What Makes Foreign Knowledge Attractive to Domestic Innovation Managers?


Sofka, Wolfgang


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URL: http://ub-madoc.bib.uni-mannheim.de/1650
URN: urn:nbn:de:bsz:180-madoc-16505
Document Type: Working paper
Year of publication: 2007
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: F23 O31 O32 ,
Subject headings (SWD): Industrieforschung , Know-how-Transfer , Innovationsmanagement , Entscheidung bei Unsicherheit , Globalisierung , Deutschland
Keywords (English): Globalization , sensing , innovation impulses , conjoint analysis
Abstract: This study focuses on the early stages of international innovation activities, i.e. the organizational processes through which promising ideas from around the globe are collected and evaluated. We ask: What characteristics make foreign knowledge interesting to domestic R&D managers? We envision this process as a balancing act between direct transaction costs for communication and coordination and indirect transaction costs from overlooking or misinterpreting important global trends. These hypotheses are tested through a conjoint analysis among 158 heads of R&D departments of German high-tech firms. We find that uncertainty avoidance is the most important driver. Radically new ideas from dynamic markets are most attractive and must not be overlooked. Complementarities with existing knowledge stocks and low language barriers are also important but to a lesser degree. Interestingly, we find no distinction between market and technological impulses.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Sofka, Wolfgang (2007) What Makes Foreign Knowledge Attractive to Domestic Innovation Managers? Open Access [Working paper]
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