric results suggest that international R&D alliances are most beneficial to high‐tech start‐ups if (1) they involve industrial partners located in a variety of countries and (2) these countries are closer to world knowledge sources. Copyright © 2009 Strategic Management Society.