Effect of innovation barriers on the absorptive capacity of innovative companies

Authors

DOI:

https://doi.org/10.46661/revmetodoscuanteconempresa.2940

Keywords:

absorption capacity, innovation barriers, regression models, innovative companies

Abstract

This paper studies the importance of the absorption capacity of innovative companies and the effect of innovation barriers on it. The management of absorption capacity investment as an innovation promoter is also reviewed and the implications are exposed to the level of performance of the companies in matters of processes and market position. The analysis is performed using simple and multiple linear regression models. Finally, the impact of innovation on companies was obtained through a Principal Component Analysis.

Downloads

Download data is not yet available.

References

Açıkdilli, G., & Yaşar, D. (2013). Dynamic capabilities and entrepreneurial orientation in the new product development. International Journal of Business and Social Science, 4(11), 145-150.

Ahmed, P. K., & Shepherd, C. D. (2012). Administración de la Innovación. México: Pearson Editorial.

Ahuja, G., & Katila, R. (2001). Technological acquisitions and the innovation performance of acquiring firms: a longitudinal study. Strategic Management Journal, 22(3), 197-220.

Alegre, J., Lapiedra, R., & Chiva, R. (2005). Propuesta y validación de una escala de medida del desempeño innovador de la empresa. Documento presentado en el Congreso Nacional de la ACEDE. La Laguna, España.

Alegre, J., Lapiedra, R., & Chiva, R. (2006). A measurement scale for product innovation performance. European Journal of Innovation Management, 9(4), 333-346.

Alegre, J., Pla-Barber, J., Chiva, R., & Villar, C. (2012). Organisational learning capability, product innovation performance and export intensity. Technology Analysis & Strategic Management, 24(5), 511-526.

Anderson, N., De Dreu, C., & Nijstad, B. (2004). The routinization of innovation research: a constructively critical review of the state-of-the-science. Journal of Organizational Behavior, 25(2), 147-173.

Arias-Pérez, J., Schafer-Elejalde, G., & Aristizábal-Botero, C. (2014). Relación entre desempeño innovador y madurez de capacidades de conocimiento y competencia. Entramado, 10(1), 82-95.

Arundel, A. (1997). Enterprise strategies and barriers to innovation. Innovation Measurement and Policies, 50, 101-108.

Assink, M. (2006). Inhibitors of disruptive innovation capability: A conceptual model. European Journal of Innovation Management, 9(2), 215-233.

Backmann, J., Hoegl, M., & Cordery, J. L. (2015). Soaking It Up: Absorptive Capacity in Interorganizational New Product Development Teams. Journal of Product Innovation Management, 32(6), 861-877.

Banco Mundial (2014). Databank. Recuperado de https://datos.bancomundial.org/indicador/GB.XPD.RSDV.GD.ZS?locations=EC-1W&name_desc=false

Barney, J., Della, V., Sciarelli, M., & Arikan, A. (2012). The role of resource-based theory in strategic management studies: Managerial implications and hints for research. En G. Battista, Handbook of research on competitive strategy (págs. 109-146). Cheltenham: Edward Elgar Publishing.

Belderbos, R., Carree, M., Diederen, B., Lokshin, B., & Veugelers, R. (2004). Heterogeneity in R&D cooperation strategies. International Journal of Industrial Organization, 22(8-9), 1237-1263.

Blanchard, P., Huiban, J.-P., Musolesi, A., & Sevestre, P. (2012). Where there is a will, there is a way? Assessing the impact of obstacles to innovation. Industrial and Corporate Change, 22(3), 679-710.

Bloom, N., & Van Reenen, J. (2007). Measuring and Explaining Management Practices Across Firms and Countries. The Quarterly Journal of Economics, 122(4), 1351-1408.

Camison, C., & Villar-López, A. (2012). On how firms located in an industrial district profit from knowledge spillovers: Adoption of an organic structure and innovation capabilities. British Journal of Management, 23(3), 361-382.

Casillas, J., Moreno, A., Acebo, F., Gallego, M., & Ramos, E. (2009). An integrative model of the role of knowledge in the internationalization process. Journal of World Business, 44(3), 311-322.

Castañeda, D. (2015). Condiciones para el aprendizaje organizacional. Estudios Gerenciales, 31(134), 62-67.

Catozzella, V. (2014). The catalysing role of in-house R&D in fostering complementarity among innovative inputs. Industry and Innovation, 21(3), 179-96.

CEPAL (2016). Ciencia, tecnología e innovación en la economía digital. Segunda Reunión de la Conferencia de Ciencia, Innovación y TIC de la CEPAL (pp. 19-22). San José.

