Absorptive capacity, innovation, and financial performance

Κωστόπουλος, Κωνσταντίνος; Papalexandris, Alexandros; Papachroni, Margarita; Ioannou, George

doi:10.1016/j.jbusres.2010.12.005

Cited by 565 publications

(548 citation statements)

References 84 publications

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“…Other findings show that product innovation on business performances. These findings support previous research conducted by Sadigoklu & Zehir, (2010), Kostopoulos et al, (2011) and Murat and Baki. This study has important managerial implications The psychological barriers that prevent employees sharing knowldge and experience can be enhanced through intellectual stimulation of transformational leaders, in this case the leader to be a role model that can be replicated and duplicated by subordinates or employees.…”

Section: Discussionsupporting

confidence: 93%

“…The faster a company introduces a new product or service into the market will improve the company performance. Innovations affect the company's financial performance which is return on assets and return on sales [46]. Product and process innovation has a strong relationship to company performance [47].…”

Section: E Product Innovation and Firm Performance Innovationmentioning

confidence: 99%

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How Intellectual Stimulation Effects Knowledge Sharing, Innovation and Firm Performance

Maulani¹,

Ageng²

2013

IJSSH

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Abstract-The purpose of this paper that determine whether the intellectual stimulation can influence innovation which is mediated by knowledge sharing, and whether innovation can improve a firm's performance . The model tested on the 56 owners of small and medium enterprises (SMEs) in Tegal, Indonesia. Utilizing purposive sampling technique, with the follwing criteria, company has a workforce 5 to 100 people, engaged in the metal and machinery industry, not including to foreign-owned companies. Software analysis techniques PLS (Partial Least Square) are used in this research. The final results indicate that there are positive effects on intellectual stimulation, experiential sharing and explicit knowledge sharing; explicit knowledge sharing has a positive effect on product innovation and product innovation has a positive effect on business performance. While experiential sharing has a positive effect on product innovation, it is not significant, so the hypothesis is rejected. This study has important managerial implications, the psychological barriers that prevent employees sharing knowldge and experience can be enhanced through intellectual stimulation of transformational leaders, in this case the leader to be a role model that can be replicated and duplicated by subordinates or employees.

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Section: Discussionsupporting

confidence: 93%

Section: E Product Innovation and Firm Performance Innovationmentioning

confidence: 99%

How Intellectual Stimulation Effects Knowledge Sharing, Innovation and Firm Performance

Maulani¹,

Ageng²

2013

IJSSH

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“…Further research connecting the use of different types of innovation performance with financial performance (Kostopoulos et al, 2011) (short-versus long-term performance) could estimate the benefits of such a hybrid innovation strategy. In this vein, it would also be interesting to consider different degrees of radicalness in the innovation performance, not only including innovations new to the firm, but also new to the firm's market (Cantner et al, 2011) or new to the world (Atuahene-Gima, 2005;Darroch, 2005).…”

Section: Discussionmentioning

confidence: 99%

Does incremental and radical innovation performance depend on different types of knowledge accumulation capabilities and organizational size?

Forés

Camisón

2016

Journal of Business Research

406

269

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Acknowledgement: The authors gratefully acknowledge financial support from the National Plan for R&D of Spanish Ministry of Economy and Competitiveness (ref. ECO2009-12522). HIGHLIGHTSØ Incremental innovation performance is positively affected by internal knowledge creation capability and absorptive capability.Ø Absorptive capability affects radical innovation performance positively.Ø Size has a direct positive effect on incremental innovation performance.Ø Size has a direct positive effect on internal knowledge creation capability. HOW DOES ORGANIZATIONAL SIZE IMPACT ON KNOWLEDGE ACCUMULATION CAPABILITIES AND INCREMENTAL VERSUS RADICAL INNOVATION PERFORMANCE?ABSTRACT While prior studies recognise the importance of knowledge accumulation capabilities in innovation performance, current research has still failed to empirically identify its role with regard to different types of innovation performance. The objective of this paper is to address this knowledge gap and to explore the relationships between internal knowledge creation and absorptive capabilities, and radical and incremental innovation performance. The study also contributes to analyzing the complex effect that organizational size has in the whole innovation process, influencing its antecedents (internal knowledge creation capability and absorptive capability) as well as its outputs (incremental and radical innovation performance), as the literature has produced inconsistent results and the issue is subject to continuing debate. This study demonstrates that incremental innovation performance is positively affected by both knowledge accumulation capabilities and size. However, results show that only absorptive capability has a positive direct effect on radical innovation performance, whereas size has a negative non-significant effect on it. The effect of size on knowledge accumulation capabilities also turns out to be mixed. It appears to increase internal knowledge creation capability, but it does not affect the absorption of new external knowledge, and thus does not help to develop radical innovations.

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“…Recent calls have directed attention to integrated approaches whereby ACAP is perceived not in a vacuum but within the wider context of a firm's effort to develop and commercialize innovations (for example, Cepeda Carrion, Cegarra Navarro, & Jimenez Jimenez, 2012;Fernhaber & Patel, 2012;Kostopoulos, Papalexandris, Papachroni, & Ioannou, 2010;Vega Jurado, Gutie´rrez Gracia, & Ferna´ndez de Lucio, 2008;Volberda, Foss, & Lyles, 2010;Zhou & Wu, 2010). Embracing such an integrated approach and drawing lessons from a marketing management perspective, the recipe for competitive success in the development and commercialization of new products is best reflected, among other things, in a balanced attention to the technological and customer related aspects emerging in the innovation or new product development (NPD) process (Baker & Sinkula, 1999;Cooper & Kleinschmidt, 1995;Morgan, Vorhies, & Mason, 2009).…”

Section: Introductionmentioning

confidence: 99%

Absorptive capacity and performance: The role of customer relationship and technological capabilities in high-tech SMEs

Tzokas

Kim

Akbar

et al. 2015

Industrial Marketing Management

224

158

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This study focuses on how the interplay between a firm's absorptive capacity (ACAP), and its technological and customer relationship capability contributes to its overall performance. Using structural equation modeling in a sample of 158 firms (316 questionnaires, two respondents per firm) from South Korea's semiconductor industry, we find that a firm's ACAP leads to better performance in terms of new product development, market performance and profitability when used in combination with the firm's capability to engage state of the art technologies in its new product development program (NPD) (technological capability) as well as cultivate strong customer relationships to gain customer insight in NPD (customer relationship capability). By highlighting the interactive nature of absorptive capacity's antecedents and how these relate to firms' performance, this study contributes to the understanding of the role of ACAP as a mechanism for translating external knowledge into tangible benefits in high-tech SMEs, thus leading to important theoretical and practical implications.

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Absorptive capacity, innovation, and financial performance

Cited by 565 publications

References 84 publications

How Intellectual Stimulation Effects Knowledge Sharing, Innovation and Firm Performance

How Intellectual Stimulation Effects Knowledge Sharing, Innovation and Firm Performance

Does incremental and radical innovation performance depend on different types of knowledge accumulation capabilities and organizational size?

Absorptive capacity and performance: The role of customer relationship and technological capabilities in high-tech SMEs

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