TY - JOUR
T1 - The effect of R&D novelty and openness decision on firms' catch-up performance: Empirical evidence from China
AU - Chen, Jin
AU - Ning Luato, null
AU - Vanhaverbeke, Wim
AU - Wang Fangrui, null
AU - Wang, Yuandi
PY - 2014/1/1
Y1 - 2014/1/1
N2 - 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.
AB - 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.
U2 - 10.1016/j.technovation.2013.09.005
DO - 10.1016/j.technovation.2013.09.005
M3 - Article
SN - 0166-4972
VL - 34
SP - 21
EP - 30
JO - Technovation: The International Journal of Technological Innovation, Entrepreneurship and Technology Management
JF - Technovation: The International Journal of Technological Innovation, Entrepreneurship and Technology Management
ER -