Impact of external knowledge acquisition strategies on innovation

Spyros Arvanitis, Boris Lokshin, Pierre Mohnen and Martin Woerter

No 13-325, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

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.

Keywords: Open innovation; R&D collaboration; Make; Buy strategies (search for similar items in EconPapers)
Pages: 26 pages
Date: 2013-01
New Economics Papers: this item is included in nep-cdm, nep-cse, nep-eur, nep-ino, nep-knm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:13-325

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