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Title: Breakthrough innovations : The impact of foreign acquisition of knowledge [WP]
Author: Tojeiro Rivero, Damián
Moreno Serrano, Rosina
Badillo Enciso, Erika Raquel
Keywords: Anàlisi de dades de panel
Recerca industrial
Deslocalització industrial
Contractació externa
Panel analysis
Industrial research
Business relocation
Contracting out
Issue Date: 2016
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Series/Report no: [WP E-IR16/14]
Abstract: Based on the Spanish Technological Innovation Panel, this paper explores the role of R+D offshoring on innovation performance from 2004 to 2013. Specifically, we focus our attention on the impact of different types of offshoring governance models on the profitability of developing breakthrough innovations. Using a novel methodology for panel data sets, we control for the heterogeneity of firms as well as for the sample selection and endogeneity. Our study provides evidence that firms developing breakthrough innovations tend to benefit more from the external acquisition of knowledge than those engaged in incremental innovations. We also find evidence that acquiring knowledge from firms outside the group is more profitable than doing so with firms within the group. Moreover, the external acquisition of knowledge tends to present a higher return on breakthrough innovation in the case of taking such knowledge from the business sector rather than from universities or research institutions. Finally, the recent financial crisis has led to an increase in the return of the foreign acquisition of knowledge on the generation of breakthrough innovations.
Note: Reproducció del document publicat a:
It is part of: IREA – Working Papers, 2016, IR16/14
AQR – Working Papers, 2016, AQR16/10
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
AQR (Grup d’Anàlisi Quantitativa Regional) – Working Papers

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