Connecting the Firm to External Knowledge
Chapter 3: A Comparative Analysis of Open Innovation and the Relation between Research Intensity and Product Innovativeness
3.1 INTRODUCTION In recent years firms have brought about significant change in their innovation management. They used to invest heavily in specialised in-house R&D departments to bring about innovation. This model has recently ceded ground to a more ‘open’ innovation model, in which the research strategies of innovative firms increasingly rely on external knowledge. This encourages active external information sourcing and, in particular, research cooperation, and implies a profound reorganisation of the research process with a view to internalising external ideas (Chesbrough and Rosenbloom, 2002; Chesbrough, 2003a; Chesbrough and Crowther, 2006; Huston and Sakkab, 2006). Open innovation also implies a changing attitude to the appropriability of new ideas, since this may occur not only through product innovation, but through their sale in disembodied form, through licensing, trademarks, and so on. It might, therefore, be of great interest to us to reconsider the relation between research intensity and product innovativeness. Since 2000 a new, econometric literature has improved our understanding of the relationship between innovation and firm performance by estimating structural models to explain both the input and output stages of the innovation process, as well as its impact on productivity or turnover and employment growth (see, especially, the influential studies by Crépon et al., 1998; Lööf and Heshmati, 2002, 2006; Klomp and Van Leeuwen, 2001; Van Leeuwen and Klomp, 2006; and Griffith et al., 2006). It also pays due attention to the problems of endogeneity and sample selection, which have hampered earlier work. 65 66 Firms react...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.