The impact of alliances and internal R&D on the firm’s innovation and financial performance

This paper intends to understand the relationships among internal and external RD however, it positively moderated the relationship between strategic alliances and innovation performance, corroborating with the absorptive capacity theory. Contrary to our expectations, innovation performance had a negative influence on future financial performance. This was caused by the two-year lag between the measurement of the proxies of these two constructs,...