How a firm's knowledge base influences its external technology sourcing strategy
| Autor: | Christian Gnekpe, Régis Coeurderoy, Louis Mulotte |
|---|---|
| Přispěvatelé: | Research Group: Strategy and Organization, Department of Management |
| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| Předmět: |
alliance
RESEARCH-AND-DEVELOPMENT SAMPLE SELECTION BIAS acquisition ABSORPTIVE-CAPACITY General Business Management and Accounting INNOVATION PERFORMANCE LOCAL SEARCH INTERNAL KNOWLEDGE JOINT VENTURES external technology sourcing Management of Technology and Innovation MODERATING ROLE Patent portfolio PATENT PORTFOLIO DIVERSITY technology diversity scientific orientation |
| Zdroj: | Industry and Innovation, 30(2), 233-262. ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD |
| ISSN: | 1469-8390 1366-2716 |
| Popis: | It is widely accepted in innovation management literature that a firm can increase its competitive advantage by recombining knowledge and that knowledge recombination requires engagement in external sourcing activities. What is less known, however, is how a firm's external sourcing strategy - notably its propensity to engage in acquisitions or alliances - is influenced by its internal knowledge base. In this paper, we examine how two critical characteristics of a firm's knowledge base, namely, scientific orientation and technological diversity, influence the extent to which it engages in alliances or acquisitions. We find that both explanatory variables increase firms' likelihood of engaging in external technology sourcing and favouring alliances over acquisitions. Our analyses are based on a sample of European firms operating in the biopharmaceutical industry. |
| Databáze: | OpenAIRE |
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