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External knowledge sourcing: science, market and the value of patented inventions

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  • Cédric Schneider

    (Department of Economics, Copenhagen Business School, Frederiksberg, Denmark)

Abstract

This paper analyzes the choice between alternative sources of knowledge in patented inventions. Inventors can use scientific and|or market-oriented sources of knowledge. We formally test whether these two types of knowledge acquisition are complementary or substitutable in the value of patented inventions. The results suggest that simultaneous exploitation of different knowledge inputs is 'subadditive' since inventors would have to manage assimilation and integration of disparate items of external knowledge stemming from distant technological contexts. Copyright © 2009 John Wiley & Sons, Ltd.

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  • Cédric Schneider, 2009. "External knowledge sourcing: science, market and the value of patented inventions," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(8), pages 551-560.
    • Handle: RePEc:wly:mgtdec:v:30:y:2009:i:8:p:551-560
    DOI: 10.1002/mde.1474
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    1. Alessandra Scandura, 2013. "The role of scientific and market knowledge in the inventive process: evidence from a survey of industrial inventors," ERSA conference papers ersa13p128, European Regional Science Association.
    2. Chen, Jian-xun & Zhang, Bo & Zhan, Wu & Sharma, Piyush & Budhwar, Pawan & Tan, Hui, 2022. "Demystifying the non-linear effect of high commitment work systems (HCWS) on firms’ strategic intention of exploratory innovation: An extended resource-based view," Technovation, Elsevier, vol. 116(C).
    3. Claudio Giachetti & Carlo Bagnoli, 2015. "The effect of openness to external knowledge sources for innovation on smes? financial performance," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2015(4), pages 65-86.
    4. Alessandra Scandura, 2019. "The role of scientific and market knowledge in the inventive process: evidence from a survey of industrial inventors," The Journal of Technology Transfer, Springer, vol. 44(4), pages 1029-1069, August.

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