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

  • Arvanitis, Spyros


    (KOF, ETH Zürich)

  • Lokshin, Boris


    (School of Business and Economics, Maastricht University)

  • Mohnen, Pierre



  • Wörter, Martin


    (KOF, ETH Zürich)

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 United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) in its series MERIT Working Papers with number 003.

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Date of creation: 2013
Date of revision:
Handle: RePEc:unm:unumer:2013003
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  3. Marco Ceccagnoli & Matthew J. Higgins & Vincenzo Palermo, 2013. "Behind the Scenes: Sources of Complementarity in R&D," NBER Working Papers 18795, National Bureau of Economic Research, Inc.
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  18. Martin Carree & Boris Lokshin & René Belderbos, 2011. "A note on testing for complementarity and substitutability in the case of multiple practices," Journal of Productivity Analysis, Springer, vol. 35(3), pages 263-269, June.
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