This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...

Strategic alliances are undertaken to create value through complementarities of resources and capabilities of the partner firms. We develop a matching framework to study strategic alliances, taking a market perspective that explicitly incorporates key features of transactions in strategic...

We explore how an incumbent firm’s internal knowledge and organization structure influences its strategic alliance formation. We propose that the firm’s knowledge breadth and the centrality of its R&D organization structure positively influence its absorptive capacity, and consequently, its...