Effect of Repeated Alliance Portfolio Reconfiguration on Focused Firms'Performance
Focal firms'alliances with established alliance partners that they have had previous experience with in order to leverage new resources are increasingly being adopted by firms lacking alliance experience and alliance resources,which is an important way for them to reconfigure their alliance portfolios.Against the background of existing studies focusing more on the static configuration,it focused on the impact of alliance portfolio reconfiguration of firms with repetitive characteristics on the performance of focal firms,as well as the boundary constraints of the strength of leadership team faultline and organisational redundancy.It made an empirical test using the alliances data of listed firms listing on Growth Enterprise Market and establishing more than 2 alliances with the same partner in order to form repeated alliance portfolios in the period of 2010-2016.The test results show that there is an inverted U-shaped relationship between repeated alliance portfolio reconfiguration and focal firms'performance;furthermore,corporate leadership team faultline strength strengthens the inverted U-shaped relationship between repeated alliance portfolio reconfiguration and focal firms'performance;and organisational redundancy weakens the inverted U-shaped relationship between repeated alliance portfolio reconfiguration and focal firms'performance.It deeply interprets the rules of alliance portfolio restructuring on the performance improvement of focus firms,strengthens the explanation of the theoretical boundary of the"reconfiguration-performance"role of alliances,reveals the mechanism of the effectiveness of repeated alliance portfolio reconfiguration,and deepens the research context of the impact of alliance reconfiguration on focus firms'performance.
NETL
NSTL
万方数据
维普
