Obstacles to Innovation and External Sourcing of Knowledge: Evidence for German and Spanish Firms

31 Pages Posted: 25 Jun 2018

See all articles by Estefanía Gómez

Estefanía Gómez

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF), Students

Elena Huergo

Universidad Complutense de Madrid (UCM) - Faculty of Economics and Business Administration; Universidad Complutense de Madrid (UCM) - Instituto Complutense de Análisis Económico | ICAE

Mery Tamayo

Universidad EAFIT

Date Written: May 16, 2018

Abstract

The goal of this research is to empirically study the relationship between obstacles perceived by companies to carrying out their innovation activities and their decisions about external sourcing of knowledge through the outsourcing of R&D or technological cooperation. Using information on German and Spanish companies from the year 2010, we obtain that in both countries this association is positive, and that companies that assign greater importance to factors that impede their innovation activities are also more likely to engage in external sourcing of knowledge. This relationship seems to be especially strong in companies that do not engage in internal R&D activities or do so sporadically, while it is much weaker in companies that perform internal R&D continuously. Nonetheless, the importance that companies assign to the market power of established companies as a barrier to innovation is positively associated with technological cooperation especially in continuous R&D performers.

Keywords: Obstacles to innovation, outsourcing, technological cooperation

JEL Classification: L2, O3, O57

Suggested Citation

Gómez, Estefanía and Huergo, Elena and Huergo, Elena and Tamayo, Mery, Obstacles to Innovation and External Sourcing of Knowledge: Evidence for German and Spanish Firms (May 16, 2018). Center for Research in Economics and Finance (CIEF), Working Papers, No. 18-05, Available at SSRN: https://ssrn.com/abstract=3202349 or http://dx.doi.org/10.2139/ssrn.3202349

Estefanía Gómez

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF), Students ( email )

Carrera 49 No. 7 South - 50
Bogota
Colombia

Elena Huergo

Universidad Complutense de Madrid (UCM) - Instituto Complutense de Análisis Económico | ICAE ( email )

Pozuelo, MADRID 28260
Spain

Universidad Complutense de Madrid (UCM) - Faculty of Economics and Business Administration ( email )

School of Business Administration
Somosaguas Campus
Madrid, Madrid 28223
Spain

Mery Tamayo (Contact Author)

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Bogotá, Antioquia 00000
Colombia

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