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http://hdl.handle.net/1942/16299
Title: | The effect of R&D novelty and openness decision on firms' catch-up performance: Empirical evidence from China | Authors: | Wang, Fangrui Chen, Jin WANG, Yuandi Ning, Lutao VANHAVERBEKE, Wim |
Issue Date: | 2014 | Source: | TECHNOVATION, 34 (1), p. 21-30 | Abstract: | 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. | Keywords: | technologicalcatch-up; China; novelty; openness; R&D; innovative performance | Document URI: | http://hdl.handle.net/1942/16299 | ISSN: | 0166-4972 | e-ISSN: | 1879-2383 | DOI: | 10.1016/j.technovation.2013.09.005 | ISI #: | 000329150900004 | Rights: | © 2013 Elsevier Ltd. All rights reserved. | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2015 |
Appears in Collections: | Research publications |
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