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Inter-firm collaboration and innovation performance for new-to-market products: The moderating role of technological and skilled knowledge assets

Citation

Torugsa, N(A) and Arundel, A and O'Donohue, W, Inter-firm collaboration and innovation performance for new-to-market products: The moderating role of technological and skilled knowledge assets, International Journal of Innovation Management, 20, (6) Article 1650050. ISSN 1363-9196 (2016) [Refereed Article]

Copyright Statement

Copyright 2016 World Scientific Publishing Europe Ltd.

DOI: doi:10.1142/S136391961650050X

Abstract

This study examines the impact that the two types of knowledge assets technological knowledge and skills-related knowledge have on the link between inter-firm collaboration (IFC) and product innovation performance, measured by the sales share of new-to-market products. Drawing on Transaction Cost Economics, we propose that the relation specificity of these knowledge assets that a firm shares with its partners (reflecting its level of R&D and training investments respectively) is a key determinant of the benefits and transaction costs associated with IFC. Using a two-wave panel of 480 innovating firms in the Australian state of Tasmania, we find that the observed positive association between IFC and the sales share of new-to-market products declines at high levels of R&D and training intensities. Our findings help strengthen an understanding of the role of transaction costs for relation-specific knowledge assets and the factors that could influence the value of IFC as a pathway to enhanced innovation performance for new-to-market products.

Item Details

Item Type:Refereed Article
Keywords:inter-firm collaboration (IFC), innovation performance, new-to-market products, technological knowledge, skills-related knowledge, transaction cost economics
Research Division:Commerce, Management, Tourism and Services
Research Group:Business and Management
Research Field:Innovation and Technology Management
Objective Division:Economic Framework
Objective Group:Management and Productivity
Objective Field:Technological and Organisational Innovation
Author:Torugsa, N(A) (Dr Ann Torugsa)
Author:Arundel, A (Professor Anthony Arundel)
ID Code:103450
Year Published:2016
Deposited By:Australian Innovation Research Centre
Deposited On:2015-10-10
Last Modified:2017-11-27
Downloads:0

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