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

  • Diaz-Di­az, Nieves Lidia
  • Aguiar-Di­az, Inmaculada
  • De Saá-Pérez, Petra
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    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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    File URL: http://www.sciencedirect.com/science/article/B6V77-4T0X2JH-1/2/185b5809b8e4fe6c18efaea5ff134d07
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    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
    Contact details of provider: Web page: http://www.elsevier.com/locate/respol

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