Abstract
The paper examines the effects of strategic technology alliances on corporate performance. In using a LISREL-model the following five different (groups of) factors were specified to analyze these effects: sectoral features, national circumstances, company structure, innovativeness and external linkages. The paper explaines the theoretical and statistical reasons why a particular LISREL-model was chosen to analyze effects of strategic technology alliances on corporate performance instead of applying other multivariate techniques. It describes the application of a particular LISREL approach, a structural equation model with observed variables. It concludes that there apparently is no straightforward relationship between strategic technology partnering and company performance. However, the application of LISREL models certainly did improve the general understanding of the effects of strategic technology alliances beyond more traditional statistical approaches.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ansoff, I. and McDonnell, E. (1990), Implanting Strategic Management,London (Prentice Hall). Bain, J.S. (1956), Barriers to new competition,Cambridge (Harvard University Press).
Berg, S.V., Duncan, J. and Friedman, P. (1982), Joint Venture Strategies and Corporate Innovation, Cambridge, Ma. (Oelgeschlager).
Bollen, K.A. (1989), Structural Equations with Latent Variables,New York (John Wiley and Sons).
Cohen, W.M. and Levin, R.C. (1989), ‘Empirical studies of innovation and market structure’, in: R.Schmalensee and R. Willig (eds.), Handbook of Industrial Organization, Vol. 2, Amsterdam (North Holland), pp 1059–1109.
Contractor, F.J. and Lorange, P. (1988), ‘Why should firms cooperate? The strategy and economics basis for cooperative ventures’, in: F.J. Contractor and P. Lorange (Eds.), Cooperative Strategies in International Business, Lexington (Lexington Books), pp 3–31.
Davis, E. and J. Kay (1990), ‘Assessing corporate performance’, Business Strategy Review, Vol. 1, no. 2, pp 1–17.
Devine, P.J., Lee, N., Jones, R.M., and Tyson, W.J. (1986), An introduction to industrial economics,Fourth edition, London (George Allen & Unwin).
Dosi, G. (1984), Technical Change and Industrial Transformation. London (Macmillan).
Freeman, C. (1982), The economics of industrial innovation,London (Pinter Publishers).
Gujarati, D.N. (1988), Basic Econometrics,2nd Edition, New York (McGraw-Hill).
Gujarati, D.N. (1992), Essentials of Econometrics,New York (McGraw-Hill).
Hagedoorn, J. (1989), The Dynamic Analysis of Innovation and Diffusion. London (Pinter Publishers). Hagedoorn, J. (1990), ‘Organizational modes of inter-firm co-operation and technology transfer’. In: Technovation,10/1, pp 17–30.
Hagedoom, J. (1993), ‘Understanding the rationale of strategic technology partnering: inter-organizational modes of cooperation and sectoral differences’, in: Strategic Management Journal 14 (5), pp. 371–386.
Hagedoorn, J. and Schakenraad J. (1990a), ‘Inter-firm partnerships and co-operative strategies in core technologies’, in: C. Freeman and L. Soete (Eds.), New Explorations in the Economics of Technical Change, London (Pinter Publishers), pp 3–28.
Hagedoom, J. and Schakenraad J. (1990b), Technology Cooperation, Strategic Alliances, and their motives: Brother, can you spare a dime, or do you have a light?, Paper for SMS conference, Stockholm, September 24–27, 1990.
Hagedoorn, J. and Schakenraad, J. (1994), `The effect of strategic technology partnering on company performance’, in Strategic Management Journal 15 (1), pp 291–309.
Hay, D.A. and Morris, D.J. (1979), Industrial Economics: Theory and Evidence,Oxford (OUP).
Hayduk, L.A. (1987), Structural Equation Modeling with LISREL, Essentials and Advances,Baltimore/London (Johns Hopkins University Press).
Hladik, K.J. (1985), International Joint Ventures,Lexington (Lexington Books).
Hladik, K.J. (1988), ‘R&D and international joint ventures’. In: F.J. Contractor, P. Lorange (Eds.), Cooperative Strategies in International Business, Lexington (Lexington Books), pp 187–205.
