Depth and breadth of external knowledge search and performance: The mediating role of absorptive capacity |
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| Institution: | 1. University of Valencia, Dpt. of Management ‘Juan José Renau Piqueras’, Faculty of Economics, Av. Naranjos, s/n., Valencia 46022, Spain;2. University of Sussex, Dpt. of Business and Management, Sussex House, Falmer Brighton, BN1 9RH, United Kingdom;1. School of Management, Kyung Hee University, Seoul, Republic of Korea;2. Department of Systems Engineering and Engineering Management, City University of Hong Kong, Hong Kong;1. Department of Organization and Management, CUNEF School of Business and Finance, C/Leonardo Prieto Castro 2, 28040 Ciudad Universitaria, Madrid, Spain;2. Ikujiro Nonaka Research Centre on Knowledge and Innovation, CUNEF School of Business and Finance, C/Leonardo Prieto Castro 2, 28040 Ciudad Universitaria, Madrid, Spain;3. Department of Business Administration, Faculty of Economics and Business, Complutense de Madrid University, Campus de Somosaguas, s/n. 28223 Pozuelo de Alarcón, Madrid, Spain |
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| Abstract: | Nowadays it is commonly accepted that exploiting external knowledge sources is important for firms' innovation and performance. However, it is still not clear how this effect takes place and what internal capabilities are involved in the process. We propose to open the black box between external knowledge search strategies, and innovation and performance by proposing absorptive capacity (AC) as the mediating variable. A sample of 102 biotechnology firms from Spain is used to test the proposed theoretical model through structural equation modeling taking the partial least squares approach. Results suggest that AC acts as a full mediator in the relationship between the depth of external knowledge search and the innovation and business performance of the firm. Finally, some suggestions for managers and future lines of research are highlighted. |
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