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.,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.,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.,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.

中文翻译：

---

组织间学习对研发财团的绩效：社会资本视角

组织间学习对研究与开发（R＆D）财团的绩效有多有益？哪些因素会驱动学习效果？为了回答这些未充分探讨的话题，本研究旨在研究组织间学习与联盟绩效之间的关系以及联盟中嵌入的社会资本对该关系的调节作用。，基于进行的文献综述，组织间学习被概念化为多维构建以财团一级的探索性和探索性学习为代表。研发联盟的绩效是技术和业务绩效的组合，分别对应于其集体产出和个人成果。本研究假设侧重于技术性能，同时分析业务绩效以进行稳健性检查。这些假设在218个R＆D财团项目的原始样本中进行了检验，韩国合资企业参与其中。结果表明，探索性学习和探索性学习均与R＆D财团的绩效成正相关，并且财团中积累的社会资本充分利用了探索性学习的技术绩效和探索性学习的业务绩效优势。这项研究为文献提供了新的证据，这表明研发财团的合作伙伴绩效机制取决于将合作伙伴进行互操作的共同学习平​​台制度化的社会资本。在实际方面，