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Creating and capturing value from external knowledge: the moderating role of knowledge intensity

journal contribution
posted on 2023-06-08, 17:23 authored by Stefano Denicolai, Matias RamirezMatias Ramirez, Joseph Tidd
integration with and adaptation to internal capabilities and the exploitation of these novel combinations to create and capture value in new ways. However, studies focusing on the relationships among capabilities, BMI and firm performance are rare. In this paper, we adopt broader measures of internal and external knowledge, which include codified intangibles such as patents and copyrights, and examine the effects the combinations and interactions have on sales growth based on a dataset of 310 firms from four European countries. Using the broader measure of knowledge, we find support for the curvilinear relationship reported in studies using research and development-intensity as a proxy. However, we also find that firms with low levels of internal knowledge benefit most from an ‘optimal’ investment in externally generated knowledge, but the influence on sales growth is very sensitive to the degree of external knowledge acquired. By contrast, knowledge-intensive firms are relatively freer in defining their knowledge sourcing strategy. We discuss the implications for exploiting knowledge and complementary assets in BMI.

History

Publication status

  • Published

File Version

  • Published version

Journal

R&D Management

ISSN

1467-9310

Publisher

Wiley

Issue

3

Volume

44

Page range

248-264

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2014-05-22

First Compliant Deposit (FCD) Date

2014-05-22

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