Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries

This paper examines the role exerted by internal innovation efforts and external knowledge assets as dynamic capabilities to overcome adverse economic conditions. Additionally, we examine the differential impacts of the financial crisis in high and low-tech industries. Using panel data of manufactur...

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Autores: Zouaghi, Ferdaous, Sánchez García, Mercedes, García Martínez, Marian
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2018
País:España
Institución:Universidad Pública de Navarra
Repositorio:Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
OAI Identifier:oai:academica-e.unavarra.es:2454/38613
Acceso en línea:https://hdl.handle.net/2454/38613
Access Level:acceso abierto
Palabra clave:Financial crisis
Innovation performance
Internal capabilities
R&amp
D human capital
External knowledge resources
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spelling Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industriesZouaghi, FerdaousSánchez García, MercedesGarcía Martínez, MarianFinancial crisisInnovation performanceInternal capabilitiesR&ampD human capitalExternal knowledge resourcesThis paper examines the role exerted by internal innovation efforts and external knowledge assets as dynamic capabilities to overcome adverse economic conditions. Additionally, we examine the differential impacts of the financial crisis in high and low-tech industries. Using panel data of manufacturing firms in Spain for the period 2006–2013, our results show that maintaining strong internal and external knowledge capabilities enables firms to mitigate the effects of the financial crisis. Findings emphasize the value of human capital, by enabling internal capabilities, as a coping mechanisms in low-tech sectors during the financial downturn. Similarly, open innovation allows firms to minimise the resources limitations and risk surrounding innovation, particularly during the financial crisis. This study provides valuable insights to managers aiming to develop strong internal knowledge bases to remain competitive under uncertain financial conditions.The authors gratefully acknowledge the funding received through the AGL2015-65897-C03-1_R research project co-financed by FEDER, and they would also like to express their gratitude for the financial support received from the Caja Navarra Foundation and the Institute for Advanced Research in Business and Economics (INARBE, Public University of Navarre, Spain) for the acquisition of the Postdoctoral Fellowship.ElsevierGestión de EmpresasEnpresen KudeaketaUniversidad Pública de Navarra / Nafarroako Unibertsitate Publikoa2018info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://hdl.handle.net/2454/38613reponame:Academica-e. Repositorio Institucional de la Universidad Pública de Navarrainstname:Universidad Pública de NavarraInglésinfo:eu-repo/grantAgreement/MINECO//AGL2015-65897-C3-1-R© 2018 Elsevier Inc. This manuscript version is made available under the CC-BY-NC-ND 4.0https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:academica-e.unavarra.es:2454/386132026-06-17T12:41:47Z
dc.title.none.fl_str_mv Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
title Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
spellingShingle Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
Zouaghi, Ferdaous
Financial crisis
Innovation performance
Internal capabilities
R&amp
D human capital
External knowledge resources
title_short Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
title_full Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
title_fullStr Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
title_full_unstemmed Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
title_sort Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries
dc.creator.none.fl_str_mv Zouaghi, Ferdaous
Sánchez García, Mercedes
García Martínez, Marian
author Zouaghi, Ferdaous
author_facet Zouaghi, Ferdaous
Sánchez García, Mercedes
García Martínez, Marian
author_role author
author2 Sánchez García, Mercedes
García Martínez, Marian
author2_role author
author
dc.contributor.none.fl_str_mv Gestión de Empresas
Enpresen Kudeaketa
Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa
dc.subject.none.fl_str_mv Financial crisis
Innovation performance
Internal capabilities
R&amp
D human capital
External knowledge resources
topic Financial crisis
Innovation performance
Internal capabilities
R&amp
D human capital
External knowledge resources
description This paper examines the role exerted by internal innovation efforts and external knowledge assets as dynamic capabilities to overcome adverse economic conditions. Additionally, we examine the differential impacts of the financial crisis in high and low-tech industries. Using panel data of manufacturing firms in Spain for the period 2006–2013, our results show that maintaining strong internal and external knowledge capabilities enables firms to mitigate the effects of the financial crisis. Findings emphasize the value of human capital, by enabling internal capabilities, as a coping mechanisms in low-tech sectors during the financial downturn. Similarly, open innovation allows firms to minimise the resources limitations and risk surrounding innovation, particularly during the financial crisis. This study provides valuable insights to managers aiming to develop strong internal knowledge bases to remain competitive under uncertain financial conditions.
publishDate 2018
dc.date.none.fl_str_mv 2018
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2454/38613
url https://hdl.handle.net/2454/38613
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/grantAgreement/MINECO//AGL2015-65897-C3-1-R
dc.rights.none.fl_str_mv © 2018 Elsevier Inc. This manuscript version is made available under the CC-BY-NC-ND 4.0
https://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © 2018 Elsevier Inc. This manuscript version is made available under the CC-BY-NC-ND 4.0
https://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
instname:Universidad Pública de Navarra
instname_str Universidad Pública de Navarra
reponame_str Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
collection Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
repository.name.fl_str_mv
repository.mail.fl_str_mv
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