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Study of the Determinants of the Enterprise’s Capacity to Absorb New Technologies

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  • Mladen Velev
  • Siya Veleva
  • Anka Tsvetanova

Abstract

In modern times the business success of enterprises is more and more thå result of the development of science and the accelerated introduction of new advances in technology. Innovations are becoming the key to success. In these conditions the importance of technological transfer also grows and it becomes a main “strategic way of meeting the challenges of globalization in business” (Mayer and Blaas, 2002). With the growth in importance of the transfer of technologies increases the interest in the theoretical elucidation and empirical research of various aspects of the absorption capacity of enterprises and its determinants, characterizing the capability for timely recognition, acquisition and use of new advances.In view of the above, the aim of this paper is to present, in brief, an opinion on the determinants of the absorption capacity of enterprises and the factors that affect the formation of the them as well as the findings of empirical research of their state and impact on the intensity of technological transfer, innovative activity and business results of industrial enterprises in Bulgaria.

Suggested Citation

  • Mladen Velev & Siya Veleva & Anka Tsvetanova, 2019. "Study of the Determinants of the Enterprise’s Capacity to Absorb New Technologies," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 97-117.
    • Handle: RePEc:bas:econst:y:2019:i:4:p:97-117
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    References listed on IDEAS

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    1. Lori Rosenkopf & Paul Almeida, 2003. "Overcoming Local Search Through Alliances and Mobility," Management Science, INFORMS, vol. 49(6), pages 751-766, June.
    2. Mayer, Sabine & Blaas, Wolfgang, 2002. "Technology Transfer: An Opportunity for Small Open Economies," The Journal of Technology Transfer, Springer, vol. 27(3), pages 275-289, June.
    3. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
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    More about this item

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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