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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


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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  • Diaz-Di­az, Nieves Lidia & Aguiar-Di­az, Inmaculada & De Saá-Pérez, Petra, 2008. "The effect of technological knowledge assets on performance: The innovative choice in Spanish firms," Research Policy, Elsevier, vol. 37(9), pages 1515-1529, October.
  • Handle: RePEc:eee:respol:v:37:y:2008:i:9:p:1515-1529

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    References listed on IDEAS

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    Cited by:

    1. 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.
    2. Patricia Augier & Olivier Cadot & Marion Dovis, 2013. "Imports and TFP at the firm level: the role of absorptive capacity," Canadian Journal of Economics, Canadian Economics Association, vol. 46(3), pages 956-981, August.
    3. 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.
    4. Ferran Vendrell Herrero & José Luis González Pernía, 2010. "Does the intensity in R&D generate start-up’s growth?," Working Papers 2010R05, Orkestra - Basque Institute of Competitiveness.
    5. Josè L. González-Pernia & Ferran Vendrell-Herrero, 2011. "Does the intensity in R&D generate start-up's growth?," ERSA conference papers ersa10p483, European Regional Science Association.

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