Impact of External Knowledge Acquisition Strategies on Innovation: A Comparative Study Based on Dutch and Swiss Panel Data
Open access
Date
2015-06Type
- Journal Article
Abstract
In this paper we empirically investigate the impact of two external knowledge acquisition strategies—‘buy’ and ‘cooperate’—on firm’s 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 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. Show more
Permanent link
https://doi.org/10.3929/ethz-b-000101028Publication status
publishedExternal links
Journal / series
Review of Industrial OrganizationVolume
Pages / Article No.
Publisher
SpringerSubject
Open innovation; R&D collaboration; Make and buy strategies; O31; O32Organisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
06333 - KOF FB Innovationsökonomik / KOF Innovation Economics
Notes
It was possible to publish this article open access thanks to a Swiss National Licence with the publisher.More
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