Technological diversification, technological coupling and invention performance
ISSN: 1746-5265
Article publication date: 21 March 2023
Issue publication date: 1 June 2023
Abstract
Purpose
To investigate the relationship between technological diversification and firm performance as a function of varying levels of technological coupling and internal technological change.
Design/methodology/approach
A longitudinal study of US-based bio-pharmaceutical companies.
Findings
Technological diversification improves invention performance. However, high levels of technological coupling reduce this effect.
Practical implications
Firms with highly diversified technological portfolios should strive to keep their technologies at low levels of technological coupling.
Originality/value
This is the first study to show that technological coupling reduces the positive effect of technological diversification on firms' invention performance.
Keywords
Citation
Martynov, A. (2023), "Technological diversification, technological coupling and invention performance", Baltic Journal of Management, Vol. 18 No. 3, pp. 333-349. https://doi.org/10.1108/BJM-03-2022-0089
Publisher
:Emerald Publishing Limited
Copyright © 2023, Emerald Publishing Limited