It's not what Size, but what Type: Alliance Portfolios & Innovativeness in Biotechnology

Drawing on an integration of capabilities, learning, and embeddedness perspectives, this study unpacks alliance portfolio size along relational dimensions to explore how the numbers of high, mixed, and low intensity alliances influence the innovativeness of biotechnology firms. This study finds value in unpacking alliance portfolio size along relational dimensions. Specifically, mixed alliances marked by both high and low relational intensity have a positive impact on firm innovativeness. Furthermore, younger firms benefit more from mixed alliances than older firms, and firms with less technical diversity also benefit more from mixed alliances.