Template-type: ReDif-Paper 1.0
Author-Name: Arvanitis, S.
Author-workplace-name: KOF, ETH Zürich
Author-Name: Lokshin, B.
Author-Email: b.lokshin@maastrichtuniversity.nl
Author-workplace-name: Organisation and Strategy
Author-Name: Mohnen, P.
Author-Email: p.mohnen@maastrichtuniversity.nl
Author-workplace-name: Quantitative Economics
Author-Name: Wörter, M.
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: Open innovation, R&D collaboration, make, buy strategies
Series: UNU-MERIT Working Paper Series
Creation-Date:20130101
Number: 2013-003
File-URL: https://unu-merit.nl/publications/wppdf/2013/wp2013-003.pdf
File-Format: application/pdf
File-Size: 197kb
Handle: Repec:unm:unumer:2013003