Jöreskog, K.G. (1977), ‘A General Method for Analysis of Covariance Structures’, in: D.J. Aigner and A.S. Goldberger (eds.), Latent Variables in Socio-Economic Models, Amsterdam (North-Holland), pp 187–204.
Jöreskog, K.G. and Sörbom, D. (1977), ‘Statistical Models and methods for Analysis of Longitudinal Data’. in: D.J. Aigner and A.S. Goldberger (eds.), Latent Variables in Socio-Economic Models, Amsterdam (North-Holland), pp 285–325.
Jöreskog, K.G. and Sörbom D. (1993),LISREL ® User’s Reference Guide, Chicago,(Scientific Software International, Inc.).
Kamien, M.I. and Schwartz, N.L. (1982), Market Structure and Innovation. Cambridge (CUP). Kleinbaum, D. (1994), Logistic regression: A self-learning text. New York (Springer-Verlag).
Link, A.N. and Bauer, L.L. (1989), Cooperative Research in U.S. Manufacturing: Assessing Policy Initiatives and Corporate Strategies,Lexington (Lexington Books).
Long, J. (1994a), ‘Confirmatory factor analysis: A preface to LISREL’, in Lewis-Beck, M. (Ed), Factor analysis and related techniques. London (Sage Publications).
Long, J. (1994b), ’ Covariance structure models: An introduction to LISREL’, in Lewis-Beck, M. (Ed), Factor analysis and related techniques. London (Sage Publications).
Mansfield, E. (1984), ‘R&D and innovation: some empirical findings’, in: Z. Griliches (ed.) R&D,Patents, and productivity, Chicago (University of Chicago Press), pp 127–148.
Mueller, D.C. (1986), The modern corporation - Profits, power, growth and performance. Brighton (Wheatsheaf Books).
Mueller, R. (1996), Basic principles of structural equation modeling. An introduction to LISREL and EQS. New York (Springer-Verlag).
Ohmae, K. (1985), Traid power. New York (Free Press).
Patel, P. and Pavitt, K. (1991), Large firms in the production of the world’s technology: An important case of ‘non-globalisation’, in: Journal of International Business Studies, 22, no. 1, pp 1–21.
Pavitt, K., Robson M. and Townsend J. (1987), ‘The size distribution of innovating firms in the UK: 1945–1983’, in: Journal of Industrial Economics, 35, no. 3, pp 297–317.
Philips, A. (1971), Technology and marketstructure. Lexington (Lexington Books).
Saris, W. and Stronkhorst, H. (1984), Causal Modeling in Nonexperimental Research, an Introduction to the LISREL Approach. Amsterdam (Sociometric Research Foundation).
Scherer, F.M. (1965), ‘Firm size, marketstructure, opportunity, and the output of patented inventions’. In: American Economic Review, 15, no. 5, pp 1097–1123.
Scherer, F.M. (1984), Innovation and growth: Schumpeterian perspectives,Cambridge, Ma. (MIT Press). Schmalensee, R. (1989), ‘Inter-industry studies of structure and performance’. In: R.Schmalensee and R. Willig (eds.), Handbook of Industrial Organization,Vol. 2, Amsterdam (North Holland), pp 951–1011.
Schmookler, J. (1966), Invention and economic growth. Boston (Harvard University Press). Scott, M. (1995), Applied logistic regression analysis. London (Sage Publications).
Soete, L. (1979), ‘Firm size and inventive activity-the evidence reconsidered’, in: European Economic Review, no. 12, pp 319–340.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1997 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Hagedoorn, J., Sadowski, B., Schakenraad, J. (1997). The Effect of Strategic Technology Alliances on Company Performance: A LISREL Approach. In: Ghertman, M., Obadia, J., Arregle, JL. (eds) Statistical Models for Strategic Management. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2614-5_14
Download citation
DOI: https://doi.org/10.1007/978-1-4757-2614-5_14
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5186-1
Online ISBN: 978-1-4757-2614-5
eBook Packages: Springer Book Archive