Industry cognitive distance in alliances and firm innovation performance
研究了联盟伙伴间的行业认知距离（同行业与跨行业）对企业创新绩效的影响，发现同行业联盟数量与绩效呈倒U型关系，跨行业联盟数量与绩效呈U型关系，基于英国生物制药行业数据验证。
This paper focuses on the role of industry cognitive distance in innovation alliances on firm innovation performance. Drawing from the literature on technological cognitive distance in alliances, we elaborate on the role of industry cognitive distance between partners and its impact on managerial attention to investigate the role of numbers of alliances of low (intra‐industry) and high (inter‐industry) industry cognitive distance on firm innovation performance. Intra‐industry alliances offer lower opportunities for innovation compared to inter‐industry alliances and are less demanding on firm management due to higher cognitive similarity between partners from the same industry. We propose that trade‐offs between innovation opportunities and management efforts result in an inverted U and a U‐shaped relationship between the number of intra‐ and inter‐industry alliances and innovation performance, respectively. We find support for both hypotheses in the context of the UK bio‐pharmaceutical sector.