Enhancing a Firm's Innovation Performance: On the Interplay between Internal R&D and External Collaboration
Pages 348 - 352
Abstract
To thrive in a competitive environment, businesses must embrace innovation and one of the key drivers is a firm's internal research and development (R&D). However, firms cannot rely mainly on their internal R&D but require external knowledge as an important source of innovation. This paper examines the effects of the relationship between a firm's internal R&D and the diverse external collaboration partners on a firm's innovation performance. Drawing upon the analysis of 10,800 manufacturing firms in Thailand, there is no evidence regarding the significant effect of internal R&D on innovation performance. In contrast to prior research, firms do not benefit in terms of innovation performance when engaging with universities and competitors which might be the result of weak university-industry linkage and appropriability regime in Thailand. This paper contributes to the literature by offering novel findings on the adverse effects of internal R&D in the open innovation paradigm, especially in the context of developing countries. Furthermore, this research provides insights for practitioners and researchers on the guidance for decision making regarding external collaboration.
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- Enhancing a Firm's Innovation Performance: On the Interplay between Internal R&D and External Collaboration
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Published In
April 2023
375 pages
ISBN:9798400708381
DOI:10.1145/3603955
Copyright © 2023 ACM.
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Association for Computing Machinery
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Published: 22 August 2023
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MSIE 2023
MSIE 2023: 2023 5th International Conference on Management Science and Industrial Engineering
April 27 - 29, 2023
Chiang Mai, Thailand
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