Open Access
Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
(Elsevier, 2018) Zouaghi, Ferdaous; Sánchez García, Mercedes; García Martínez, Marian; Gestión de Empresas; Enpresen Kudeaketa; Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa
This paper examines the role exerted by internal innovation efforts and external knowledge assets as dynamic capabilities to overcome adverse economic conditions. Additionally, we examine the differential impacts of the financial crisis in high and low-tech industries. Using panel data of manufacturing firms in Spain for the period 2006–2013, our results show that maintaining strong internal and external knowledge capabilities enables firms to mitigate the effects of the financial crisis. Findings emphasize the value of human capital, by enabling internal capabilities, as a coping mechanisms in low-tech sectors during the financial downturn. Similarly, open innovation allows firms to minimise the resources limitations and risk surrounding innovation, particularly during the financial crisis. This study provides valuable insights to managers aiming to develop strong internal knowledge bases to remain competitive under uncertain financial conditions.
Open Access
Creating value via strategic alliances in EU food sector: the role of intellectual capital in knowledge exploration
(Universidad Miguel Hernández, 2017) Zouaghi, Ferdaous; Sánchez García, Mercedes; García Martínez, Marian; Gestión de Empresas; Enpresen Kudeaketa; Institute for Advanced Research in Business and Economics - INARBE
Co-operation may become necessary in food sector because internal resources are insufficient to monitor their partners. This study examines how EU food SMEs uses their networks and how SMEs managers can operationally leverage the value created by strategic alliances into commercially viable products. More importantly, we emphasize that the effects of collaboration partners on innovation performance can be achieved not only directly, but also via the indirect effect of firm¿s intellectual capital to enhance cross-border knowledge transfer. Using two waves of the European Community Innovation Survey (Cis-2010 and Cis-2012), those research findings are expected to provide SME food firms the availability to better reorganize their external knowledge needs when different partners are involved.
Open Access
Casting a wide net for innovation: mediating effect of R&D human and social capital to unlock the value from alliance portfolio diversity
(Wiley, 2019) García Martínez, Marian; Zouaghi, Ferdaous; Sánchez García, Mercedes; Enpresen Kudeaketa; Institute for Advanced Research in Business and Economics - INARBE; Gestión de Empresas; Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa
This paper examines the performance effects associated with different alliance portfolio configurations in terms of geographical location and partner type. Based on these distinctions, the authors hypothesize that more diverse alliance portfolios enable firms to gain and exploit innovation opportunities. Additionally, the mediating effects of R&D human and social capital on the R&D alliance portfolio diversity-innovation performance relationship are explored. The authors reason that the absorptive capacity of R&D intellectual capital determines a firm's potential gains from highly diverse alliance portfolios. From panel data of manufacturing firms in Spain for the period 2008-2013, the results confirm the inverted U-shaped relationship between alliance portfolio diversity and firm innovation performance, implying that both insufficient and excessive alliance portfolio diversity may be detrimental to firm innovativeness. Additionally, R&D human and social capital partially mediates the R&D alliance diversity-innovation performance relationship, emphasizing the importance of internal capabilities to leverage the benefits of highly diverse alliance portfolios. These findings add a dynamic dimension to the conceptualization of alliance portfolios and how firms create value by balancing explorative and exploitative alliances.
Open Access
Capturing value from alliance portfolio diversity: the mediating role of R&D human capital in high and low tech industries
(Elsevier, 2017) García Martínez, Marian; Zouaghi, Ferdaous; Sánchez García, Mercedes; Gestión de Empresas; Enpresen Kudeaketa; Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa
Research has demonstrated the value of external linkages to augment in-house R&D efforts; however, very little is known about how managers can operationally leverage the potential benefits of open innovation to create an innovative edge. This paper examines the value of alliance portfolio diversity and whether R&D human capital is the pathway through which alliance portfolio diversity influences innovation novelty. We reason that the absorptive capacity of R&D human capital determines a firm's potential gains from highly diverse alliance portfolios. Using data from the Spanish Technological Innovation Panel (PITEC) for the period 2005–2012, results support the curvilinear (inverted U-shaped) association between alliance portfolio diversity and firm innovation performance reported in studies, suggesting that not only too little, but also too much alliance portfolio diversity may be detrimental to firm innovation performance. Findings emphasise the value of alliance portfolio diversity in high-technology industries to achieve explorative performance objectives, given the technological complexity, market uncertainty and the divergent skill sets required for breakthrough innovations in these sectors. Further, we find evidence that R&D human capital plays an important role in innovation novelty by partially mediating the relationship between alliance partner diversity and firm innovation performance, emphasising the importance of internal capabilities to harness external knowledge assets. This study provides valuable insights to managers aiming to increase the effectiveness of their alliance portfolios.

Sánchez García, Mercedes

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