TABLE 2

FROM:

Strategic alliances and competitive performance in the pharmaceutical industry

Francisco Rocha Gonçalves and Vítor da Conceição Gonçalves

Table 2. Results of the structural model estimation

Hypothesis				Predicted effect	Estimated path	t-statistic	p-value <	Supports research hypothesis?
H1	ALI		MSH	+	0.50	3.26	0.01	Yes
H1	ALI		GRW	+	0.54	4.06	0.01	Yes
H1	ALI		PRF	+	0.14	0.39	n/a	No
H2	RCI		MSH	+	0.24	1.81	0.05	Yes
H2	RCG		GRW	+	0.34	2.57	0.01	Yes
H2	RCG		PRF	+	0.59	1.86	0.05	Yes
H3	ALI		RCI	+	0.63	7.34	0.01	Yes
H3	ALI		RCG	+	-0.20	0.78	n/a	No
H4	MSH		PRF	+	0.33	2.48	0.01	Yes
H4	GRW		PRF	+	0.30	0.98	n/a	No
H5	MOD		MSH	+	0.21	2.30	0.03	Yes
H5	MOD		GRW	+	0.27	3.16	0.01	Yes

 n/a: p-value superior to commonly accepted values.