Impact of External Knowledge Acquisition Strategies on Innovation: A Comparative Study Based on Dutch and Swiss Panel Data

Impact of External Knowledge Acquisition Strategies on Innovation: A Comparative Study Based on... In this paper we empirically investigate the impact of two external knowledge acquisition strategies—‘buy’ and ‘cooperate’—on firm’s innovation performance. Taking a direct (productivity) approach, we test for complementarity effects in the simultaneous use of the two strategies, and in the intensity of their use. Our results—based on panels of Dutch and Swiss innovating firms—suggest that while both ‘buy’ and ‘cooperate’ have a positive effect on innovation, there is little statistical evidence that using them simultaneously leads to higher innovation performance. Results from the Dutch sample provide some indication that there are positive economies of scope in doing external and cooperative R&D simultaneously. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Impact of External Knowledge Acquisition Strategies on Innovation: A Comparative Study Based on Dutch and Swiss Panel Data

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Publisher
Springer US
Copyright
Copyright © 2015 by Springer Science+Business Media New York
Subject
Economics / Management Science; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-015-9450-7
Publisher site
See Article on Publisher Site

Abstract

In this paper we empirically investigate the impact of two external knowledge acquisition strategies—‘buy’ and ‘cooperate’—on firm’s innovation performance. Taking a direct (productivity) approach, we test for complementarity effects in the simultaneous use of the two strategies, and in the intensity of their use. Our results—based on panels of Dutch and Swiss innovating firms—suggest that while both ‘buy’ and ‘cooperate’ have a positive effect on innovation, there is little statistical evidence that using them simultaneously leads to higher innovation performance. Results from the Dutch sample provide some indication that there are positive economies of scope in doing external and cooperative R&D simultaneously.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Feb 1, 2015

References

  • Complementarity in R&D cooperation strategies
    Belderbos, R; Carree, M; Lokshin, B
  • Cooperative R&D and firm performance
    Belderbos, R; Carree, M; Lokshin, B
  • The innovative performance of in-house and contracted R&D in terms of patents and utility models
    Beneito, P
  • A note on testing for complementarity and substitutability in the case of multiple practices
    Carree, M; Loksin, B; Belderbos, R
  • R&D cooperation and spillovers: Some empirical evidence from Belgium
    Cassiman, B; Veugelers, R

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