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The effect of technological knowledge assets on performance: The innovative choice in Spanish firms

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  • Diaz-Di­az, Nieves Lidia
  • Aguiar-Di­az, Inmaculada
  • De Saá-Pérez, Petra
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    Abstract

    The aim of this article is to examine the relationship between Technological Knowledge Assets (TKAs) and performance, in the light of making the 'innovative choice' that involves short-term costs of acquiring or generating the assets but aims at longer term benefits through innovation. To that end, a study of 1267 industrial firms in Spain was carried out over a period of 5 years, 1998-2002. The results show that TKAs have a positive indirect effect on financial performance mediated through innovation. They also reveal that TKAs have a negative direct effect on performance, except licences. Thus, the combined effect of TKAs on performance urges the need for innovation to obtain a positive payoff.

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    Bibliographic Info

    Article provided by Elsevier in its journal Research Policy.

    Volume (Year): 37 (2008)
    Issue (Month): 9 (October)
    Pages: 1515-1529

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    Handle: RePEc:eee:respol:v:37:y:2008:i:9:p:1515-1529

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    Web page: http://www.elsevier.com/locate/respol

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    Cited by:
    1. Patricia AUGIER & Olivier CADOT & Marion DOVIS, 2012. "Imports and TFP at the Firm Level: The Role of Absorptive Capacity," Working Papers P44, FERDI.
    2. Liao, Tung-Shan & Rice, John, 2010. "Innovation investments, market engagement and financial performance: A study among Australian manufacturing SMEs," Research Policy, Elsevier, vol. 39(1), pages 117-125, February.
    3. José L. González-Pernía & Ferran Vendrell-Herrero, 2011. "Does the intensity in R&D generate start-up’s growth?," ERSA conference papers ersa10p483, European Regional Science Association.
    4. Yunhee Kim & Jae Young Choi & Yeonbae Kim, 2009. "Complementarity and Contextuality in the Adoption of Information Systems in Korean Firms," TEMEP Discussion Papers 200919, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Oct 2009.

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