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Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry

This paper discusses the importance of absorptive capacity in improving a firm’s innovation performance. Specifically, we examine firm interaction with the knowledge and capabilities of outside organizations and the effect on the firm’s bottom line. We use the impulse-response function of the vector...

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Detalles Bibliográficos
Autores principales: Jeon, Jieun, Hong, Suckchul, Ohm, Jay, Yang, Taeyong
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2015
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4504511/
https://www.ncbi.nlm.nih.gov/pubmed/26181440
http://dx.doi.org/10.1371/journal.pone.0131642
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author Jeon, Jieun
Hong, Suckchul
Ohm, Jay
Yang, Taeyong
author_facet Jeon, Jieun
Hong, Suckchul
Ohm, Jay
Yang, Taeyong
author_sort Jeon, Jieun
collection PubMed
description This paper discusses the importance of absorptive capacity in improving a firm’s innovation performance. Specifically, we examine firm interaction with the knowledge and capabilities of outside organizations and the effect on the firm’s bottom line. We use the impulse-response function of the vector auto-regressive model to gain insight into this relationship by estimating the time required for the effect of each activity level to reach outputs, the spillover effects. We apply this methodology to pharmaceutical firms, which we classify into two sub-groups – large firms and medium and small firms – based on sales. Our results show that the impact of an activity on any other activity is delayed by three years for large firms and by one to two years for small and medium firms.
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spelling pubmed-45045112015-07-17 Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry Jeon, Jieun Hong, Suckchul Ohm, Jay Yang, Taeyong PLoS One Research Article This paper discusses the importance of absorptive capacity in improving a firm’s innovation performance. Specifically, we examine firm interaction with the knowledge and capabilities of outside organizations and the effect on the firm’s bottom line. We use the impulse-response function of the vector auto-regressive model to gain insight into this relationship by estimating the time required for the effect of each activity level to reach outputs, the spillover effects. We apply this methodology to pharmaceutical firms, which we classify into two sub-groups – large firms and medium and small firms – based on sales. Our results show that the impact of an activity on any other activity is delayed by three years for large firms and by one to two years for small and medium firms. Public Library of Science 2015-07-16 /pmc/articles/PMC4504511/ /pubmed/26181440 http://dx.doi.org/10.1371/journal.pone.0131642 Text en © 2015 Jeon et al http://creativecommons.org/licenses/by/4.0/ This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are properly credited.
spellingShingle Research Article
Jeon, Jieun
Hong, Suckchul
Ohm, Jay
Yang, Taeyong
Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry
title Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry
title_full Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry
title_fullStr Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry
title_full_unstemmed Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry
title_short Causal Relationships among Technology Acquisition, Absorptive Capacity, and Innovation Performance: Evidence from the Pharmaceutical Industry
title_sort causal relationships among technology acquisition, absorptive capacity, and innovation performance: evidence from the pharmaceutical industry
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4504511/
https://www.ncbi.nlm.nih.gov/pubmed/26181440
http://dx.doi.org/10.1371/journal.pone.0131642
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