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Knowledge capital and performance heterogeneity: A firm-level innovation study
Royal Institute of Technology, Industrial Economics and Management, SE-100 44 Stockholm, Sweden.
Department of Economic Statistics, Stockholm School of Economics, Box 6501, SE-113 83 Stockholm, Sweden.ORCID iD: 0000-0002-7902-4683
2002 (English)In: International Journal of Production Economics, ISSN 0925-5273, Vol. 76, no 1, 61-85 p.Article in journal (Refereed) Published
Abstract [en]

This paper is an empirical analysis of knowledge capital and performance heterogeneity at the firm level. We apply new econometric methods to extensive data on innovation and innovative activities in Swedish manufacturing. A number of interesting results emerge. First, the results show that knowledge capital, defined as the ratio of innovation sales to total sales, is found to be a significant factor contributing to performance heterogeneity among firms. This relationship holds even when we control for human capital, type of output, firm size, and the entry, merger, partial closure or exit of firms. Second, knowledge capital rises with innovation input, the firm’s internal knowledge for innovation, and co-operation on innovation with domestic universities. Third, when controlling for differences in innovation investments and human capital, knowledge-intensive firms are not more innovative than labor-intensive or capital-intensive firms. Fourth, organizational rigidities in innovation projects and a lack of appropriate investment sources for innovative activities are found to have a negative impact on productivity. Finally, we find a positive association between an outspoken aggressive innovation strategy, customers and a firm’s internal resources for innovation and the size of innovation investment. ©2002 Elsevier Science B.V. All rights reserved.

Place, publisher, year, edition, pages
2002. Vol. 76, no 1, 61-85 p.
Keyword [en]
Investments; Mergers and acquisitions; Personnel; Sales; Strategic planning, Knowledge capital, Industrial economics
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-24457DOI: 10.1016/S0925-5273(01)00147-5Scopus ID: 2-s2.0-0036497444OAI: oai:DiVA.org:hj-24457DiVA: diva2:743026
Available from: 2014-09-03 Created: 2014-09-01 Last updated: 2016-01-14Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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More styles
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