Impact of External Knowledge Acquisition Strategies on Innovation: A Comparative Study Based on Dutch and Swiss Panel Data

Spyros Arvanitis, Boris Lokshin, Pierre Mohnen and Martin Woerter

Review of Industrial Organization, 2015, vol. 46, issue 4, 359-382

Abstract: In this paper we empirically investigate the impact of two external knowledge acquisition strategies—‘buy’ and ‘cooperate’—on firm’s innovation performance. Taking a direct (productivity) approach, we test for complementarity effects in the simultaneous use of the two strategies, and in the intensity of their use. Our results—based on panels of Dutch and Swiss innovating firms—suggest that while both ‘buy’ and ‘cooperate’ have a positive effect on innovation, there is little statistical evidence that using them simultaneously leads to higher innovation performance. Results from the Dutch sample provide some indication that there are positive economies of scope in doing external and cooperative R&D simultaneously. Copyright Springer Science+Business Media New York 2015

Keywords: Open innovation; R&D collaboration; Make and buy strategies; O31; O32 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11151-015-9450-7 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:revind:v:46:y:2015:i:4:p:359-382

Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11151/PS2

DOI: 10.1007/s11151-015-9450-7

Access Statistics for this article

Review of Industrial Organization is currently edited by L.J. White

More articles in Review of Industrial Organization from Springer, The Industrial Organization Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().