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

Author

Listed:
  • Arvanitis, S.

    (KOF, ETH Zürich)

  • Lokshin, B.

    () (Organisation and Strategy)

  • Mohnen, P.

    () (Quantitative Economics)

  • Wörter, M.

    (KOF, ETH Zürich)

Abstract

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.

Suggested Citation

  • Arvanitis, S. & Lokshin, B. & Mohnen, P. & Wörter, M., 2013. "Impact of external knowledge acquisition strategies on innovation: a comparative study based on Dutch and Swiss panel data," MERIT Working Papers 003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  • Handle: RePEc:unm:unumer:2013003
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Damián Tojeiro-Rivero & Rosina Moreno & Erika Badillo, 2016. "“Breakthrough innovations: The impact of foreign acquisition of knowledge”," AQR Working Papers 201610, University of Barcelona, Regional Quantitative Analysis Group, revised Nov 2016.
    2. Erika Raquel Badillo & Rosina Moreno, 2016. "“Technological cooperation in Spanish firms”," AQR Working Papers 201601, University of Barcelona, Regional Quantitative Analysis Group, revised Jan 2016.
    3. Samia Nour, 2014. "The Importance (Impacts) of Knowledge at the Macro–Micro Levels in the Arab Gulf Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(3), pages 521-537, September.
    4. Karbowski, Adam, 2016. "Współpraca badawczo-rozwojowa przedsiębiorstw: przegląd prac empirycznych
      [R&D Cooperation of Firms: Empirical literature review]
      ," MPRA Paper 77698, University Library of Munich, Germany.
    5. Spyros Arvanitis & Florian Seliger, 2014. "Imitation versus innovation," KOF Working papers 14-367, KOF Swiss Economic Institute, ETH Zurich.
    6. Erika Raquel Badillo & Rosina Moreno, 2014. "“Does absorptive capacity determine collaborative research returns to innovation? A geographical dimension”," IREA Working Papers 201428, University of Barcelona, Research Institute of Applied Economics, revised Nov 2014.
    7. Grimpe, Christoph & Sofka, Wolfgang, 2016. "Complementarities in the search for innovation—Managing markets and relationships," Research Policy, Elsevier, vol. 45(10), pages 2036-2053.
    8. Erika & Rosina, 2016. "“Technological cooperation in Spanish firms”," IREA Working Papers 201601, University of Barcelona, Research Institute of Applied Economics, revised Jan 2016.

    More about this item

    Keywords

    Open innovation; R&D collaboration; make; buy strategies;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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