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The Contingent Value of Inward Technology Licensing on the Performance of Small High-Technology Firms

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  • Kuen-Hung Tsai
  • Hui-Chen Chang

Abstract

As competition intensifies and the pace of technological change accelerates, many firms often adopt inward technology licensing (ITL) to improve performance. However, previous studies investigating the effect of ITL on firm performance have not focused their samples on small high-technology firms. Furthermore, whereas past research has emphasized the moderating effect of internal research and development (R&D) on the use of external technology, relatively little research has examined such an effect. This study examines the effect of ITL on the performance of small high-technology firms, exploring the moderating role of internal R&D on the relationship between ITL and firm performance. In total, 138 small electronics manufacturing firms in Taiwan were sampled during the period of 1998 to 2005. Using a two-way fixed effects model, the analyses suggest that whether ITL has a positive effect on firm performance depends on the level of sustained internal R&D investment. This finding reveals why firms may vary in their ability to improve performance through adopting ITL.

Suggested Citation

  • Kuen-Hung Tsai & Hui-Chen Chang, 2008. "The Contingent Value of Inward Technology Licensing on the Performance of Small High-Technology Firms," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 44(4), pages 88-98, July.
    • Handle: RePEc:mes:emfitr:v:44:y:2008:i:4:p:88-98
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    Cited by:

    1. Jae-Seung Han & Sang-Yong Lee, 2013. "The impact of technology transfer contract on a firm’s market value in Korea," The Journal of Technology Transfer, Springer, vol. 38(5), pages 651-674, October.
    2. SUN, Yu-tao & ZHANG, Chen & WANG, Jin-min, 2022. "How to Benefit from Balancing External Knowledge Acquisition? A Chinese EIT Industry Case," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    3. Lyu, Yibo & He, Binyuan & Zhu, Yuqing & Li, Li, 2019. "Network embeddedness and inbound open innovation practice: The moderating role of technology cluster," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 12-24.

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