Drawing on expectancy, equity, and collective effort theories, we argue that the level of involvement of individual firms in multifirm alliances depends on both individual firms' self-focused interests and factors stemming from the firms' membership in the alliance group. We apply our...

We examine the performance effects of two knowledge-driven strategies - internal knowledge development and external knowledge access through inter-firm relationships - in the context of venture capital investing. Using longitudinal data on the investments, syndication, and performance of 200...