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

doi:10.1007/s11151-015-9450-7

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

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

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 language	English
Pages (from-to)	359-382
Number of pages	24
Journal	Review of Industrial Organization
Volume	46
Issue number	4
DOIs	https://doi.org/10.1007/s11151-015-9450-7
Publication status	Published - Jun 2015

Keywords

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

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

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.",

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author = "S. Arvanitis and B. Lokshin and P. Mohnen and M. Woerter",

year = "2015",

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doi = "10.1007/s11151-015-9450-7",

language = "English",

volume = "46",

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journal = "Review of Industrial Organization",

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T1 - Impact of external knowledge acquisition strategies on innovation: A comparative study based on Dutch and Swiss panel data

AU - Arvanitis, S.

AU - Lokshin, B.

AU - Mohnen, P.

AU - Woerter, M.

PY - 2015/6

Y1 - 2015/6

N2 - 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.

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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DO - 10.1007/s11151-015-9450-7

M3 - Article

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VL - 46

SP - 359

EP - 382

JO - Review of Industrial Organization

JF - Review of Industrial Organization

IS - 4

ER -

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

Abstract

Keywords

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