Abstract
This study examines the impact that the two types of knowledge assets - technological knowledge and skills-related knowledge - have on the link between inter-firm collaboration (IFC) and product innovation performance, measured by the sales share of new-to-market products. Drawing on transaction cost economics (TCE), we propose that the relation specificity of these knowledge assets that a firm shares with its partners (reflecting its level of research and development (R&D) and training investments, respectively) is a key determinant of the benefits and transaction costs associated with IFC. Using a two-wave panel of 480 innovating firms in the Australian state of Tasmania, we find that the observed positive association between IFC and the sales share of new-to-market products declines at high levels of R&D and training intensities. Our findings help strengthen an understanding of the role of transaction costs for relation-specific knowledge assets and the factors that could influence the value of IFC as a pathway to enhanced innovation performance for new-to-market products.
| Original language | English |
|---|---|
| Article number | 1650050 |
| Number of pages | 22 |
| Journal | International Journal of Innovation Management |
| Volume | 20 |
| Issue number | 6 |
| Early online date | 2016 |
| DOIs | |
| Publication status | Published - Aug 2016 |
JEL classifications
- o32 - Management of Technological Innovation and R&D
Keywords
- innovation performance
- Inter-firm collaboration
- new-to-market products
- skills-related knowledge
- technological knowledge
- transaction cost economics
- IMPACT
- MANAGEMENT
- ENTRY
- COMPETITION
- COOPERATION
- FIRM
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In: International Journal of Innovation Management, Vol. 20, No. 6, 1650050, 08.2016.
Research output: Contribution to journal › Article › Academic › peer-review
TY - JOUR
T1 - Inter-firm collaboration and innovation performance for new-to-market products
T2 - The moderating role of technological and skills-related knowledge assets
AU - Torugsa, N.
AU - Arundel, A.
AU - O'Donohue, W.
N1 - Export Date: 8 December 2016 Correspondence Address: Torugsa, N.; Australian Innovation Research Centre, University of Tasmania, Private Bag 108, Australia; email: Nuttaneeya.Torugsa@utas.edu.au References: Agarwal, S., Ramaswami, S.N., Choice of foreign market entry mode: Impact of ownership, location, and internalization factors (1992) Journal of International Business Studies, 23 (1), pp. 1-27; Agmon, T., Von Glinow, M., (1991) Technology Transfer in International Business, , New York: Oxford University Press; Ahuja, G., The duality of collaboration: Inducements, and opportunities in the formation of interfirm linkages (2000) Strategic Management Journal, 21 (3), pp. 317-343; Anderson, E., Gatignon, H., Modes of foreign entry: A transaction propositions (1986) Journal of International Business Studies, 17 (3), pp. 1-26; Armstrong, J.C., Illusions in regression analysis (2012) International Journal of Forecasting, 28 (3), pp. 689-694; Ashton, D., Green, F., (1996) Education, Training, and the Global Economy, , Cheltenham: Edward Elgar; Battisti, G., Stoneman, P., How innovative are UK firms?. 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PY - 2016/8
Y1 - 2016/8
N2 - This study examines the impact that the two types of knowledge assets - technological knowledge and skills-related knowledge - have on the link between inter-firm collaboration (IFC) and product innovation performance, measured by the sales share of new-to-market products. Drawing on transaction cost economics (TCE), we propose that the relation specificity of these knowledge assets that a firm shares with its partners (reflecting its level of research and development (R&D) and training investments, respectively) is a key determinant of the benefits and transaction costs associated with IFC. Using a two-wave panel of 480 innovating firms in the Australian state of Tasmania, we find that the observed positive association between IFC and the sales share of new-to-market products declines at high levels of R&D and training intensities. Our findings help strengthen an understanding of the role of transaction costs for relation-specific knowledge assets and the factors that could influence the value of IFC as a pathway to enhanced innovation performance for new-to-market products.
AB - This study examines the impact that the two types of knowledge assets - technological knowledge and skills-related knowledge - have on the link between inter-firm collaboration (IFC) and product innovation performance, measured by the sales share of new-to-market products. Drawing on transaction cost economics (TCE), we propose that the relation specificity of these knowledge assets that a firm shares with its partners (reflecting its level of research and development (R&D) and training investments, respectively) is a key determinant of the benefits and transaction costs associated with IFC. Using a two-wave panel of 480 innovating firms in the Australian state of Tasmania, we find that the observed positive association between IFC and the sales share of new-to-market products declines at high levels of R&D and training intensities. Our findings help strengthen an understanding of the role of transaction costs for relation-specific knowledge assets and the factors that could influence the value of IFC as a pathway to enhanced innovation performance for new-to-market products.
KW - innovation performance
KW - Inter-firm collaboration
KW - new-to-market products
KW - skills-related knowledge
KW - technological knowledge
KW - transaction cost economics
KW - IMPACT
KW - MANAGEMENT
KW - ENTRY
KW - COMPETITION
KW - COOPERATION
KW - FIRM
U2 - 10.1142/S136391961650050X
DO - 10.1142/S136391961650050X
M3 - Article
SN - 1363-9196
VL - 20
JO - International Journal of Innovation Management
JF - International Journal of Innovation Management
IS - 6
M1 - 1650050
ER -