The Role of Absorptive Capacity in Innovation and Productivity in Chilean Companies: An Adapted CDM Model Across Industries

Acevedo, J. ., & Díaz-Molina, I. . (2021). The Role of Absorptive Capacity in Innovation and Productivity in Chilean Companies: An Adapted CDM Model Across Industries. Journal of Technology Management &Amp; Innovation, 16(4), 22–35. https://doi.org/10.4067/S0718-27242021000400022

31 Pages Posted: 24 Jun 2022

See all articles by Juan Acevedo

Juan Acevedo

Universidad de los Andes, Chile - School of Business and Economics

Ivan Diaz-Molina

ESE Business School

Date Written: June 14, 2022

Abstract

Drawing on an adapted CDM model, we present evidence on the role of strategic and operational absorptive capacity on innovation and productivity across industries in developing economies. Using a pooled cross-sectional sample from Chilean innovation surveys, we find that greater absorptive capacity (ACAP) helps firms to increase their innovative investment and the probability of producing technological innovations, which then increases firms’ labor productivity. Additionally, the effect of the strategic dimension is stronger than the operational dimension aspect, which means that the strategy of reaching these external sources might be more important than the skill of a firm´ internal units to acquire and transform external information. We find that while strategic ACAP is a stronger predictor of investment and technological innovation in both manufacturing and services companies, but operational ACAP has differing effects.

Keywords: nnovation, absorptive capacity, productivity, CDM model

Suggested Citation

Acevedo, Juan and Diaz-Molina, Ivan, The Role of Absorptive Capacity in Innovation and Productivity in Chilean Companies: An Adapted CDM Model Across Industries (June 14, 2022). Acevedo, J. ., & Díaz-Molina, I. . (2021). The Role of Absorptive Capacity in Innovation and Productivity in Chilean Companies: An Adapted CDM Model Across Industries. Journal of Technology Management &Amp; Innovation, 16(4), 22–35. https://doi.org/10.4067/S0718-27242021000400022, Available at SSRN: https://ssrn.com/abstract=4136687

Juan Acevedo (Contact Author)

Universidad de los Andes, Chile - School of Business and Economics ( email )

Chile

Ivan Diaz-Molina

ESE Business School ( email )

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las condes
Santiago, 7620074
Chile
+56226181535 (Phone)

HOME PAGE: http://www.ese.cl

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