Abstract
Prior research has revealed mixed findings concerning the contribution of a firm s knowledge stock to the value of its innovations. We seek to reconcile this inconsistent evidence by studying how the age, origin, and popularity of knowledge affect the value of innovations. We claim that the age of knowledge which the firm incorporates exerts an inverted U-shaped effect on the value of its innovations. However, this effect is moderated by the origin of knowledge. Specifically, relying on knowledge from distant technological domains attenuates the value of old knowledge, whereas incorporating geographically distant knowledge enhances its value. Finally, as the firm s old knowledge base becomes more popular, its value to the firm diminishes. Analysis of the patent citations in 5,575 patents issued to 294 biotechnology firms operating in the U.S. between 1985 and 2002 supports these conjectures. Our study advances innovation research and contributes to the learning literature by underscoring the contingent value of knowledge age.
Lingua originale | English |
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Titolo della pubblicazione ospite | Druid Conference Papers 2011 (http://druid8.sit.aau.dk/acc_papers/j99nu2tm0vyyui3x612ts8scoc6a.pdf) |
Pagine | 1-40 |
Numero di pagine | 40 |
Stato di pubblicazione | Pubblicato - 2011 |
Evento | 2011 Druid Conference - Copenhagen Durata: 15 giu 2011 → 17 giu 2011 |
Convegno
Convegno | 2011 Druid Conference |
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Città | Copenhagen |
Periodo | 15/6/11 → 17/6/11 |
Keywords
- Innovation
- Knowledge Age
- Knowledge Origin
- Knowledge Popularity
- Search