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

S. Arvanitis, B. Lokshin, P. Mohnen, M. Woerter

Research output: Contribution to journalArticleAcademicpeer-review

6 Citations (Scopus)

Abstract

In this paper we empirically investigate the impact of two external knowledge acquisition strategies-'buy' and 'cooperate'aEuro"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.
Original languageEnglish
Pages (from-to)359-382
Number of pages24
JournalReview of Industrial Organization
Volume46
Issue number4
DOIs
Publication statusPublished - Jun 2015

Keywords

  • Open innovation
  • R&D collaboration
  • Make and buy strategies
  • RESEARCH-AND-DEVELOPMENT
  • DEVELOPMENT COOPERATION
  • TECHNOLOGY-TRANSFER
  • COMPLEMENTARITY

Cite this

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Impact of external knowledge acquisition strategies on innovation: A comparative study based on Dutch and Swiss panel data. / Arvanitis, S.; Lokshin, B.; Mohnen, P.; Woerter, M.

In: Review of Industrial Organization, Vol. 46, No. 4, 06.2015, p. 359-382.

Research output: Contribution to journalArticleAcademicpeer-review

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AU - Arvanitis, S.

AU - Lokshin, B.

AU - Mohnen, P.

AU - Woerter, M.

PY - 2015/6

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AB - In this paper we empirically investigate the impact of two external knowledge acquisition strategies-'buy' and 'cooperate'aEuro"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.

KW - Open innovation

KW - R&D collaboration

KW - Make and buy strategies

KW - RESEARCH-AND-DEVELOPMENT

KW - DEVELOPMENT COOPERATION

KW - TECHNOLOGY-TRANSFER

KW - COMPLEMENTARITY

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