Title

The Effects Of Bundled Knowledge Stocks On Innovative Success

Keywords

Innovation; Knowledge stocks; Recombinative capabilities

Abstract

As firms engage in building different R&D capabilities, they confront a crucial question: What configuration of knowledge stocks is most likely to increase innovative success? We argue that the impact of one knowledge stock may depend not just on its level but also the level of other stocks and the interdependencies of firms' existing knowledge stocks might explain performance differences. We measure the effects of three pairwise combinations of knowledge stocks on firm innovative success and find, using an event history analysis of 857 dedicated biotechnology firms during 1973-1999, that two pairs are complementary (i.e., intellectual and human capital; collective and human capital) and one pair is substitutive (i.e., intellectual and collective capital). We therefore suggest a system theory of intra-organizational knowledge: The substitutability and complementarities of multiple knowledge sources moderate their direct relationship with innovative success.

Publication Date

1-1-2008

Publication Title

Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008

Number of Pages

-

Document Type

Article; Proceedings Paper

Personal Identifier

scopus

DOI Link

https://doi.org/10.5465/ambpp.2008.33718140

Socpus ID

85086493443 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/85086493443

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