Matching technology strategy with knowledge structure: Impact on firm's Tobin's q in the semiconductor industry

This study tests whether alignment between a firm's technology strategy and its knowledge structure impacts firm performance. We examine how the internal and external R&D strategies align with the depth and diversity of a firm's technology portfolio. The results show that long-term per...

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Bibliographic Details
Published in:Journal of engineering and technology management 2014-07, Vol.33, p.93-112
Main Authors: Srivastava, Manish K., Laplume, André O.
Format: Article
Language:English
Subjects:
Alignment
Alliances
Deterioration
Firm technology portfolio
High technology
Knowledge structures
Management
Matching
R&D
R&D alliances
Research & development
Research and development
Semiconductors
Strategic management
Strategy
Studies
Tobin's q
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Description
Summary:This study tests whether alignment between a firm's technology strategy and its knowledge structure impacts firm performance. We examine how the internal and external R&D strategies align with the depth and diversity of a firm's technology portfolio. The results show that long-term performance of a firm with high technological depth deteriorates when the firm enhances its internal R&D intensity, but enhances when the firm increases its external R&D alliance intensity. But in contrast, performance of a firm with high technological diversity enhances when it increases its internal R&D intensity, but deteriorates when it increases its external R&D alliance intensity.
ISSN:0923-4748
1879-1719
DOI:10.1016/j.jengtecman.2014.05.001