Cepeda-Carrión, G., Cegarra-Navarro, J.G., & Jiménez-Jiménez, D. (2012). The effect of absorptive capacity on innovativeness: Context and information systems capability as catalysts. British Journal of Management, 23(1), 110-129.

Chan, L.K., Lakonishok, J., & Sougiannis, T. (2001). The Stock Market Valuation of Research and Development Expenditures . The Journal of Finance, 56, 2431-2456.

Chang, D.R., & Chob, H. (2008). Organizational memory influences new product success. Journal of Business Research, 61(1), 13-23.

Chen, Y.-S., Lin, M.-J. J., & Chang, C.-H. (2009). The positive effects of relationship learning and absorptive capacity on innovation performance and competitive advantage in industrial markets. Industrial Marketing Management, 38(2), 152-158.

Chesbrough, H. (2006). Open Business Models: How to Thrive in the New Innovation Landscape. Boston, MA: Harvard Business Press.

Chiva, R., & Alegre, J. (2005). Organizational learning and organizational knowledge toward the integration of two approaches. Management Learning, 31(6), 49-68.

CIA. (26 de 06 de 2019). Central Inteligence Agency. Recuperado de The World Factbook: https://www.cia.gov/library/publications/the-world-factbook/geos/ec.html

Cockburn, I.M., & Henderson, R.M. (2003). Absorptive Capacity, Coauthoring Behavior, and the Organization of Research in Drug Discovery. The Journal of Industrial Economics, 46(2), 157-182.

Cohen, W.M., & Levinthal, D.A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrafive Science Quarterly, 35, 128-152.

Cohen, W., & Levinthal, D. (1989). Innovation and learning: The two faces of R&D. Economic Journal, 99(397), 569-596.

Czarnitzki, D., & Kraft, K. (2004). Control Management and Innovative Activity. Review of Industrial Organization, 24(1), 1-24.

D´Este, P., Iammarino, S., Savona, M., & von Tunzelmann, N. (2012). What hampers innovation? Revealed barriers versus deterring barriers. Research Policy, 41(2), 482-488.

Damanpour, F., Szabat, K., & Evan, W. (1989). The relationship between types of innovation and organizational performance. Journal of Management Studies, 26(6), 587-601.

Del Carpio, J.F., & Miralles, F. (2018). Absorptive capacity and innovation in low-tech companies in emerging economies. Journal of Technology Management & Innovation, 13(2), 3-11.

De-Oliveira, F., & Rodil-Marzábal, Ó. (2019). Structural characteristics and organizational determinants as obstacles to innovation in small developing countries. Technological Forecasting and Social Change, 140(C), 306-314.

Eisenhardt, K., & Martin, J. (2000). Dinamic capabilities: What are they? Strategic Management Journal, 21(10), 1105-1121.

Fernald, K.D., Pennings, H.P., Van den Bosch, J.F., Commandeur, H.R., & Claassen, E. (2017). The moderating role of absorptive capacity and the differential effects of acquisitions and alliances on Big Pharma firms’ innovation performance. PLOS ONE, 12(2), 1-22.

Fernandes, A., Lourenço, L., & Silva, M. (2014). Influence of Quality Management on the Innovative Performance. Revista Brasileira de Gestao de Negocios, 16(53), 575-593.

Govindarajan, V., & Trimble, C. (2013). Innovación Inversa. Bogotá: Carvajal Educación S.A.S.

Guerra, F.J., & Martin-Montaner, J.A. (2017). Desarrollo Histórico de la Industria Manufacturera Ecuatoriana y su matriz de exportación. Revista Publicando, 4(2), 504-521.

Hagedoorn, W. N. (2012). Is there complementarity or substitutability between internal and external R&D strategies? Research Policy, 41(6), 1072-1083.

Hall, J., & Martin, M. (2005). Disruptive technologies, stakeholders and the innovation value-added chain: a framework for evaluating radical technology development . R&D Management , 35(3), 273-284.

Henderson, R., & Cockburn, I. (1996). Scale, scope, and spillovers: the determinants of research productivity in drug discovery. RAND Journal of Economics, 27, 32-59.

Holzl, W., & Janger, J. (2013). Does the analysis of innovation barriers perceived by high growth firms provide information on innovation policy priorities? Technological Forecasting & Social Change, 80, 1450-1468.

Hubbard, R.G. (1998). Capital-Market Imperfections and Investment. Journal of Economic Literature, 36(1), 193-225.

