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  • Inter-Firm Collaboration and Innovation Performance for New-to-Market Products: The Moderating Role of Technological and Skills-Related Knowledge Assets

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    Author(s)
    Torugsa, Nuttaneeya Ann
    Arundel, Anthony
    O'Donohue, Wayne
    Griffith University Author(s)
    O'Donohue, Wayne A.
    Year published
    2016
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    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 (TCE), we propose that the relation specificity of these knowledge assets that a firm shares with its partners (reflecting its level of research and development (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 ...
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    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 (TCE), we propose that the relation specificity of these knowledge assets that a firm shares with its partners (reflecting its level of research and development (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.
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    Journal Title
    International Journal of Innovation Management
    Volume
    20
    Issue
    6
    DOI
    https://doi.org/10.1142/S136391961650050X
    Copyright Statement
    This is the electronic version of an article published in International Journal of Innovation Management (IJIM), Vol. 20, No. 06, 1650050 (2016), https://doi.org/10.1142/S136391961650050X. Copyright World Scientific Publishing Company http://www.worldscinet.com/ijim/
    Subject
    Marketing not elsewhere classified
    Business and Management
    Marketing
    Inter-firm collaboration
    Innovation performance
    New-to-market products
    Technological knowledge
    Skills-related knowledge
    Transaction cost economics
    Publication URI
    http://hdl.handle.net/10072/142698
    Collection
    • Journal articles

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