Complex technological knowledge and value creation in science-to-industry technology transfer projects: The moderating effect of absorptive capacity |
| |
| Affiliation: | 1. University of Illinois at Urbana–Champaign, 11357 Nuckols Road, #128, Glen Allen, VA 23059, United States;2. University of Richmond, Richmond, VA, United States;3. Department of Information and Service Economy, Aalto University School of Business, Runeberginkatu 22-24, 00100 Helsinki, Finland;1. Jerusalem Academic Center, Lander Institute, Department of Business Management, 3 Am Veolamo St., Givaat Shaul, Jerusalem, Israel;2. College of Law & Business, 26 Ben Gurion St, Ramat Gan, P.O. Box 852, Bnei Brak 51108, Israel;3. Jerusalem College of Technology, Department of Electronics, P.O. Box 16031, Jerusalem, Israel;4. Sheffield Business School, City Campus, Sheffield S1 1WB, UK;1. University of Westminster, Department of Marketing and Business Strategy, 35 Marylebone Road, United Kingdom;2. University of Westminster, Department of Marketing and Business Strategy, 35 Marylebone Road, London NW1 5LS, United Kingdom;3. Ming Chuan University, Business Administration Department, 5F., 130, Jihe Rd., Shihlin District, Taipei City 111, Taiwan;1. TED University, Turkey;2. Georgia State University, USA;1. NOVAMINA CIT, Zagreb, Croatia;2. University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia;3. Nottingham Trent University, Nottingham, UK;4. Portland State University, Department of Engineering & Technology, Portland, USA |
| |
| Abstract: | This study seeks to enhance the understanding of the interplay between complex knowledge, absorptive capacity in terms of both absorptive capabilities and prior knowledge, and value creation. Drawing on a database of 127 science-to-industry R&D projects in technology-based markets, our study results show the inherent relevance of complexity and absorptive capabilities for value creation. Contrary to expectations, prior knowledge has no significant effect on value creation per se. Instead, the impact of complex technological knowledge on value creation is enhanced at high levels of both prior knowledge and absorptive capabilities. The findings suggest that following a well-worn path leads to competence traps, whereas knowledge-related learning capabilities enable a firm to deal with dynamic environments. The findings have implications for managerial decisions and theory regarding how value can be created from complex knowledge in technology transfer settings. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
