Creazione e appropriabilità del valore nei processi di sviluppo dell'innovazione. Un'analisi econometrica su un campione di alleanze di R&S.

Translated title of the contribution: [Autom. eng. transl.] Creation and appropriateness of value in innovation development processes. An econometric analysis of a sample of R&D alliances.

Antonio Capaldo, Antonio Messeni Petruzzelli

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

[Autom. eng. transl.] Innovation is among the primary sources of competitive advantage (Lengnick-Hall, 1992; Teece et al., 1997). In particular, technological innovation (simply "innovation" in the following) has shown in recent years an ever greater capacity to produce value, determining a growing competition among numerous economic actors intent on appropriating the created value. Value creation and appropriateness are therefore the two pillars of strategic innovation management (Teece, 1986; Schilling, 2005). However, the needs related to value creation and appropriability are often different, partly conflicting (Mizik and Jacobson, 2003). This requires that the companies involved in the innovation development processes focus on the management of the related trade-off. This work focuses on the conflicting needs related to the creation and appropriability of value in the re-search and development (R&D) alliances. In recent years the number of R&D alliances and collaborations has grown vertiginously in many sectors (Hagedoorn, 2002). Strategic alliances and networks of alliances represent units of analysis of increasing importance in strategy studies, by virtue of the capacity to generate "relational rents" (Dyer and Singh, 1998). The research has shown that inter-company collaboration aimed at developing innovation represents a primary source of relational returns and, by this way, of competitive advantage (Powell et al., 1996; Lorenzoni and Lipparini, 1999; Capaldo , 2007). However, the exploitation of the strategic potential inherent in the aforementioned collaboration processes requires a careful management of the relative processes (Capaldo, 2004). This work examines the search processes put in place jointly by the companies involved in R&D efforts. In particular, it focuses on a specific dimension of such processes, hereinafter referred to as search spans (Capaldo et al., 2008), which relates to the measure in which partner companies search together for new knowledge moving through different technological domains, and in particular the number of different technological domains 'crossed' by companies. Analyzing a sample of 1,515 dyadic R&D alliances, this work contributes to examining the existing trade-off between value creation and appropriability in innovation development processes. In particular, we will simultaneously examine the impact that the breadth of the spectrum of inter-organizational search processes involving companies participating in dyadic R&D alliances exerts on the ability of the same dyads to generate value by leveraging innovation and to capture this value . The results show that, in R&D alliances, the extent to which companies develop new knowledge in collaboration through different technological knowledge areas exerts a curvilinear (inverse U) impact on the value of the innovation generated, while positively affecting appropriability of value itself. Therefore, beyond a certain search span threshold, the ability of allied companies to co-produce value through innovation is reduced, although the value created is increasingly appropriated by the companies themselves.
Translated title of the contribution[Autom. eng. transl.] Creation and appropriateness of value in innovation development processes. An econometric analysis of a sample of R&D alliances.
Original languageItalian
Title of host publicationReti per l'Innovazione
EditorsFrancesco Izzo
Pages75-96
Number of pages22
Publication statusPublished - 2011

Keywords

  • Alleanze strategiche
  • Appropriabilità del valore
  • Creazione di valore
  • Governo dell'innovazione

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