Round Table Discussion of SMJ Paper
A Behavioral Theory of the Reciprocal Relationship Between Innovative Output and R&D Alliances
- When?
- Wednesday 20 June 2012, 15:00 to 16:30
- Where?
- 01MS03, Surrey Business School
- Open to:
- Public, Staff, Students
- Speaker:
- Dr Beverly Tyler
Surrey Business School is proud to present Dr Beverly Tyler, Poole Management School, North Carolina State University, USA, who will be delivering a round table discussion of the SMJ paper 'A Behavioral Theory of the Reciprocal Relationship Between Innovative Output and R&D Alliances' (see right of page to download paper).
The behavioral theory of the firm maintains that when firms perform below their aspiration, they will engage in problemistic search and invest in novel solutions to improve subsequent performance. Using a pooled time series analysis of 667 observations for 131 biopharmaceutical firms operating in the U.S. from 1990 to 2007, we find support for behavioral theory expectations. Furthermore, our data suggest that the relationship between past below aspiration innovative output and subsequent innovative output, defined as new product introductions, is mediated by the number of R&D alliances established, while the relationship between past above aspiration performance and innovative output is not. We contribute to the behavioral theory and alliance literature, illustrate how firms’ innovative output influences R&D alliance formation, and suggest directions for future research.
