Complementarities of R&D strategies on innovation performance: Evidence from taiwanese manufacturing firms

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Title:	Complementarities of R&D strategies on innovation performance: Evidence from taiwanese manufacturing firms
Authors:	蕭義棋;Lin, Eric S.;Hsiao, Yi-Chi;Lin, Hui-lin
Contributors:	管理學院企業管理學系
Keywords:	complementarities;innovation;multivariate probit model;R&D strategy
Date:	2014-01-28
Issue Date:	2026-04-23 11:18:40 (UTC+8)
Publisher:	Vilnius Gediminas Technical University
Abstract:	摘要： This paper aims to empirically test the R&D complementarities among three alternative R&D strategies, namely, internal R&D, external R&D and cooperative R&D, under different measures of innovation output. Using a firm-level data set based on the Taiwanese innovation survey (in accordance with CIS 3) conducted in 2003, we are able to compare the R&D activities in this newly-industrialized country with other developed countries. Additionally, we apply a two-step procedure to reduce the endogeneity problem caused by the firms’ choices of strategies to obtain consistent estimators, which can be regarded as a combined method of adoption and productivity approaches. We show that the results of the estimation for R&D complementarities may be biased upwards or downwards if we do not include selection equations in the empirical models, thereby giving rise to endogeneity problems. Our empirical results generally support the existence of R&D complementarities, while the strength of complementary effects may vary across different measures of innovation output. Moreover, our finding suggests that the complementary relationship between external and cooperative R&D is fairly robust to various model specifications. 出版者： Vilnius Gediminas Technical University 出版日期： 2014-01-01 出處： Technological and economic development of economy, 2014-01, Vol.19 (1) 資源來源： EBSCOhost Business Source Premier 識別號： ISSN: 2029-4913 識別號： EISSN: 2029-4921 識別號： DOI: 10.3846/20294913.2013.876684
Appears in Collections:	[Department of Business Administration ] journal & Dissertation

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