What Firms Don’t Know Can Hurt Them: Overcoming a Lack of Information on Technology

IEB Working Paper N. 2017/19

35 Pages Posted: 27 Dec 2017

See all articles by Jose Garcia-Quevedo

Jose Garcia-Quevedo

Barcelona Institute of Economics (IEB); University of Barcelona - Faculty of Economic Science and Business Studies

Francisco Mas-Verdú

University of Barcelona - Barcelona Institute of Economics (IEB)

Gabriele Pellegrino

Ecole Polytechnique Fédérale de Lausanne

Date Written: December 15, 2017

Abstract

The availability of information on technology is a key factor in the innovation process. Firms that lack such information thereby face a major barrier to innovation. Yet little is known about the types of companies that lack this information. This paper examines what characterises firms that lack information on technology and analyses how innovative companies can overcome this gap in their knowledge. Empirical analysis was conducted with the Panel of Technological Innovation (PITEC), based on the information from the Spanish version of the Community Innovation Survey (CIS). The analysis leads to three principal conclusions. First, a large number of firms perceive the lack of information on technology as a barrier to innovation. Second, there are notable sector differences in the way firms perceive this barrier: High-tech firms perceive lower levels of this barrier. Third, not all sources of information on technology are equally effective at overcoming this barrier. The most useful sources are consultants, commercial laboratories and private R&D institutes.

Keywords: Information on technology, barriers to innovation, sources of information, overcoming obstacles

Suggested Citation

Garcia-Quevedo, Jose and Mas-Verdú, Francisco and Pellegrino, Gabriele, What Firms Don’t Know Can Hurt Them: Overcoming a Lack of Information on Technology (December 15, 2017). IEB Working Paper N. 2017/19. Available at SSRN: https://ssrn.com/abstract=3091568 or http://dx.doi.org/10.2139/ssrn.3091568

Jose Garcia-Quevedo (Contact Author)

Barcelona Institute of Economics (IEB) ( email )

Av. Diagonal 690
Barcelona, E-08034
Spain

University of Barcelona - Faculty of Economic Science and Business Studies ( email )

Barcelona
Spain

Francisco Mas-Verdú

University of Barcelona - Barcelona Institute of Economics (IEB) ( email )

c/ John M. Keynes, 1-11
Barcelona, 08034
Spain

Gabriele Pellegrino

Ecole Polytechnique Fédérale de Lausanne ( email )

Station 5
Odyssea 1.04
1015 Lausanne, CH-1015
Switzerland

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