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

Arvanitis, Spyros, Lokshin, Boris, Mohnen, Pierre and Wörter, Martin (2013). Impact of external knowledge acquisition strategies on innovation - A comparative study based on Dutch and Swiss panel data. UNU-MERIT.

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  • Author Arvanitis, Spyros
    Lokshin, Boris
    Mohnen, Pierre
    Wörter, Martin
    Title Impact of external knowledge acquisition strategies on innovation - A comparative study based on Dutch and Swiss panel data
    Publication Date 2013
    Publisher UNU-MERIT
    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. JEL-codes: O31, O32
    Keyword Open innovation
    R&D development collaboration
    Make
    Buy strategies
    Copyright Holder UNU-MERIT
    Copyright Year 2013
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    Created: Wed, 11 Dec 2013, 17:14:34 JST