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Impact of external knowledge acquisition strategies on innovation – A comparative study based on Dutch and Swiss panel data

There is growing evidence that firms increasingly adopt open innovation practices. In this paper we investigate the impact of two such external knowledge acquisition strategies, ‘buy’ and ‘cooperate’, on firm’s product innovation performance. Taking a direct (productivity) approach, we test for complementarity effects in the simultaneous use of the two strategies, and in the intensity of their use. Our results based on large panels of Dutch and Swiss innovating firms, suggest that while both ‘buy’ and ‘cooperate’ have a positive effect on innovation, there is little statistical evidence that using them simultaneously leads to higher innovation performance. Results from the Dutch sample provide some indication, that there are positive economies of scope in doing external and cooperative R&D simultaneously conditional on doing internal R&D.

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Paper provided by KOF Swiss Economic Institute, ETH Zurich in its series KOF Working papers with number 13-325.

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Length: 26 pages
Date of creation: Jan 2013
Date of revision:
Handle: RePEc:kof:wpskof:13-325
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  7. Carree, Martin & Lokshin, Boris & Belderbos, René, 2010. "A note on testing for complementarity and substitutability in the case of multiple practices," MERIT Working Papers 056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
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  10. Grimpe, Christoph & Hussinger, Katrin, 2008. "Formal and Informal Technology Transfer from Academia to Industry: Complementarity Effects and Innovation Performance," ZEW Discussion Papers 08-080, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  11. Carine Peeters & Bruno Pottelsberghe de la Potterie, 2006. "Innovation strategy and the patenting behavior of firms," Journal of Evolutionary Economics, Springer, vol. 16(1), pages 109-135, April.
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  15. Christoph Grimpe & Katrin Hussinger, 2013. "Formal and Informal Knowledge and Technology Transfer from Academia to Industry: Complementarity Effects and Innovation Performance," Industry and Innovation, Taylor & Francis Journals, vol. 20(8), pages 683-700, November.
  16. Milgrom, Paul & Roberts, John, 1990. "The Economics of Modern Manufacturing: Technology, Strategy, and Organization," American Economic Review, American Economic Association, vol. 80(3), pages 511-28, June.
  17. Beneito, Pilar, 2006. "The innovative performance of in-house and contracted R&D in terms of patents and utility models," Research Policy, Elsevier, vol. 35(4), pages 502-517, May.
  18. Belderbos, Rene & Carree, Martin & Lokshin, Boris, 2004. "Cooperative R&D and firm performance," Research Policy, Elsevier, vol. 33(10), pages 1477-1492, December.
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  23. Eugenio J. Miravete & Jos� C. Pern�As, 2006. "INNOVATION COMPLEMENTARITY AND SCALE OF PRODUCTION -super-* ," Journal of Industrial Economics, Wiley Blackwell, vol. 54(1), pages 1-29, 03.
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