Impact of external knowledge acquisition strategies on innovation – A comparative study based on Dutch and Swiss panel data
AbstractThere is growing evidence that firms increasingly adopt open innovation practices. In this paper we investigate the impact of two such external knowledge acquisition strategies, ‘buy’ and ‘cooperate’, on firm’s product 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 large 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 conditional on doing internal R&D.
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Bibliographic InfoPaper provided by KOF Swiss Economic Institute, ETH Zurich in its series KOF Working papers with number 13-325.
Length: 26 pages
Date of creation: Jan 2013
Date of revision:
Open innovation; R&D collaboration; make; buy strategies;
Other versions of this item:
- Arvanitis, Spyros & Lokshin, Boris & Mohnen, Pierre & Wörter, Martin, 2013. "Impact of external knowledge acquisition strategies on innovation - A comparative study based on Dutch and Swiss panel data," MERIT Working Papers 003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-16 (All new papers)
- NEP-CDM-2013-02-16 (Collective Decision-Making)
- NEP-CSE-2013-02-16 (Economics of Strategic Management)
- NEP-EUR-2013-02-16 (Microeconomic European Issues)
- NEP-INO-2013-02-16 (Innovation)
- NEP-KNM-2013-02-16 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2013-02-16 (Small Business Management)
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