INTER-FIRM COLLABORATION AND INNOVATION PERFORMANCE FOR NEW-TO-MARKET PRODUCTS — THE MODERATING ROLE OF TECHNOLOGICAL AND SKILLS-RELATED KNOWLEDGE ASSETS

Nuttaneeya Ann Torugsa, Anthony Arundel and Wayne O’donohue ()
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Nuttaneeya Ann Torugsa: Australian Innovation Research Centre, University of Tasmania, Private Bag 108, Hobart, Tasmania 7001, Australia
Anthony Arundel: Australian Innovation Research Centre, University of Tasmania, Private Bag 108, Hobart, Tasmania 7001, Australia†UNU-MERIT, University of Maastricht, Keizer Karelplein 19, 6211 TC, Maastricht, The Netherlands
Wayne O’donohue: #x2021;Department of Employment Relations and Human Resources, Griffith University, Gold Coast Campus, Queensland 4222, Australia

International Journal of Innovation Management (ijim), 2016, vol. 20, issue 06, 1-22

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.

Keywords: Inter-firm collaboration; innovation performance; new-to-market products; technological knowledge; skills-related knowledge; transaction cost economics (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S136391961650050X

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