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Optimal cognitive distance and absorptive capacity |
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| Authors: | Bart Nooteboom Wim Van Haverbeke Geert Duysters |
| Institution: | a Tilburg University, Warandelaan 2, 5000 LE Tilburg, The Netherlands b Hasselt University, Hasselt, Belgium c ECIS—Eindhoven University of Technology, Den Dolech 2, 5612 AZ Eindhoven, The Netherlands |
| Abstract: | In this paper we test the relation between cognitive distance and innovation performance of firms engaged in technology-based alliances. The key finding is that the hypothesis of an inverted U-shaped effect of cognitive distance on innovation performance of firms is confirmed. Moreover, as expected, we found that the positive effect for firms is much higher when engaging in more radical, exploratory alliances than in more exploitative alliances. The effect of cumulative R&D turns out to be mixed. It appears to increase absorptive capacity, as expected, but there is clear evidence that it also reduces the effect of cognitive distance on novelty value, making it increasingly difficult to find additional novelty. |
| Keywords: | Innovation Inter-firm alliances Cognitive distance Absorptive capacity Exploration and exploitation |
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