Skills and Expertise
Research Items (3)
- Nov 2018
The aims of this paper are to identify the main determinants of the innovation output indicators (product, process, organization, marketing, products new to the firm, and products new to the market) of Spanish knowledge-intensive service (KIS) firms, to compare them with those of other categories of non-knowledge-intensive service (NoKIS) firms and manufacturing firms, and to analyze their evolution over the period 2004–2012, that is, immediately before and after the 2008 crisis. We used PITEC panel micro data, selecting and grouping firms into four categories according to their sector of activity and their intensity in use of technology and knowledge. The empirical results of our study confirm that the main determinants of innovation output are the following: cooperation with other partners to innovate, R&D intensity, and the size of the firm. These determinants are relevant not only for KIS firms but also for all the other categories. However, the influence of cooperation is more important for KIS firms for all of the innovation output indicators except for process innovation. Finally, with respect to the evolution of the main determinants over the period under study, the results show that they were not really affected by the crisis. Although all of the indicators for innovation output show clear influences of the economic cycle, the main determinants are not only the same, but their influence remains basically stable throughout the period.
- Jul 2016
This paper examines the performance implications of efforts in absorptive capacity development for new ventures, companies in their eight first years of existence. We distinguish between corporate ventures (CVs) and ventures created by independent entrepreneurs (IVs) and explore the extent to which they vary in: (1) the emphasis on building different absorptive capacity dimensions and (2) their performance gains from absorptive capacity dimensions. Using data from 140 new ventures, our results show that CVs emphasize potential absorptive capacity (combining external knowledge acquisition and assimilation) more than IVs. Conversely, IVs focus more on exploiting external knowledge. We also find that efforts in activating realized absorptive capacity (combining external knowledge transformation and exploitation) have a negative effect on the performance of new ventures that is stronger for CVs than IVs. Yet, this negative effect of realized absorptive capacity on new venture performance is mitigated when combined with efforts in potential absorptive capacity in the case of CVs. The implications of our study for research into the multidimensional nature of absorptive capacity and the dynamic capabilities approach are discussed.