The effect of technological knowledge assets on performance: The innovative choice in Spanish firms

Diaz-Di­az, Nieves Lidia, Aguiar-Di­az, Inmaculada and De Saá-Pérez, Petra

Research Policy, 2008, vol. 37, issue 9, pages 1515-1529

Abstract: The aim of this article is to examine the relationship between Technological Knowledge Assets (TKAs) and performance, in the light of making the 'innovative choice' that involves short-term costs of acquiring or generating the assets but aims at longer term benefits through innovation. To that end, a study of 1267 industrial firms in Spain was carried out over a period of 5 years, 1998-2002. The results show that TKAs have a positive indirect effect on financial performance mediated through innovation. They also reveal that TKAs have a negative direct effect on performance, except licences. Thus, the combined effect of TKAs on performance urges the need for innovation to obtain a positive payoff.

Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:eee:respol:v:37:y:2008:i:9:p:1515-1529

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