Jeon, J., Hong, S., Ohm, J., & Yang, T. (2015). Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry. PLoS ONE, 10(7), 1-14.

Kamien, M., & Schwartz, N. (1982). Market Structure and Innovation. Cambridge: Cambridge University Press.

Keller, W. (1996). Absorptive capacity: On the creation and acquisition of technology in development. Journal of Developmental Economics, 49, 199-210.

Kim, D. (1997). From imitation to innovation: The dynamics of Korea´s technological learning. Harvard Business School Press.

Koçoglu, I., Akgün, A.E., & Keskin, H. (2015). The differential relationship between absorptive capacity and product innovativeness: a theoretically derived framework. International Business Research, 8(7), 108-120.

Lane, P.J., & Lubatkin, M. (1998). Relative absorptive capacity and interorganizational learning. Strategic Management Journal, 19, 461-477.

Lane, P. J., Koka, B.R., & Pathak, S. (2006). The Reification of Absorptive Capacity: A Critical Review and Rejuvenation of the Construct. Academy of Management Review, 31(4), 833-863.

Lee, Y., Kim, S., & Lee, H. (2011). The impact of service R&D on the performance of Korean information communication technology small and medium enterprises. Journal of Engineering and Technology Management, 28(1), 77-92.

Leiponen, A. (2005). Skills and innovation. International Journal of Industrial Organization, 23(5-6), 303-323.

Lichtenthaler, U. (2009). Absorptive capacity, environmental turbulence, and the complementarity of organizational learning processes. Academy of Management Journal, 52(4), 822-846.

Lin, C., Wu, Y.-J., Chang, C., Wang, W., & Lee, C.-Y. (2012). The alliance innovation performance of R&D alliances: the absorptive capacity perspective. Technovation, 32(5), 282-292.

Lin, J., & Cao, J. (2008). Study on the knowledge-sharing mechanism of knowledge management of cluster enterprises. Science & Technology Progress and Policy, 4, 161-164.

Liu, X., & White, R.S. (1997). The relative contributions of foreign technology and domestic inputs to innovation in Chinese manufacturing industries. Technovation, 17, 119-125.

Luengo-Valderrey, M.J., & Moso-Díez, M. (2019). Interaction Between Knowledge Management Activities, Innovation Barriers and Innovation Performance: Spanish High and Medium Technology Firms. Journal of the Knowledge Economy, 10(1), 298-317.

Madrid-Guijarro, A., García, D., & Van Auken, H. (2009). Barriers to Innovation among Spanish Manufacturing SMEs. Journal of Small Business Management, 47(4), 465-488.

Mancusi, M.L., & Vezzulli, A. (2014). R&D and Credit rationing in SMEs. Economic Inquiry, 52(3), 1153-1172.

Mirow, C., Hoelzle, K., & Gemuenden, H. (2008). The ambidextrous organization in practice: barriers to innovation within research and development. Academy of Management Proceedings, 1-6.

Mirow, C., Hölzle, K., & Gemünden, H. (2007). Systematisierung, Erklärungsbeitrage und Effekte von Innovations barrieren . Journal für Betriebswirtschaft , 57(2), 101-134.

Mowery, D.C., Oxley, J.E., & Silverman, B.S. (1996). Strategic alliances and interfirm knowledge transfer. Strategic Management Journal, 17(S2), 77-91.

Mowery, D., & Oxley, J. (1995). Inward technology transfer and competitiveness: The role of national innovation systems. Cambridge Journal of Economics, 1, 67-93.

Neely, A., & Hii, J. (1998). Innovation and business performance: a literature review. The Judge Institute of Management Studies, University of Cambridge, 1-57.

O’Brian, R. (2007). A caution regarding rules of thumb for variance inflation factors. Quality and Quantity, 41(5), 673-690.

OECD (2005a). The measurement of scientific and technological activities. En Proposed guidelines for collecting and interpreting technological data. Paris: Organisation for Economic Co-operation and Development.

OECD (2005b). Manual de Oslo: Guía para la recogida e interpretación de datos sobre innovación. Oslo, Noruega: Organisation for Economic Co-operation and Development.

Oh, J.-M. (2017). Absorptive capacity, technology spillovers, and the cross-section of stock returns. Journal of Banking & Finance, 85, 146-164.

Oltra, M.J., & Flor, M. (2003). The Impact of Technological Opportunities and Innovative Capabilities on Firms’ Output Innovation. Creativity and Innovation Management , 12(3), 137-144.

Palacios-Marqués, D., Soto-Acosta, P., & Merigó, J.M. (2015). Online social networks as an enabler of innovation in organizations. Management Decision, 53(9), 1906-1920.

