Is firm-specific innovation associated with greater value appropriation? The roles of environmental dynamism and technological diversity

被引：101

作者：

Wang, Heli ^{[1
]}

Chen, Wei-Ru ^{[2
]}

机构：

[1] Hong Kong Univ Sci & Technol, Sch Business & Management, Dept Management, Kowloon, Hong Kong, Peoples R China

[2] INSEAD, Singapore 138676, Singapore

来源：

RESEARCH POLICY | 2010年 / 39卷 / 01期

关键词：

Firm specificity; Technological innovation; Value appropriation; Environmental dynamism; Technological diversity; RESOURCE-BASED VIEW; R-AND-D; USEFUL PERSPECTIVE; LOCAL SEARCH; REAL OPTIONS; MARKET VALUE; APPROPRIABILITY; CAPABILITIES; PERFORMANCE; INTEGRATION;

D O I：

10.1016/j.respol.2009.09.015

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper extends the resource-based theory of the firm to examine the contingencies that either intensify or reduce the relationship between firm-specific innovation and value appropriation. Based on a large-scale analysis of a sample of US manufacturing firms, we found that greater innovation rents appropriation is associated with an increase in firm specificity of its innovative knowledge. But the positive relationship between firm-specific innovations and firm value appropriation tends to decrease when the product or technology market is highly dynamic. Further, under high environmental dynamism, firms should increase the diversity in their knowledge composition in order to mitigate the risk of value erosion associated with firm-specific innovations. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：141 / 154

页数：14

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