Absorptive capacity, exporting activities, innovation openness and innovation performance: A SEM approach towards a unifying framework
Spyros Arvanitis () and
Kostas Tsekouras ()
Technological Forecasting and Social Change, 2018, vol. 132, issue C, 143-155
We develop a unified framework, in which internal knowledge creation capacity and the diversity of innovation openness, as measured by R&D collaboration, rule innovation and exports. Theoretical and empirical links between these major components are identified and measured employing Structural Equation Modelling on a sample of Greek R&D active manufacturing firms. The methodology adopted allows multiple feedback loops in the context of a non-recursive system of equations, which in turn elevates the role of indirect effects. The main empirical finding indicates that firms' absorptive capacity – besides fueling directly innovation – plays a key role in filtering and integrating external knowledge stimuli from R&D collaborations. Although the identified indirect effects are statistically significant, the corresponding direct effects remain dominant.
Keywords: SEM; Endogeneity; Indirect effects; Open innovation strategy; Absorptive capacity; Innovation performance; Export performance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:132:y:2018:i:c:p:143-155
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