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Specialized search and innovation performance : evidence across Europe
Sofka, Wolfgang
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Grimpe, Christoph
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URL:
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http://ub-madoc.bib.uni-mannheim.de/2353
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URN:
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urn:nbn:de:bsz:180-madoc-23539
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Dokumenttyp:
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Arbeitspapier
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Erscheinungsjahr:
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2009
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Titel einer Zeitschrift oder einer Reihe:
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None
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Sprache der Veröffentlichung:
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Englisch
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Einrichtung:
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Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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MADOC-Schriftenreihe:
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Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
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Fachgebiet:
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330 Wirtschaft
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Fachklassifikation:
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JEL:
L60 O32 ,
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Normierte Schlagwörter (SWD):
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Europäische Union , Innovation , Open Source , Informationsverhalten , Innovationsmanagement , Spill-over-Effekt , Suchtheorie
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Freie Schlagwörter (Englisch):
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Open innovation , search strategies , innovation management
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Abstract:
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Searching for external knowledge has frequently been characterized as crucial for firm success. However, little is known about how the direction of search strategies influences innovation performance. In this paper, we argue that firms need to specialize their search strategy and that its effectiveness is moderated by R&D investments and potential knowledge spillovers from a firm's environment. Based on a sample of more than 5,000 firms from five European countries, our results show that being open for innovation generally pays off. However, both moderating factors have a crucial role to play: On the one hand, in-house R&D investments are most effective when combined with a market-oriented search strategy. On the other hand, a technologically advanced environment requires firms to reach out to scientific knowledge sources in order to access novel knowledge and to enhance innovation performance. We develop targeted management recommendations based on these results.
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Zusätzliche Informationen:
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 | Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt. |
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