Template-type: ReDIF-Paper 1.0
Author-Name: Arvanitis, Spyros
Author-Email: arvantis@kof.ethz.ch
Author-Workplace-Name: KOF, ETH Zürich 
Author-Name: Lokshin, Boris
Author-Email: boris.lokshin@maastrichtuniversity.nl
Author-Workplace-Name: School of Business and Economics, Maastricht University
Author-Name: Mohnen, Pierre
Author-Email: mohnen@merit.unu.edu
Author-Workplace-Name: UNU-MERIT/MGSoG
Author-Name: Wörter, Martin
Author-Email: worter@kof.ethz.ch
Author-Workplace-Name: KOF, ETH Zürich
Title: Impact of external knowledge acquisition strategies on innovation -
	 A comparative study based on Dutch and Swiss panel data
Abstract: There is growing evidence that firms increasingly adopt open innovation
	 practices. In this paper we investigate the impact of two such external
	 knowledge acquisition strategies, 'buy' and 'cooperate', on firm's
	 product 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
	 large 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 conditional on doing
	 internal R&D.     
Classification-JEL: O31, O32
Keywords: Innovation, Open innovation, R&D collaboration, make, buy strategies
Series: UNU-MERIT Working Papers
Creation-Date: 2013
Number: 003
File-URL: http://www.merit.unu.edu/publications/wppdf/2013/wp2013-003.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2013003