The interaction effect of absorptive capacity and partner types on product innovation in SMEs

Soohyun Park, Seung-Pyo Jun, Chul Lee and Hyoung Sun Yoo

Knowledge Management Research & Practice, 2024, vol. 22, issue 4, 418-429

Abstract: This paper aims to examine the relationship between absorptive capacity (ACAP) of small and medium-sized enterprises (SMEs) and their external partner types for successful product innovation. There has been little empirical research regarding the synergy between SMEs’ internal capabilities and partner types in collaborative R&D projects. We developed and tested an integrated model from the knowledge- and resource-based views to explain the substantial disparities in payoff of collaborative R&D projects that exist between firms. Our study of 2,360 government-funded R&D projects in South Korea found that the direct effect of ACAP and interactions with science-based partners had a positive effect on product innovation success, whereas interactions with market-based partners had no significant effect. Our findings provide meaningful evidence for SMEs and policymakers who have to decide between R&D partners for their innovation strategy.

Date: 2024
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DOI: 10.1080/14778238.2023.2261891

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