Asymmetries in learning capabilities and returns from alliances

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)32_Refereed conference paper (no ISBN/ISSN)Not applicablepeer-review

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Original languageEnglish
Publication statusPublished - 6 Aug 2010

Conference

TitleAcademy of Management Annual Meeting
PlaceCanada
CityMontreal
Period6 - 10 August 2010

Abstract

Drawing on the alliance learning literature, we identify two different types of alliance learning capabilities: partner-specific and general learning capability. The former is the ability to learn partner-specific know-how from a specific alliance partner and the latter the ability to learn meta-learning routines from diverse partners in a firm’s alliance portfolio. We propose that a firm with higher specific learning capability relative to its partner’s is more likely to ‘out-learn’ the partner and therefore be rewarded with superior stock performance. Conversely, higher general learning capability of the focal firm relative to its partner’s decreases firm value because the focal firm has little to learn from its partner, but has to bear the collaboration costs. We also show that repeated ties between partners moderate these relationships in opposite directions, negatively moderating the positive effect of the specific learning capability gap on performance but positively moderating the negative effect of the general learning capability gap on performance. An event study of R&D alliances in the US computing and biopharmaceutical industries supports our hypotheses. Overall, we contribute to a better understanding of asymmetric partner learning in alliances and its performance implications.

Citation Format(s)

Asymmetries in learning capabilities and returns from alliances. / Zaheer, Aks; YANG, Haibin; Zheng, Yanfeng.

2010. Paper presented at Academy of Management Annual Meeting, Montreal, Canada.

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)32_Refereed conference paper (no ISBN/ISSN)Not applicablepeer-review