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Network resource mobilisation limitations and the alliance portfolio network

Luis Miguel Bolivar (Business School, Universidad Tecnológica de Bolívar, Cartagena De Indias, Colombia) (Universidad de Sevilla, Seville, Spain)
Ignacio Castro-Abancéns (Universidad de Sevilla, Seville, Spain)
Cristóbal Casanueva (Universidad de Sevilla, Seville, Spain)
Angeles Gallego (Universidad de Sevilla, Seville, Spain)

Baltic Journal of Management

ISSN: 1746-5265

Article publication date: 31 March 2021

Issue publication date: 20 May 2021




The purpose of this study is to examine how access and mobilisation of network resources influence a firm's performance. It has been established that alliance portfolio (AP) network parameters shape the access to network resources; however, resource access understood as value creation differs from resource mobilisation understood as value capture. Hence, the paper contributes towards the comprehension of AP performance by examining the extent to which a firm's level of network resource mobilisation (NRM) plays a role in improving financial performance and how this strategy conditions the benefits obtained from a firm's AP.


This study employs an interorganisational network approach to describe the APs of firms; subsequently, it examines how AP network parameters and resource mobilisation determine financial performance. To this end, sequential multiple regression models are applied to a sample from the Top International Airlines database, covering 135 portfolios that correspond to 1117 codeshare partnerships.


The analyses show that the NRM level has an inverted U-shaped relationship with revenue performance, thereby revealing the limitations and considerations in the strategic alliance strategy. In addition, the authors show how the resource mobilisation decision moderates the faculty of AP parameters to influence a firm's financial performance, thereby exposing the nuanced relationship between AP size, diversity and redundancy. The findings convey strategic and practical implications for managers regarding how to capture value from their APs.

Practical implications

The findings suggest the need for NRM to form part of a firm's AP management capability, so that, by acquiring superior strategic knowledge in NRM, the firm is able to extract value from its AP through the optimal exploitation of complementary assets.


Previous research has highlighted the multidimensional nature of APs at the theoretical level; however, no simultaneous empirical analysis of various AP parameters has yet been produced. The research empirically analyses an AP network and how its parameters affect financial performance in the presence of a resource mobilisation strategy. Not only do the authors introduce the analysis of the curvilinear relationship between the level of NRM and a firm's performance, but also of its role in advancing the AP literature.



This research was supported by the Ministerio de Economia y Competitividad of Spain (ECO2017-84364-R), and the CEIBA-Gobernacion de Bolivar alliance of Colombia. The authors are grateful to the editor and reviewers of Baltic Journal of Management for their helpful comments and suggestions.


Bolivar, L.M., Castro-Abancéns, I., Casanueva, C. and Gallego, A. (2021), "Network resource mobilisation limitations and the alliance portfolio network", Baltic Journal of Management, Vol. 16 No. 3, pp. 424-445.



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