Affordable Access

Absorptive capacity and the search for innovation

Authors
Journal
Research Policy
0048-7333
Publisher
Elsevier
Publication Date
Volume
38
Issue
2
Identifiers
DOI: 10.1016/j.respol.2008.10.023
Keywords
  • Absorptive Capacity
  • Innovation
  • Pharmaceutical And Biotechnology
  • University Research
Disciplines
  • Pharmacology

Abstract

Abstract This paper examines the link between a firm's absorptive capacity-building activities and the search process for innovation. We propose that the enhanced access to university research enjoyed by firms that engage in basic research and collaborate with university scientists leads to superior search for new inventions and provides advantage in terms of both the timing and quality of search outcomes. Results based on a panel data of pharmaceutical and biotechnology firms support these contentions and suggest that the two research activities are mutually beneficial, but also uncover intriguing differences that suggest differing roles of internally and externally developed knowledge.

There are no comments yet on this publication. Be the first to share your thoughts.