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The dynamics of knowledge stocks and knowledge flows: innovation consequences of recruitment and collaboration in biotech

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  • Andreas Al-Laham
  • Daniel Tzabbar
  • Terry L. Amburgey

Abstract

To extend the knowledge-based view of the firm, we examine how managing the dynamic balance that a firm must undertake between applying knowledge stocks and accessing knowledge flows may determine innovativeness. We found that while the effect of scientist's recruitment and alliances as two sources of knowledge flow decay overtime, high degrees of human and social capital stock reduces the speed of new assets erosion. Failing to account for the interactions between knowledge stocks and flows, as well as the underlining causalities associated with each knowledge source, will result in an incomplete picture of the relationship between knowledge development efforts and innovative success. We test our assumptions on a longitudinal event history data set of the complete US biotech population of 857 firms founded during the period 1973--1999. Copyright 2011 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

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  • Andreas Al-Laham & Daniel Tzabbar & Terry L. Amburgey, 2011. "The dynamics of knowledge stocks and knowledge flows: innovation consequences of recruitment and collaboration in biotech," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(2), pages 555-583, April.
    • Handle: RePEc:oup:indcch:v:20:y:2011:i:2:p:555-583
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    File URL: http://hdl.handle.net/10.1093/icc/dtr001
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    Cited by:

    1. Ritter-Hayashi, Daniela & Knoben, Joris & Vermeulen, Patrick A.M., 2021. "Temporary employment: Curse or blessing for a firm's absorptive capacity?," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    2. Larisa Smirnykh, 2016. "Is Flexible Labor Good for Innovation? Evidence from Russian Firm-level Data," Foresight-Russia Форсайт, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 10(4 (eng)), pages 60-70.
    3. Tavassoli, Sam & Karlsson, Charlie, 2015. "Persistence of various types of innovation analyzed and explained," Research Policy, Elsevier, vol. 44(10), pages 1887-1901.
    4. Caloghirou, Yannis & Giotopoulos, Ioannis & Kontolaimou, Alexandra & Korra, Efthymia & Tsakanikas, Aggelos, 2021. "Industry-university knowledge flows and product innovation: How do knowledge stocks and crisis matter?," Research Policy, Elsevier, vol. 50(3).
    5. Zihanxin Li & Guilong Zhu, 2021. "Knowledge Transfer Performance of Industry-University-Research Institute Collaboration in China: The Moderating Effect of Partner Difference," Sustainability, MDPI, vol. 13(23), pages 1-22, November.
    6. Protogerou, Aimilia & Caloghirou, Yannis & Vonortas, Nicholas S., 2017. "Determinants of young firms’ innovative performance: Empirical evidence from Europe," Research Policy, Elsevier, vol. 46(7), pages 1312-1326.
    7. Muhammad Zeeshan Younas, 2023. "Regional institutional quality and firm-level innovation: a case of selected south asian economies," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(1), pages 615-643, February.
    8. Zafer Sonmez, 2018. "Interregional inventor collaboration and the commercial value of patented inventions: evidence from the US biotechnology industry," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 61(2), pages 399-438, September.
    9. Chojnacki, Piotr & Kijek, Tomasz, 2014. "R&D Expenditures And Market Value Of Biotechnology Firms," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2014(6).
    10. Barge-Gil, Andres & D'Este, Pablo & Herrera, Liliana, 2018. "Corporate scientists as the triggers of transitions towards firms' exploration research strategies," MPRA Paper 85415, University Library of Munich, Germany.
    11. Patel, Pankaj C. & Tsionas, Mike G., 2022. "Cultural interconnectedness in supply chain networks and change in performance: An internal efficiency perspective," International Journal of Production Economics, Elsevier, vol. 243(C).
    12. Hernández, Virginia & Nieto, María Jesús, 2016. "Inward–outward connections and their impact on firm growth," International Business Review, Elsevier, vol. 25(1), pages 296-306.
    13. Shu-Hao Chang, 2017. "The evolutionary growth estimation model of international cooperative patent networks," Scientometrics, Springer;Akadémiai Kiadó, vol. 112(2), pages 711-729, August.
    14. Stephen Roper & James H. Love, 2018. "Knowledge context, learning and innovation: an integrating framework," Industry and Innovation, Taylor & Francis Journals, vol. 25(4), pages 339-364, April.
    15. Medase, Kehinde, 2019. "The Impact of the Heterogeneity of Employees’ Qualifications on Firm-level Innovation Evidence from Nigerian Firms," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203563, Verein für Socialpolitik / German Economic Association.
    16. Alexandra Tsvetkova & Tessa Conroy & Jean-Claude Thill, 2020. "Surviving in a high-tech manufacturing industry: the role of innovative environment and proximity to metropolitan industrial portfolio," International Entrepreneurship and Management Journal, Springer, vol. 16(2), pages 501-527, June.
    17. Chen, Pao-Lien & Tan, Danchi & Jean, Ruey-Jer “Bryan”, 2016. "Foreign knowledge acquisition through inter-firm collaboration and recruitment: Implications for domestic growth of emerging market firms," International Business Review, Elsevier, vol. 25(1), pages 221-232.
    18. Barasa, Laura & Knoben, Joris & Vermeulen, Patrick & Kimuyu, Peter & Kinyanjui, Bethuel, 2017. "Institutions, resources and innovation in East Africa: A firm level approach," Research Policy, Elsevier, vol. 46(1), pages 280-291.
    19. Bourke, Jane & Roper, Stephen, 2016. "AMT adoption and innovation: An investigation of dynamic and complementary effects," Technovation, Elsevier, vol. 55, pages 42-55.
    20. Daniel Tzabbar & Jeongsik (Jay) Lee & Donghwi (Josh) Seo, 2022. "Collaborative structure and post‐mobility knowledge spillovers: A dyadic approach," Strategic Management Journal, Wiley Blackwell, vol. 43(9), pages 1728-1762, September.

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