Absorptive capacity, innovation, and financial performance

Konstantinos Kostopoulos, Alexandros Papalexandris, Margarita Papachroni and George Ioannou

Journal of Business Research, 2011, vol. 64, issue 12, 1335-1343

Abstract: This study here examines the role of absorptive capacity as both a mechanism to identify and translate external knowledge inflows into tangible benefits, as well as a means of achieving superior innovation and time-lagged financial performance. Using path analysis in a sample of 461 Greek enterprises participating in the third Community Innovation Survey, this study demonstrates that external knowledge inflows are directly related to absorptive capacity and indirectly related to innovation. Absorptive capacity contributes, directly and indirectly, to innovation and financial performance but in different time spans. This study, therefore, contributes to the understanding of absorptive capacity's antecedents and outcomes by providing empirical evidence of longitudinal form that offers important research and practical implications.

Keywords: Absorptive capacity; Innovation; Financial performance; External knowledge inflows; Time-lagged measures (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (148)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:64:y:2011:i:12:p:1335-1343

DOI: 10.1016/j.jbusres.2010.12.005

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