Non‐additivity in portfolios of exploration activities: a real options‐based analysis of equity alliances in biotechnology

By R. Vassolo, Jaideep Anand, Timothy B. Folta. 2004

432 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d66e4ae2e6b56428eb51b8fab7a04a9b1d7d8003

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Citations in the corpus

External technology sourcing: The effect of uncertainty on governance mode choice (2007, unknown): “In addition to that, Vassolo et al. (2004) find that lower technological distance enhances the likelihood of that an alliance partner is being acquired.”
Network-based Research in Entrepreneurship: A Decade in Review (2015, background): “This is due to increasing redundancy across alliances that undermines the value of the portfolio as a whole (Vassolo, Anand, and Folta, 2004).”
Real Options in Management and Organizational Strategy: A Review of Decision‐making and Performance Implications (2012, unknown): “Significant research has been conducted in this direction to examine the empirical validity of the theory of irreversible investments5 in organisations (Vassolo et al. 2004; Folta and O’Brien 2007).”
Alliance Capabilities (2015, background): “Future research would do well to focus on the unique characteristics of alliance portfolios compared with an individual alliance: A portfolio could be complementary (the total value generated by the portfolio is more than the sum of the individual alliances) or substitutive (the total value of a por”
Corporate venture capital portfolios and firm innovation (2016, unknown): “…of interfirm relationshipsmatter because ties within a portfolio can complement or conflict with one another, thereby influencingwhether the value organizations derive from their portfolios is more or less than the sum of the values of the individual ties (Vassolo et al., 2004; Wassmer, 2010).”
Flexibility in internationalization: is it valuable during an economic crisis? (2009, background): “…direct investments It has been noted that the value of a portfolio of options differs from that of individual options by adding or subtracting additional value to individual options in line with characteristics of underlying assets and uncertainty conditions (Vassolo, Anand, and Folta, 2004).”
Organizational Ambidexterity: Towards a Multilevel Understanding (2009, unknown): “Benner and Tushman, 2003; He and Wong, 2004), others (e.g. Rosenkopf and Nerkar, 2001; Vassolo et al., 2004; Vermeulen and Barkema, 2001) invoke them in terms of using past knowledge versus new learning, rather than the type of path taken.”
Organizational Factors to Support Knowledge Management and Innovation (2011, background): “…using past knowledge, ruling out the possibility of linking exploitative activities with learning and innovation (e.g. Rosenkopf and Nerkar, 2001; Vassolo et al., 2004), in this study it has been found that the use of practices for knowledge storage, transfer and application relates positively…”
Corporate venturing and value creation: A review and proposed framework (2009, background): “When a portfolio consists of multiple real options hat interact with each other, their individual values may be subdditive (McGrath, 1997; Trigeorgis, 1996; Vassolo et al., 2004) r super-additive (Vassolo et al., 2004).”
Real options and foreign affiliate divestments: A portfolio perspective (2009, background): “This is akin to earlier findings on the real option valuation of technology alliances (Vassolo et al, 2004), where alliances with overlapping technological performance characteristics were found have higher termination rates.”
International Joint Ventures and the Value of Growth Options (2008, background): “First, prior studies on real options and alliances have shown that growth options become more salient in new and exploratory activities (Folta, 1998; Hurry et al., 1992; Vassolo et al., 2004).”
Portfolios of Political Ties and Business Group Strategy in Emerging Economies (2014, unknown): “Focusing on individual dyadic ties would not capture such synergies or conflicts among the ties that may make the overall effect on the focal firm greater or smaller than the sum of the effect generated by each dyadic tie (Vassolo, Anand, and Folta, 2004; Wassmer, 2010).”
Duration Analysis of Venture Capital Staging: A Real Options Perspective (2008, unknown): “Extant real options research suggests that the value of real options embedded in a portfolio of investments may not be additive (Kulatilaka, 1995; Vassolo et al., 2004 ).”