Gaining from Scientific Knowledge: The Role of Knowledge Accumulation and Knowledge Combination

IRPN: Science Pub Date : 2017-11-30 DOI:10.1111/radm.12322
Chia-I Kuo, Chia-Hung Wu, B. Lin
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引用次数: 22

Abstract

This paper investigates the effect of scientific knowledge on the performance of biotechnology and pharmaceutical companies. While sourcing knowledge from scientific community is a common strategy of open innovation, biotechnology and pharmaceutical companies show particularly strong dependence on scientific knowledge than companies in other industries. In such strong science-linkage regime, the relation between science linkage and firm financial performance is more complex than what is generally assumed. From the perspective of absorptive capacity, we argue that knowledge accumulation and knowledge combination preference both affect a firm’s ability to gain higher commercial benefits from scientific knowledge. We use patent citation data to empirically test our hypotheses. The results indicate that science linkage alone has positive effect on firm performance. The positive effect will be increased when firms have knowledge combination preference on more self-citation and longer technology cycle time. How...
从科学知识中获取:知识积累与知识组合的作用
本文研究了科学知识对生物技术和制药公司绩效的影响。虽然从科学界获取知识是开放式创新的共同战略,但生物技术和制药公司比其他行业的公司对科学知识的依赖性特别强。在这种强科学联系机制下,科学联系与企业财务绩效之间的关系比通常假设的更为复杂。从吸收能力的角度,我们认为知识积累和知识组合偏好都会影响企业从科学知识中获得更高商业利益的能力。我们使用专利引用数据对我们的假设进行实证检验。研究结果表明,科学关联本身对企业绩效有正向影响。当企业的知识组合偏好对自我引用次数越多、技术周期越长时,这种正向效应就会增强。如何……
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