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Complementarities in the sourcing, use and exploitation of managerial and technological innovations
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Battisti, Giuliana and Stoneman, Paul (2023) Complementarities in the sourcing, use and exploitation of managerial and technological innovations. Economics of Innovation and New Technology, 32 (3). pp. 393-413. doi:10.1080/10438599.2021.1924697 ISSN 1476-8364.
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WRAP-Complementarities-sourcing-exploitation-managerial-technological-innovations-2021.pdf - Accepted Version - Requires a PDF viewer. Download (1294Kb) | Preview |
Official URL: https://doi.org/10.1080/10438599.2021.1924697
Abstract
This paper is primarily concerned with how managerial and technological innovations interact, and their relationship with firm performance. Parallels between managerial innovations and investments in intangibles are highlighted. Using an existing data set relating to 1497 UK enterprises in 2009 with an emphasis upon the service sector, it is shown that firms both source and use managerial and technological innovations and different types thereof simultaneously, suggesting widespread complementarities. Factor analysis is used to generate combined indicators of firms’ overall efforts in both sourcing and using different innovations and enables their allocation to clusters. The most active sourcing and using clusters are the smallest, whilst the least active are the largest. Firm characteristics differ across both sourcing and using clusters in expected ways. Further, (i) there is a positive relationship between corporate performance and the intensity of both sourcing and using innovations, and (ii) firms undertaking technological (managerial) innovation experience greater improvement in sales growth if they also undertake managerial (technological) innovation. The findings indicate that reliance upon either managerial or technological indicators of innovation alone could be misleading in terms of both measuring the extent of innovation and the impacts of different types of innovation upon firm performance.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HF Commerce T Technology > T Technology (General) |
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Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
SWORD Depositor: | Library Publications Router | ||||||||
Library of Congress Subject Headings (LCSH): | Technological innovations -- Management, Organizational change, Information technology -- Management, Performance -- Management, Intangible property | ||||||||
Journal or Publication Title: | Economics of Innovation and New Technology | ||||||||
Publisher: | Informa UK Limited | ||||||||
ISSN: | 1476-8364 | ||||||||
Official Date: | 2023 | ||||||||
Dates: |
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Volume: | 32 | ||||||||
Number: | 3 | ||||||||
Page Range: | pp. 393-413 | ||||||||
DOI: | 10.1080/10438599.2021.1924697 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | “This is an Accepted Manuscript of an article published by Taylor & Francis in Economics of Innovation and New Technology on 10/05/2021, available online: http://www.tandfonline.com/10.1080/10438599.2021.1924697 | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 2 June 2021 | ||||||||
Date of first compliant Open Access: | 10 November 2022 |
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