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

Arvanitis, Spyros ; Lokshin, Boris ; Mohnen, Pierre ; Woerter, Martin

In: Review of Industrial Organization, 2015, vol. 46, no. 4, p. 359-382

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    Titel
    • Impact of External Knowledge Acquisition Strategies on Innovation: A Comparative Study Based on Dutch and Swiss Panel Data
    Autor
    • Arvanitis, Spyros. KOF Swiss Economic Institute, ETH Zurich, 8092, Zurich, Switzerland
    • Lokshin, Boris. Maastricht University, P.O. Box 616, 6200 MD, Maastricht, The Netherlands
    • Mohnen, Pierre. Maastricht University and UNU-MERIT, P.O. Box 616, 6200 MD, Maastricht, The Netherlands
    • Woerter, Martin. KOF Swiss Economic Institute, ETH Zurich, 8092, Zurich, Switzerland
    Dokumententyp
    • Postprint
    Sprache
    • Englisch
    Veröffentlicht in
    • Review of Industrial Organization, 2015, vol. 46, no. 4, p. 359-382. Springer US; http://www.springer-ny.com
    Andere elektronische Ausgabe
    OAI-PMH-ID
    • oai:doc.rero.ch:332415
    Summary
    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.