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R&D Strategies And Firm Innovative Performance: A Panel Data Analysis

Author

Listed:
  • CLAUDIO CRUZ-CÁZARES

    (Autonomous University of Barcelona, Edificio E, Bellaterra, 08193, Barcelona, Spain)

  • CRISTINA BAYONA-SÁEZ

    (Public University of Pamplona, Edificio Departamental de los Madroños, 31006, Pamplona, Spain)

  • TERESA GARCÍA-MARCO

    (Public University of Pamplona, Edificio Departamental de los Madroños, 31006, Pamplona, Spain)

Abstract

The aim of this research is to ascertain the effects of the different R&D strategies (RDSs) — defined asmake,buyandmake-buy— on firm innovative performance. In order to evaluate RDSs effects in a broader sense, and looking for robust results, we consider different measures of product and/or process innovations as indicators of firm innovative performance. Using panel data models for a sample of 1478 Spanish manufacturing firms during the period 1992–2005, we observe that all RDSs produce a positive influence over all innovation outputs, although the impact is greater for themake-buystrategy and lower for thebuystrategy. These effects are conditional on temporality since the greatest impact occurs one year later and that in the second year is reduced to half. Results show that thebuystrategy seems to have only short-term effects, whereas themake-buyeffects are greater and last longer. In addition, we find empirical support for our proposed argument that RDS effects on firm innovativeness are moderated by technological intensity level.

Suggested Citation

  • Claudio Cruz-Cázares & Cristina Bayona-Sáez & Teresa García-Marco, 2010. "R&D Strategies And Firm Innovative Performance: A Panel Data Analysis," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 14(06), pages 1013-1045.
    • Handle: RePEc:wsi:ijimxx:v:14:y:2010:i:06:n:s1363919610002982
    DOI: 10.1142/S1363919610002982
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    References listed on IDEAS

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    1. Christopher F Baum, 2006. "An Introduction to Modern Econometrics using Stata," Stata Press books, StataCorp LP, number imeus, March.
    2. Gavin Cameron, 2000. "R and D and Growth at the Industry Level," Economics Series Working Papers 2000-W04, University of Oxford, Department of Economics.
    3. Cameron, G., 2000. "R&D and Growth at the Industry Level," Economics Papers 2000-w4, Economics Group, Nuffield College, University of Oxford.
    4. Alfred Kleinknecht & Pierre Mohnen (ed.), 2002. "Innovation and Firm Performance," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-59588-0, December.
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