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Review of Industrial OrganizationVolume 46, Issue 4, 1 June 2015, Pages 359-382

Impact of External Knowledge Acquisition Strategies on Innovation: A Comparative Study Based on Dutch and Swiss Panel Data(Article)(Open Access)

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  • aKOF Swiss Economic Institute, ETH Zurich, Zurich, 8092, Switzerland
  • bMaastricht University, P.O. Box 616, Maastricht, 6200 MD, Netherlands
  • cMaastricht University and UNU-MERIT, P.O. Box 616, Maastricht, 6200 MD, Netherlands

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. © 2015, Springer Science+Business Media New York.

Author keywords

Make and buy strategiesOpen innovationR&D collaboration
  • ISSN: 0889938X
  • Source Type: Journal
  • Original language: English
  • DOI: 10.1007/s11151-015-9450-7
  • Document Type: Article
  • Publisher: Kluwer Academic Publishers

  Arvanitis, S.; KOF Swiss Economic Institute, ETH Zurich, Zurich, Switzerland
© Copyright 2016 Elsevier B.V., All rights reserved.

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