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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/16299

Title: The effect of R&D novelty and openness decision on firms' catch-up performance: Empirical evidence from China
Authors: Wang, Fangrui
Chen, Jin
WANG, Yuandi
Ning, Lutao
Issue Date: 2014
Citation: TECHNOVATION, 34 (1), p. 21-30
Abstract: This paper explores the strategic dimensions of R&D decisions toward novelty and openness in explaining the performance of latecomer firms in a developing economy. A structural equation model of R&D decision-making is formulated using survey data from 279 Chinese firms. The dimension of R&D novelty is defined as the degree of technological newness found in firms' R&D projects, while R&D openness describes the degree to which technologies are acquired from external sources. Our results indicate that firms' R&D decisions regarding novelty and openness are associated with demand opportunities, market competition, technological capability, and external networks. Greater R&D novelty contributes positively to innovative output but does not affect sales growth. Greater R&D openness contributes positively to sales growth but negatively to innovative output.
URI: http://hdl.handle.net/1942/16299
DOI: 10.1016/j.technovation.2013.09.005
ISI #: 000329150900004
ISSN: 0166-4972
Category: A1
Type: Journal Contribution
Validation: ecoom, 2015
Appears in Collections: Research publications

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