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Exploration or Exploitation of Knowledge from Universities

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Abstract

In a first step, we developed based on existing theoretical and empirical literature a series of hypotheses with respect to the relative importance of possible determinants of exploration and exploitation of knowledge in collaboration with universities and tested them on Swiss firm data. In a second step, we investigated the impact on innovation performance of knowledge exploration versus knowledge exploitation. We obtained a clear pattern of the differences between 'exploration'-oriented and 'exploitation'-oriented firms. We found that explorationoriented firms have a greater knowledge absorptive capacity, are technologically more diverse, and they are less exposed to intensive price competition compared to exploitationoriented firms. We further found a positive effect on innovation performance for explorationoriented firms but not for those that were exploration-oriented.

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  • Spyros Arvanitis & Martin Woerter, 2012. "Exploration or Exploitation of Knowledge from Universities," KOF Working papers 12-322, KOF Swiss Economic Institute, ETH Zurich.
  • Handle: RePEc:kof:wpskof:12-322
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    File URL: http://dx.doi.org/10.3929/ethz-a-007574377
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