Abstract
This paper attempts to investigate the extent to which the existing internal capabilities of firms and their interaction with external sources of knowledge affect their level of innovativeness. Part of these capabilities result from a prolonged process of investment and knowledge accumulation within firms and form what has been addressed as the “absorptive capacity” of firms (Cohen & Levinthal, Admin. Sci Q., 35 (1990) 128). There are however other efforts that enhance the “original” definition of absorptive capacity and these relate to the way firms interact with their environment. Empirical data from an extensive survey that was carried out in seven European countries, namely Greece, Italy, Denmark, UK, France, Germany and the Netherlands, provides evidence for studying the relative effectiveness of specific mechanisms of knowledge creation and knowledge transfer. The results show that both internal capabilities and openness towards knowledge sharing are important for upgrading innovative performance.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.