This paper characteriz
es the innovation strategy of manufacturing firms and examin
es the relation between the innovation strategy and industry-, firm- and innovation-specific characteristics using Belgian company data from the Eurostat Community Innovation Survey (CIS). In addition to important size effects explaining innovation, we find that high perceived risks and costs and low appropriability of innovations do not discourage innovation, but rather determine how the innovation sourcing strategy is chosen. With r
espect to the determinants of the decision of the innovative firm to produce technology itself (Make) or to source technology externally (Buy), we find that small firms are more likely to r
estrict their innovation strategy to an exclusive make or buy strategy, while large firms are more likely to combine both internal and external knowledge acquisition in their innovation strategy. After controlling for this size effect, compani
es for which internal information is an important source for innovation are l
ess likely to source exclusively, but rather combine internal and external sourc
es of technology. The strength of the appropriation regime and the internal organisational r
esistance to change affect negatively the decision to source exclusively externally.
Publisher: | Elsevier Science |
Language of Publication: | English |
Item Identifier: | S0048-7333(98)00106-1 |
Publication Type: | Article |
ISSN: | 0048-7333 |
Cited by: | - Bayona, Cristina; Garcia-Marco, Teresa; Huerta, Emilio,"Firms' motivations for cooperative R&D: an empirical analysis of Spanish firms"Research Policy2001pp. 1289-1307
j ournals&journal=00487333&issue=v30i0008&article=1289_fmfcraeaosf">Bibliographic Pagejournals&journal=00487333&issue=v30i0008&article=1289_fmfcraeaosf&form=pdf&file=file.pdf">Full TextRoper, Stephen; Love, James H.,"Innovation and export performance: evidence from the UK and German manufacturing plants"Research Policy2002pp. 1087-1102 journals&journal=00487333&issue=v31i0007&article=1087_iaepeftuagmp">Bibliographic Pagejournals&journal=00487333&issue=v31i0007&article=1087_iaepeftuagmp&form=pdf&file=file.pdf">Full TextGil, Y.; Bong, S.; Lee, J.,"Integration model of technology internalization modes and learning strategy: globally late starter Samsung's successful practices in South Korea2"Technovation2003pp. 333-347 journals&journal=01664972&issue=v23i0004&article=333_imotimsspisk">Bibliographic Pagejournals&journal=01664972&issue=v23i0004&article=333_imotimsspisk&form=pdf&file=file.pdf">Full TextGans, Joshua S.; Stern, Scott,"The product market and the market for "ideas": commercialization strategies for technology entrepreneurs"Research Policy2003pp. 333-350 journals&journal=00487333&issue=v32i0002&article=333_tpmatmfcsfte">Bibliographic Pagejournals&journal=00487333&issue=v32i0002&article=333_tpmatmfcsfte&form=pdf&file=file.pdf">Full TextGalende, Jesus; de la Fuente, Juan Manuel,"Internal factors determining a firm's innovative behaviour"Research Policy2003pp. 715-736 journals&journal=00487333&issue=v32i0005&article=715_ifdafib">Bibliographic Pagejournals&journal=00487333&issue=v32i0005&article=715_ifdafib&form=pdf&file=file.pdf">Full Text |
| Footnotes: Tel.: +34-3-542-27-23; Fax: +34-3-542-17-46; E-mail: cassiman@upf.es.A vice president at the CTO office in the Samsung Advanced Institute of Technology.
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