The effect of R&D novelty and openness decision on firms' catch-up performance: Empirical evidence from China |
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| Institution: | 1. Zhejiang University, Hangzhou 310027, China;2. University of Oxford, Oxford OX1 3TB, UK;3. Tsinghua University, Beijing 100083, China;4. Sichuan University, Chengdu 610064, China;5. Queen Mary, University of London, London E1 4NS, UK;6. Hasselt University, Agoralaan bldg D, 3590 Diepenbeek, Belgium;7. ESADE Business School, Barcelona, Spain;1. High-Precision Mass Spectrometry and Environment Change Laboratory (HISPEC), Department of Geosciences, National Taiwan University, Taipei 10617, Taiwan, ROC;2. Institute of Oceanography, National Taiwan University, Taipei 10617, Taiwan, ROC;3. Department of Geology, National Museum of Natural Science, Taichung 40419, Taiwan, ROC;1. Centre for International Business, Leeds University Business School, University of Leeds, Maurice Keyworth Building, Leeds LS2 9JT, United Kingdom;2. Jerusalem School of Business Administration, The Hebrew University of Jerusalem, Mount Scopus, Jerusalem 91905, Israel;1. Macquarie Graduate School of Management, Sydney, NSW 2113, Australia;2. GLORAD Center for Global R&D Management and Innovation, Tongji University, Shanghai 200092, PR China;1. China National Institute for Standardization, #4 Zhichun Rd., Haidian District, Beijing 100080, China;2. Yonsei School of Business, Yonsei University, South Korea;3. Graduate School of International Studies, Yonsei University, South Korea |
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| 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. |
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| Keywords: | Technological catch-up China Novelty Openness R&D Innovative performance |
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