The impact of digital and non-digital knowledge search channels on innovation failure in constrained learning environments

Nebojsa Stojcic and Chidlow, Agnieszka (Aggie)

Technological Forecasting and Social Change, 2024, vol. 209, issue C

Abstract: We investigate the impact of digital and non-digital knowledge search channels on the likelihood of innovation failure among knowledge-creating, knowledge-using and non-innovative firms in emerging innovation systems. Our results show that digital search channels reduce the risk of innovation failure exclusively for knowledge-creating firms, emphasising the importance of internal capabilities in knowledge absorption. These channels allow firms to overcome the limitations of local markets and access distant knowledge resources more cost-effectively. The study extends the literature on innovation failure by emphasising the role of Internet-based technologies in facilitating the flow of knowledge between firms and their external environment. It improves our understanding of how context influences innovation outcomes and provides evidence-based insights for the development of innovation strategies, especially in environments where learning opportunities are scarce and the shift towards innovation-driven competitiveness is a priority on the policy agenda.

Keywords: Innovation failure; Knowledge use; Knowledge creation; Knowledge acquisition; Digital technologies (search for similar items in EconPapers)
JEL-codes: D83 O32 O36 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:209:y:2024:i:c:s0040162524006139

DOI: 10.1016/j.techfore.2024.123815

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