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Title
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The effect of R&D novelty and openness decision on firms' catch-up performance : empirical evidence from China
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Author
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Abstract
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| This paper explores the strategic dimensions of R&D decisions toward novelty and openness in explaining the performance of latecomer firms in a developing economy. A structural equation model of R&D decision-making is formulated using survey data from 279 Chinese firms. The dimension of R&D novelty is defined as the degree of technological newness found in firms' R&D projects, while R&D openness describes the degree to which technologies are acquired from external sources. Our results indicate that firms' R&D decisions regarding novelty and openness are associated with demand opportunities, market competition, technological capability, and external networks. Greater R&D novelty contributes positively to innovative output but does not affect sales growth. Greater R&D openness contributes positively to sales growth but negatively to innovative output. |
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Language
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English
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Source (journal)
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Technovation / Union Carbide. Chemicals Division. - Calcutta
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Publication
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Calcutta
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2014
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ISSN
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0166-4972
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DOI
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10.1016/J.TECHNOVATION.2013.09.005
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Volume/pages
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34
:1
(2014)
, p. 21-30
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ISI
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000329150900004
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Full text (Publisher's DOI)
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