AJIBM  Vol.9 No.9 , September 2019
A Review of Complementary Assets
What attracts the increasing number of scholars’ attention was that the innovators were often not the biggest beneficiaries of technological innovation. Teece came up with the concept of complementary assets to solve this problem, after which complementary assets have gradually become the hot topic of scientific research. This essay summarized the definition, classification, measurement of complementary assets as well as the relationship between complementary assets and innovation and commercialization that was proposed by scholars at home and abroad. At the same time, a brief view of current research situation of complementary assets was made. In the end, some thoughts on the further development of complementary assets were presented.
Cite this paper: Zhou, X. (2019) A Review of Complementary Assets. American Journal of Industrial and Business Management, 9, 1772-1780. doi: 10.4236/ajibm.2019.99116.

[1]   Teece, D.J. (1986) Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy. Research Policy, 15, 285-305.

[2]   Taylor, A. and Helfat, C.E. (2009) Organizational Linkages for Surviving Technological Change: Complementary Assets, Middle Management, and Ambidexterity. Organization Science, 20, 718-739.

[3]   Dyer, J.H. and Singh, H. (1988) The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage. Academy of Management Review, 23, 660-679.

[4]   Wang, Y. and Rajagopalan, N. (2015) Alliance Capabilities: Review and Research Agenda. Journal of Management, 41, 236-260.

[5]   Astebro, T. and Serrano, C.J. (2015) Business Partners: Complementary Assets, Financing, and Invention Commercialization. Journal of Economics & Management Strategy, 24, 228-252.

[6]   Zahra, S.A. and George, G. (2002) Absorptive Capacity: A Review, Reconceptualization, and Extension. Academy of Management Review, 27, 185-203.

[7]   Pek-Hooi, S. and Jiang, Y. (2010) Institutional Environment and Complementary Assets: Business Strategy in China’s 3G Development. Asia Pacific Journal of Management, 27, 647-675.

[8]   Fang, X.B. (2012) Research on the Resistance of Organizational Inertia to the Utilization of External Complementary Assets and Its Elimination Mechanism. Science and Technology Management Research, 12, 224-226.

[9]   Song, M., Droge, C., Hanvanich, S., et al. (2005) Marketing and Technology Resource Complementarity: An Analysis of Their Interaction Effect in Two Environmental Contexts. Strategic Management Journal, 26, 259-276.

[10]   Christmann, P. (2000) Effects of “Best Practices” of Environmental Management on Cost Advantage: The Role of Complementary Assets. Academy of Management Journal, 43, 663-680.

[11]   Chiu, Y., Lai, H., Lee, T., et al. (2008) Technological Diversification, Complementary Assets, and Performance. Technological Forecasting and Social Change, 75, 875-892.

[12]   Frank, T.R. and Charles, W.L. (2005) Technological Discontinuities and Complementary Assets: A Longitudinal Study of Industry and Firm Performance. Organization Science, 16, 52-70.

[13]   Rothaermel, F.T. (2001) Incumbent’s Advantage through Exploiting Complementary Assets Viainter firm Cooperation. Strategic Management Journal, 22, 687.

[14]   Colombo, L. and Dawid, H. (2016) Complementary Assets, Start-Ups and Incentives to Innovate. International Journal of Industrial Organization, 44, 177-190.

[15]   Thomke, S. and Kuemmerle, W. (2002) Asset Accumulation, Interdependence and Technological Change: Evidence from Pharmaceutical Drug Discovery. Strategic Management Journal, 23, 619.

[16]   Lai, H., Chiu, Y., Liaw, Y., et al. (2010) Technological Diversification and Organizational Divisionalization: The Moderating Role of Complementary Assets. British Journal of Management, 21, 983-995.

[17]   Chungwon, W., et al. (2014) Exploring the Impact of Complementary Assets on the Environmental Performance in Manufacturing SMEs. Sustainability, 6, 7412-7432.

[18]   Hess, A.M. and Rothaermel, F.T. (2011) When Are Assets Complementary? Star Scientists, Strategic Alliances, and Innovation in the Pharmaceutical Industry. Strategic Management Journal, 32, 895-909.

[19]   Alvarez-Garrido, E. and Dushnitsky, G. (2016) Are Entrepreneurial Venture’s Innovation Rates Sensitive to Investor Complementary Assets? Comparing Biotech Ventures Backed by Corporate and Independent VCs. Strategic Management Journal, 37, 819-834.

[20]   López, L.E. and Roberts, E.B. (2002) First-Mover Advantages in Regimes of Weak Appropriability: The Case of Financial Services Innovations. Journal of Business Research, 55, 997.

[21]   Teece, D.J. (2007) Explicating Dynamic Capabilities: The Nature and Microfoundations of (Sustainable) Enterprise Performance. Strategic Management Journal, 28, 1319-1350.

[22]   Lin, J. and Wang, M. (2015) Complementary Assets, Appropriability, and Patent Commercialization: Market Sensing Capability as a Moderator. Asia Pacific Management Review, 20, 141-147.

[23]   Fuentelsaz, L., Garrido, E. and Maicas, J.P. (2015) Incumbents, Technological Change and Institutions: How the Value of Complementary Resources Varies across Markets. Strategic Management Journal, 36, 1778-1801.