Interorganizational learning for R&D consortium performance: a social capital perspective

Purpose How beneficial is interorganizational learning for research and development (R&D) consortium performance, and what factors drive the learning effectiveness? To answer these underexplored topics, this study aims to investigate the relationship between interorganizational learning and consortium performance and the moderating impact of social capital embedded in the consortia on the relationship. Design/methodology/approach Based on the literature review conducted, interorganizational learning is conceptualized as a multidimensional construct represented by exploitative and exploratory learning at the consortium level. R&D consortium performance is operationalized as a combination of technological and business performance, corresponding, respectively, to its collective outputs and individual outcomes. This study hypothesizes focusing on technological performance while analyzing business performance for the robustness check. Findings The hypotheses are tested in an original sample of 218 R&D consortium projects in which Korean ventures participated as focal partners. The results show that both exploitative and exploratory learnings are positively related to R&D consortium performance, and social capital accrued in the consortia leverages the advantages of exploratory learning for technological performance and exploitative learning for business performance. Originality/value This study adds new evidence to the literature, suggesting the performing-by-partnering mechanism of R&D consortia is contingent on the social capital that institutionalizes the common learning platform in which the partners interoperate. In practical respects, the combination of interorganizational learning and social capital deserves to be regarded as strategic elements for the value-cocreating consortia, requiring the true exchange of knowledge across partners.