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

Wang, Heli; Chen, Weiru

doi:10.1016/j.respol.2009.09.015

Cited by 90 publications

(107 citation statements)

References 70 publications

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“…In other words, they may choose to rather compete on dimensions other than environmental ones. These findings are also consistent with those obtained by Wang and Chen (2010), who indicate that the total value that can be potentially generated from specific innovations is likely to be lower under market dynamism or uncertainty. Nevertheless, as mentioned in Section 2, our estimation is based upon an aggregate measure for environmental innovations.…”

Section: Resultssupporting

confidence: 91%

Environmental management practices: good or bad news for innovations delivering environmental benefits? The moderating effect of market characteristics

Grolleau¹,

Mzoughi²,

Peković³

2014

Economics of Innovation and New Technology

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We examine empirically whether environmental management practices (EMPs) (environmental audits, ISO 14001 standard, etc.) promote (or not) additional innovations delivering environmental benefits. Using a large sample of French firms (N = 4114) and simultaneous equations model (SEM), we found that EMPs positively influence the decision of firms to introduce innovations delivering environmental benefits, but this positive relationship is moderated by market characteristics. The findings indicate that EMPs promote such environmental-related innovations when the market of the main activity of the firm is growing. However, when the market is uncertain or competitive, this relationship turns out to be negative.

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Section: Resultssupporting

confidence: 91%

Environmental management practices: good or bad news for innovations delivering environmental benefits? The moderating effect of market characteristics

Grolleau¹,

Mzoughi²,

Peković³

2014

Economics of Innovation and New Technology

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“…Consequently, Wang and Chen (2010) found that under high environmental dynamism, firms increase the diversity of their knowledge composition to mitigate the risk of value erosion from being in a narrow domain. Kim et al (2009) also found that technological Linking technological and educational level diversities… diversification increases a firm's technological marginal productivity and the speed of its diffusion.…”

Section: The Paradox Of Technological Diversity On Innovation Performmentioning

confidence: 99%

Linking technological and educational level diversities to innovation performance

et al. 2015

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In this study, we explore the extent to which diversity of educational levels among research scientists and engineers (RSEs) in the context of a firm's level of technological diversity influences innovation performance. We used data from the 2004-2008 National R&D Survey in Singapore. The results from 366 firms across different industries indicate that when a firm's technological domains are heterogeneous, those firms with an RSE workforce comprising similar educational levels have positive innovation performance, measured as the number of patent applications, while those comprising diverse educational levels have negative innovation performance. Our further exploration of the positive interaction between technological domain heterogeneity and similarity of educational levels suggests that firms that had a high ratio of RSEs with lower educational levels had more positive patent outcomes compared to those that had a high ratio of RSEs with higher educational levels. The results show that there are limits to the strength of technological diversity in a firm's absorptive capacity as explained by organizational demography.

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“…This is because more heterogeneous past experience results in an increased ability to make good decisions regarding future research or development processes (Cohen and Levinthal 1990;Wei and Wu 2013) and because firms with less diversified experience risk entering competency traps that can result in delays in development. In other words, experience diversity helps overcome organisational inertia (Wang and Chen 2010). Organisations may become fixed in their way of interpreting tasks, and that as things change, the organisation will fail to respond adequately due to competency traps (Leonard-Barton 1992; Levitt and James 1988) and may end up using knowledge gained in the past even when it is not appropriate, thus resulting in negative performance.…”

Section: Technology Experience Diversitymentioning

confidence: 99%

“…Other studies in the areas of organisational learning (Wang and Chen 2010) and knowledge search (Laursen and Salter 2006) have also highlighted the importance of both elements in developing innovation capabilities An important question is whether these two aspects of an organisation's past experience are distinct, or whether they interact with each other; and if they interact, what sort of interaction exists between them. In this section, we argue that the full extent to which technology area experience and diversity affect performance depends on the interaction between these two factors.…”

Section: Interaction Between Technology Area Experience and Experiencmentioning

confidence: 99%

Technological area experience, experience diversity and innovation

Garzon-Vico

Gibbons

McNamara

et al. 2016

Technology Analysis & Strategic Management

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One conclusion from the knowledge-based view is that firms develop knowledge from experience. This paper examines the conditions under which firms' R&D experiences might have stronger or weaker effects on innovation capabilities. We posit that any potential benefit depends on the nature of this experience. In particular, we look at how technological area experience and experience diversity affects innovation capabilities. We further propose that, in order to leverage their experience, firms need to consider how the interactions of technological area experience and experience diversity affect performance. To test this model, we draw on a data set of 3034 drug development projects undertaken by 30 large pharmaceutical companies between

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

Cited by 90 publications

References 70 publications

Environmental management practices: good or bad news for innovations delivering environmental benefits? The moderating effect of market characteristics

Environmental management practices: good or bad news for innovations delivering environmental benefits? The moderating effect of market characteristics

Linking technological and educational level diversities to innovation performance

Technological area experience, experience diversity and innovation

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