In-house versus External Basic Research and First-to-market Innovations
Dolores Añón Higón
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Dolores Añón Higón: Departamento de Economía Aplicada II, Universitat de València
No 1601, Working Papers from Department of Applied Economics II, Universidad de Valencia
This paper explores to what extent conducting internal basic research, as opposed to external basic research (i.e. outsourcing and collaboration with universities) encourages firms to bring new products into the market ahead of competitors, and contributes to innovation performance. The analysis is based on a sample of Spanish manufacturing firms over the period 2006-2012. Our findings suggest that conducting in-house basic research affects firm’s propensity to introduce product novelties. Furthermore, performing this activity continuously affects the probability of being product-pioneer in low and medium-low tech sectors. Collaboration with universities also helps in introducing new products ahead of competitors, but contracting scientific research from universities does not lead to a pioneer strategy
Keywords: basic research; in-house; outsourcing; collaboration; pioneer; imitation (search for similar items in EconPapers)
JEL-codes: D22 L21 O32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-eur, nep-ino, nep-lma and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:eec:wpaper:1601
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