When do firms change technology‐sourcing vehicles? The role of poor innovative performance and financial slack
研究了企业在创新绩效不佳时如何调整技术获取方式（联盟、收购或自主研发），发现财务冗余多的企业倾向于增加方式多样性和尝试新方式，而财务冗余少的企业则收缩并回归熟悉方式。
This paper examines the adjustments firms make to the composition of their portfolios of technology‐sourcing vehicles (i.e., alliance, acquisition, or go‐it‐alone) in response to poor innovative performance. We advance a behavioral perspective on the make/buy/ally question, suggesting that differences in financial slack will generate different portfolio decisions. Specifically, we posit that firms with greater levels of financial slack are more likely to respond to poor innovative performance by opting for (1) greater vehicle diversification, and (2) new sourcing vehicles, while firms with less financial slack will respond by (1) downscoping their portfolio of sourcing vehicles, and (2) reverting to more familiar vehicles. We find support for our predictions using extensive data from the population of U.S. public pharmaceutical firms from 1992 to 2006 . Copyright © 2015 John Wiley & Sons, Ltd.