Previous research on the market for technology has focused mostly on the supply side rather than the demand side of the market. Drawing on the behavioral theory of the firm, this study suggests search derived from performance below aspiration level as one of the determinants of the demand side...

This paper studies possible complementarities and substitution effects between such strategic choices as alliances, acquisitions and internal R&D investments. The findings indicate that a firm’s absorptive capacity affects the presence of complementarities and substitution effects among those...