The appropiation of value created through technological innovation: a strategic factor markets approach

• Autores: Joseph Adetunji Adegbesan
• Directores de la Tesis: Joan Enric Ricart i Costa (dir. tes.)
• Lectura: En la Universidad de Navarra ( España ) en 2006
• Idioma: español
• Tribunal Calificador de la Tesis: Joaquim Vila (presid.), Bruno Cassiman (secret.), Vicente Salas (voc.), Peter Zemsky (voc.), Ramón Casadesus-Masanell (voc.)
• Materias:
  • Ciencias económicas
    • Organización y dirección de empresas
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• Resumen

  • THE APPROPRIATION OF VALUÉ CREATED THROUGH TECHNOLOGICAL INNOVATION: A STRATEGIC FACTOR MARKETS APPROACH RESUMEN: This dissertation investigates how and when firms can appropn'ate valué created through technological innovation.The acceleration in technical advancement on all fronts, coupled with the growing pervasiveness of technology in all facets of "life, has led many firms to turn to tecnological innovation as a means of generating superior performance. However recent evidence indicates that while innovative output has surged, firm performance has not followed suit. The question therefore arises as to why the evident advances in value creation through technological innovation are not being translated into superior performance. In response I try to add to our understanding of the determinants of firms' ability to appropiate value created through technological innovation. Taking a resource-based view, I consider how technological innovation requires the combination of resources and capabilities within and across firm boundaries. By building on the bargaining perspective on resource advantage, I extend strategic factor market theory to consider situation where bidding firms vary in their drivers of firms' ability to appropriate value from valuable resources: relative scarcity, superior complementary, and relative bargaining ability. I apply my theoretical approach to innovation based on external technology, showing how the fit between a firm's innovation strategy and distinct dimensions of its absorptive capacity endowment, can permit superior value appropriation. I also use my theory to predict and empirically test differantial intra-alliance performance in biotechnology R&D alliances. Thus this dissertation highlights the distinct roles of resources, capabilities, and dynamic capabilities in successful appropriating value in the face of competition.