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.

本研究探讨企业如何作出有限理性的决策，以回应上述抱负的表现时，配置勘探和开发的联盟投资组合。我们采用行为分析法来探讨超期望绩效的作用和CEO过度自信的影响。我们还认为，过度自信的作用是受环境因素的影响。本文以1992-2015年美国高科技企业为样本，对三个假设进行了检验。结果表明，上述愿望的表现激励企业从事探索，而不是剥削联盟，和CEO的过度自信加强了这种关系。过度自信的调节作用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

• DOI: 10.1109/tem.2022.3192181
• 发表时间: 2024
• 期刊: IEEE Transactions on Engineering Management
• 影响因子: 5.8
• 作者: Xiaotian Yang

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