Innovation strategies in the presence of technology markets: evidence from Spanish innovative firms

Anna Arbussà () and Germà Coenders ()

No 15, Working Papers of the Department of Economics, University of Girona from Department of Economics, University of Girona

Abstract: The development of markets for technology has eased the acquisition of technology and reshaped the innovation strategies of firms that we classify as producers of innovations or as imitators. Innovative activities of firms include research, acquisition of technology and downstream activities. Within an industry, firms producing innovations tend to conduct more research and downstream activities than those imitating innovations. Acquisition of technology is equally important for both. To implement innovation strategies, firms producing innovations require both the capability to scan the external environment for technology and the capability to integrate new technology. Firms producing innovations require both, while firms imitating innovations require scan capabilities only.

Keywords: Innovation; R&D; technology acquisition; appropriability; absorptive capacity (search for similar items in EconPapers)
JEL-codes: L22 O32 (search for similar items in EconPapers)
Date: 2005-07
New Economics Papers: this item is included in nep-com and nep-ino
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