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Industrial Innovation and Firm Performance

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Industrial Innovation and Firm Performance

The Impact of Scientific Knowledge on Multinational Corporations

9781847202208 Edward Elgar Publishing
Mario I. Kafouros, Alliance Manchester Business School, The University of Manchester, UK
Publication Date: 2008 ISBN: 978 1 84720 220 8 Extent: 256 pp
It has long been recognized that R&D plays a key role in the global battle for technological leadership. However, due to intense competition and rivals’ imitations, firms are not always able to reap rewards from their innovations. Mario Kafouros theoretically and empirically examines the impacts of innovation and scientific knowledge on the productivity performance of multinational corporations, and the conditions under which companies benefit from their technological discoveries. The book also investigates the extent to which the research efforts of other companies can contribute to a firm’s productivity, and how multinationals build on external inventions, ideas and knowledge.

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It has long been recognized that R&D plays a key role in the global battle for technological leadership. However, due to intense competition and rivals’ imitations, firms are not always able to reap rewards from their innovations. Mario Kafouros theoretically and empirically examines the impacts of innovation and scientific knowledge on the productivity performance of multinational corporations, and the conditions under which companies benefit from their technological discoveries. The book also investigates the extent to which the research efforts of other companies can contribute to a firm’s productivity, and how multinationals build on external inventions, ideas and knowledge.

The results confirm that not all firms can benefit from innovation, and indicate that whilst some companies can turn technological advances into a powerful competitive weapon, innovation for others is merely a defense mechanism. To provide a clearer understanding of the relationship between innovation and firm productivity performance, the book also investigates a number of additional issues including the costs of R&D, the association between the Internet and R&D efficiency, and the role of competition, internationalization, firm size and technological opportunities.

This book will appeal to academics and researchers in the fields of international business, innovation and R&D, productivity and firm performance, the economics of technological change, and knowledge management. As the author examines the conditions under which firms benefit from innovation, managers, R&D directors, economists and government agents may also use the research findings in order to develop strategies and policies to maximize the impacts of innovation.
Contents
Contents: 1. Introduction Part I: The Value of Innovation 2. The Process and Types of R&D and the Role of Scientific Knowledge 3. Innovation: A Competitive Weapon or a Defense Mechanism? 4. Evaluating the Economic Payoff of Industrial Research: A Review of Past Findings Part II: Conceptual and Methodological Issues 5. The Cost of Industrial Research and Development 6. Modeling the Effects of Research and Development 7. The Data: Measuring Innovation and Other Firm Inputs and Outputs Part III: Empirical Findings 8. The Impact of Scientific Knowledge on the Performance of Multinational Corporations 9. The Effects of Innovation Over Time 10. The Role of Knowledge Spillovers 11. The Role of the Internet in Explaining Innovation Performance 12. Conclusion References Index
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