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The Absorptive Capacity of a Finance Company as an Efficiency Factor of Its Pro-technology Innovation Activities

In: Efficiency in Business and Economics

Author

Listed:
  • Waldemar Glabiszewski

    (Nicolaus Copernicus University)

  • Maciej Zastempowski

    (Nicolaus Copernicus University)

Abstract

In today’s turbulent and challenging world it is not an organization’s internal research and development activity that is the leading source of innovation, but the organizational environment. As a consequence, transfer of innovative technologies is a tool commonly used to enhance a company’s development. The effectiveness of this undertaking is determined primarily by the technology recipient’s absorptive capacity which is responsible for acquiring strategically valuable technology, its effective assimilation, and using it with desired results in mind. Thus, a company should guarantee the realization of goals it sets for itself when deciding to engage in technology transfer by maintaining a proper perfection level of these specialized abilities. In this paper, the authors make an attempt to gauge the absorptive potential of finance companies operating in Poland in terms of their efficiency in transferring innovative technologies; all based on a survey. As it turns out, realization of this potential confirmed the assumptions made by the authors, hence it has been concluded that how well developed financial companies’ absorptive capacities are has an actual influence both on direct and indirect effects of innovative pro-technology activities based on external sources, which economically justifies making investments in further development of those absorptive abilities.

Suggested Citation

  • Waldemar Glabiszewski & Maciej Zastempowski, 2018. "The Absorptive Capacity of a Finance Company as an Efficiency Factor of Its Pro-technology Innovation Activities," Springer Proceedings in Business and Economics, in: Tadeusz Dudycz & Grażyna Osbert-Pociecha & Bogumiła Brycz (ed.), Efficiency in Business and Economics, pages 57-69, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-68285-3_5
    DOI: 10.1007/978-3-319-68285-3_5
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    Cited by:

    1. Yang Liu & Yanlin Yang & Shuang Zheng & Lei Xiao & Hongjie Gao & Hechen Lu, 2022. "Dynamic Impact of Technology and Finance on Green Technology Innovation Efficiency: Empirical Evidence from China’s Provinces," IJERPH, MDPI, vol. 19(8), pages 1-17, April.
    2. Darehshiri, Mahsa & Ghaemi Asl, Mahdi & Babatunde Adekoya, Oluwasegun & Shahzad, Umer, 2022. "Cross-spectral coherence and dynamic connectedness among contactless digital payments and digital communities, enterprise collaboration, and virtual reality firms," Technological Forecasting and Social Change, Elsevier, vol. 181(C).

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