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Impact of external knowledge acquisition strategies on innovation - A comparative study based on Dutch and Swiss panel data

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  • Arvanitis, Spyros

    ()
    (KOF, ETH Zürich)

  • Lokshin, Boris

    ()
    (School of Business and Economics, Maastricht University)

  • Mohnen, Pierre

    ()
    (UNU-MERIT/MGSoG)

  • Wörter, Martin

    ()
    (KOF, ETH Zürich)

Abstract

There 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 Info

Paper provided by United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) in its series MERIT Working Papers with number 003.

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Date of creation: 2013
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Handle: RePEc:unm:unumer:2013003

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Keywords: Innovation; Open innovation; R&D collaboration; make; buy strategies;

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  1. repec:ulb:ulbeco:2013/9043 is not listed on IDEAS
  2. Belderbos, René & Carree, Martin & Lokshin, Boris, 2006. "Complementarity in R&D cooperation strategies," Research Memorandum 013, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  3. Carine Peeters & Bruno Pottelsberghe de la Potterie, 2006. "Innovation strategy and the patenting behavior of firms," Journal of Evolutionary Economics, Springer, vol. 16(1), pages 109-135, April.
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  7. Hagedoorn, John & Wang, Ning, 2012. "Is there complementarity or substitutability between internal and external R&D strategies?," Research Policy, Elsevier, vol. 41(6), pages 1072-1083.
  8. Werner Bonte, 2003. "R&D and productivity: Internal vs. external R&D - evidence from west german manufacturing industries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(4), pages 343-360.
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  14. Belderbos, Rene & Carree, Martin & Lokshin, Boris, 2004. "Cooperative R&D and firm performance," Research Policy, Elsevier, vol. 33(10), pages 1477-1492, December.
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  16. Grimpe, Christoph & Hussinger, Katrin, 2008. "Formal and Informal Technology Transfer from Academia to Industry: Complementarity Effects and Innovation Performance," ZEW Discussion Papers 08-080, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
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Cited by:
  1. Spyros Arvanitis & Florian Seliger, 2014. "Imitation versus Innovation: What Makes the Difference?," KOF Working papers 14-367, KOF Swiss Economic Institute, ETH Zurich.

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