Exploration versus Exploitation? A Boundedly Rational Decision on Alliance Portfolio Configurations

探索与利用？

• 批准号: 22K01687
• 负责人: 楊 筱恬
• 金额: $ 1.41万
• 依托单位: Waseda University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (C)
• 财政年份: 2022
• 资助国家: 日本
• 起止时间: 2022-04-01 至 2023-03-31
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22K01687/
• 关键词: bounded rationality; alliance portfolio; performance feedback; behavioral theory; CEO overconfidence; exploration; exploitation

This study investigates how firms make boundedly rational decisions in response to above-aspiration performance when configuring exploration and exploitation in an alliance portfolio. We employ behavioral heuristics to explore the role of above-aspiration performance and the influence of a CEO’s overconfidence. We also argue that the role of overconfidence is influenced by environmental factors. Three hypotheses are tested using a sample of U.S. high technology firms during 1992-2015. Results establish that above-aspiration performance motivates firms to engage in exploration rather than exploitation alliances, and a CEO’s overconfidence strengthens this relationship. The moderating effect of overconfidence decreases with environmental munificence and dynamism.

本研究调查了企业在配置联盟组合中的探索和利用时如何针对超出预期的绩效做出有限理性的决策。我们还采用行为启发法来探讨超出预期的绩效的作用以及首席执行官过度自信的影响。过度自信的作用受到环境因素的影响。使用 1992 年至 2015 年期间的美国高科技公司样本对三个假设进行了检验，结果表明，超出预期的绩效能够激励公司。参与探索而不是开发联盟，而首席执行官的过度自信会加强这种关系。过度自信的调节作用会随着环境的慷慨和活力而减弱。

项目成果

Vertical Coopetition: Effect of Supplier Relationship Management Strategies on Supplier Involvement in New Product Development

纵向合作：供应商关系管理策略对供应商参与新产品开发的影响

• DOI: 10.1109/tem.2022.3192181
• 发表时间: 2022
• 影响因子: 5.8
• 作者: Yang Xiaotian

A Boundedly Rational Perspective on the Role of Above-aspiration in Ambidextrous Alliances Choices

关于超越愿望在双元联盟选择中的作用的有限理性视角

• 发表时间: 2022
• 作者: Fen Zhang; Xiaotian Yang; Jia Liu
• 通讯作者: Jia Liu