Functional Chains of Knowledge Management - Effects on Firms' Innovative Performance
University of Jena - Economics Department
University of Jena
November 5, 2007
Jena Economic Research Paper No. 2007-080
The aim of this paper is to investigate the role of Knowledge Management (KM) for the innovation success of firms. It is assumed that the functional chains of KM lead directly and indirectly to more innovative success via enhancing the recombination of internal and external knowledge assets. To analyse the embedding of KM in a firm's internal system of innovation we establish a structural equation model. We capture KM as latent concept and trace different functional chains by which KM impacts. Using data on KM and innovation success of 351 German firms of the manufacturing sector and knowledge-intensive services located in Thuringia and Hesse, our findings confirm the (dynamic) capability function of KM, which leads via improving exploitation of internal and external innovation assets to more innovation success.
Number of Pages in PDF File: 26
Keywords: Knowledge management, innovation, absorptive capacity, resource-based view, structural equation modelling
JEL Classification: O32, D21, C3
Date posted: November 5, 2007 ; Last revised: November 15, 2007
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