The Effects of Knowledge Management on Innovative Success: An Empirical Analysis of German Firms

40 Pages Posted: 8 Jun 2016

See all articles by Uwe Cantner

Uwe Cantner

Friedrich Schiller University Jena

Kristin Joel

University of Jena

Tobias Schmidt

Deutsche Bundesbank - Research Center

Date Written: 2009

Abstract

The aim of this paper is to analyse the effects of knowledge management on the innovation success of firms in Germany. Using a matching procedure on data from the German Innovation Survey of 2003 (Mannheim Innovation Panel), we pair firms applying knowledge management with twin firms with similar characteristics not applying knowledge management. Our focus is on investigating the effects of knowledge management techniques on the economic success of firms with product and process innovations. The results of our matching analysis reveal that firms which apply knowledge management perform better in terms of higher-than-average shares of turnover with innovative products compared to their twins. We do not find a significant effect of knowledge management on the share of cost reductions with process innovation.

Keywords: knowledge management, innovation, matching estimator

JEL Classification: O32, L23, L25, M11

Suggested Citation

Cantner, Uwe and Joel, Kristin and Schmidt, Tobias, The Effects of Knowledge Management on Innovative Success: An Empirical Analysis of German Firms (2009). Bundesbank Series 1 Discussion Paper No. 2009,16. Available at SSRN: https://ssrn.com/abstract=2785345

Uwe Cantner (Contact Author)

Friedrich Schiller University Jena ( email )

Fuerstengraben 1
Jena, Thuringa 07743
Germany

Kristin Joel

University of Jena ( email )

Furstengraben 1
Jena, Thuringa 07743
Germany

Tobias Schmidt

Deutsche Bundesbank - Research Center ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

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