Management of alliance portfolios and the role of the board of directors. Issue 2 (3rd March 2016)

• Record Type: Journal Article
• Authors: Castro, Ignacio; Galán, José L.; Casanueva, Cristóbal
• Is Part Of: Journal of business economics and management. Volume 17:Issue 2(2016)
• Page Start: 215
• Page End: 233
• Publication Date: 2016-03-03
• Subjects: alliance portfolio management capability -- alliance portfolio value -- board composition -- corporate governance -- multiple mediating model -- partial least squares -- strategic implications of boards of directors; M1; Managerial economics -- Periodicals; Industrial management -- Periodicals; Industrial management; Managerial economics; Periodicals; 338.5024658
• DOI: 10.3846/16111699.2014.958093
• Languages: English
• ISSNs: 2029-4433

Abstract

Abstract: The objective of the present work consists in testing whether the strategic involvement of boards of directors has a positive influence on the development of alliance portfolio management capability and on the value that the alliance portfolio generates. A variance-based structural equation modelling (Partial Least Squares) has been applied to a sample constituted by 139 top Spanish companies. Our analysis shows that the strategic involvement of the board of directors has a positive and influence on the management of alliance portfolios, thereby influencing the value of that portfolio in an indirect way. Unlike previous literature, this study links the functions of the board of directors to organizational capabilities, connecting the literature on corporate governance and on management of alliance portfolios.