Paula, F., & Silva, J. (2018). The impact of alliances and internal R&D on the firm’s innovation and financial performance . Brazilian Business Review, 15, 533-550.

Pellegrino, G., & Savona, M. (2017). No money, no honey? Financial versus knowledge and demand constraints on innovation. Research Policy, 46(2), 510-521.

Pérez, E.O., & Toro, I. (2018). Study of the realized absorptive capacity in the organizations of Colombia and Brazil. Journal of Industrial Engineering and Management, 11(4), 617-631.

Pisano, G. (2006). Can science be a business? Lessons from Biotech. Harvard Business Review, 84(10), 114-125.

René, B., Carree, M., Diederenc, B., Lokshin, B., & Veugelers, R. (2004). Heterogeneity in R&D cooperation strategies. International Journal of Industrial Organization, 22(8-9), 1237-1263.

Richardson, G. (1972). The Organisation of Industry. The Economic Journal, 82(327), 883-896.

Sánchez, I., Juliao, J., & Zuluaga, J. (2013). La relación entre las redes externas de trabajo y el desempeño innovador de las pymes colombianas: un análisis del rol moderador del ambiente industrial. Estudios Gerenciales, 29, 339-349.

Scuotto, V., Del Giudice, M., & Carayannis, E. (2017). The effect of social networking sites and absorptive capacity on SMES’ innovation performance. Journal of Technology Transfer, 42, 409-424.

Sekaran, U., & Bougie, R. (2009). Research Methods for Business (Quinta ed.). Cornwall, United Kingdom: John Wiley & Sons Ltd.

SENPLADES (2012). Transformación de la matriz productiva. Quito: Ediecuatorial.

Sok, P., & O’Cass, A. (2011). Achieving superior innovation-based performance outcomes in SMEs through innovation resource-capability complementarity. Industrial Marketing Management, 40, 1285-1293.

Stock, G.N., Greis, N.P., & Fischer, W.A. (2001). Absorptive capacity and new product development. The Journal of High Technology Management Research, 12(1), 77-91.

Tsai, W. (2001). Knowledge Transfer in Intraorganizational Networks: Effects of Network Position and Absorptive Capacity on Business Unit Innovation and Performance. Academy of Management Journal, 44(5), 996-1004.

Tsai, W. (2008). External technology acquisition and firm performance: A longitudinal study. Journal of Business Venturing, 23(1), 91-112.

Utterback, J.M., & Abernathy, W.J. (1975). A dynamic model of process and product innovation . Omega, 3(6), 639-656.

Verhees, F., & Meulenberg, M. (2004). Market orientation, innovativeness, product innovation, and performance in small firms. Journal of Small Business Management , 42(2), 134-154.

Wagner, T. (2013). Crear Innovadores. Bogotá, Colombia: Simon & Schuster, Inc.

Wang, K., Hermens, A., Huang, K.-P., & Chelliah, J. (2015). Entrepreneurial orientation and organizational learning on SME's innovation. International Journal of Organizational Innovation, 7(4), 65-75.

Weerawardena, J., Mort, G., Liesch, P., & Knight, G. (2007). Conceptualizing accelerated internationalization in the born global firm: A dynamic capabilities perspective . Journal of World Business, 42(3), 294-306.

Woolthuis, R. K., Lankhuizen, M., & Gilsing, V. (2005). A system failure framework for innovation policy design. Technovation, 25, 609-619.

Yam, R.C., Lo, W., Tang, E.P., & Law, A.K. (2011). Analysis of sources of innovation, technological innovation capabilities, and performance: An empirical study of Hong Kong manufacturing industries. Research Policy, 40(3), 391-402.

Zahra, S., & George, G. (2002). Absorptive capacity: A review, reconceptualization, and extension. Academy of Management Review, 27(2), 185-203.

Zhai, Y.-M., Sun, W.-Q., Tsai, S.-B., Wang, Z., Zhao, Y., & Chen, Q. (2018). An Empirical Study on Entrepreneurial Orientation, Absorptive Capacity, and SMEs’ Innovation Performance: A Sustainable Perspective. Sustainability, 10(2), 314.

Published

2020-12-01

How to Cite

Carpio Freire, C. R., & Afcha Chávez, S. M. (2020). Effect of innovation barriers on the absorptive capacity of innovative companies. Journal of Quantitative Methods for Economics and Business Administration, 30, 3–22. https://doi.org/10.46661/revmetodoscuanteconempresa.2940

Issue

Section

Articles