Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24629
Authors: 
Sofka, Wolfgang
Year of Publication: 
2007
Series/Report no.: 
ZEW Discussion Papers 07-055
Abstract: 
This study focuses on the early stages of international innovation activities, i.e. the organizational processes through which promising ideas from around the globe are collected and evaluated. We ask: What characteristics make foreign knowledge interesting to domestic R&D managers? We envision this process as a balancing act between direct transaction costs for communication and coordination and indirect transaction costs from overlooking or misinterpreting important global trends. These hypotheses are tested through a conjoint analysis among 158 heads of R&D departments of German high-tech firms. We find that uncertainty avoidance is the most important driver. Radically new ideas from dynamic markets are most attractive and must not be overlooked. Complementarities with existing knowledge stocks and low language barriers are also important but to a lesser degree. Interestingly, we find no distinction between market and technological impulses.
Subjects: 
Globalization
sensing
innovation impulses
conjoint analysis
JEL: 
O32
O31
F23
Document Type: 
Working Paper

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