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I'll Find it Where I Can: Exploring the Role of Resource and Financial Constraints in Search Behaviour among Innovators

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  • Mikko Paananen

Abstract

The search for new knowledge is often driven by problems that firms face in their innovative activities. Although a considerable effort has been made to explore the search for innovation, little attention has been placed on the concept of problemistic search. Indeed, there are only few studies that examine how the challenges that firms face in their innovation processes shape the nature and direction of their search activities. Using the Finnish Innovation Survey, this study explores the impact of different types of problems on the use of internal and external knowledge sources. The results show that firms under resource constraints tend to use external sources of knowledge in their search activities rather than internal ones. However, those firms who are constrained by finance tend to search both internally and externally. The paper explores the implications of these results for theory and future empirical research.

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  • Mikko Paananen, 2012. "I'll Find it Where I Can: Exploring the Role of Resource and Financial Constraints in Search Behaviour among Innovators," Industry and Innovation, Taylor & Francis Journals, vol. 19(1), pages 63-84, January.
    • Handle: RePEc:taf:indinn:v:19:y:2012:i:1:p:63-84
    DOI: 10.1080/13662716.2012.649059
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    References listed on IDEAS

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    1. P. Mohnen & F. Palm & S. Loeff & A. Tiwari, 2008. "Financial Constraints and Other Obstacles: are they a Threat to Innovation Activity?," De Economist, Springer, vol. 156(2), pages 201-214, June.
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    1. Duong, Phuong-Anh Nguyen & Voordeckers, Wim & Huybrechts, Jolien & Lambrechts, Frank, 2022. "On external knowledge sources and innovation performance: Family versus non-family firms," Technovation, Elsevier, vol. 114(C).
    2. Marco Capasso & Marina Rybalka, 2022. "Innovation Pattern Heterogeneity: Data-Driven Retrieval of Firms’ Approaches to Innovation," Businesses, MDPI, vol. 2(1), pages 1-28, March.
    3. Heuschneider, Sara & Herstatt, Cornelius, 2016. "External search for exploration of future discontinuities and trends: Implications from the literature using co-citation and content analysis," Working Papers 92, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.

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