A longitudinal examination of performance of two ways on innovation in Taiwan: internal R&D investment and external technology aquisition
by Kuen-Hung Tsai, Jiann-Chyuan Wang
International Journal of Technology Management (IJTM), Vol. 39, No. 3/4, 2007

Abstract: While internal Research and Development (R&D) investment and external technology acquisition are the two primary ways adopted by Taiwan's manufacturing firm's for innovation, relatively little research has focused on evaluating the contribution of these two ways of innovation on firm's performance. This study therefore aims to investigate the impact of (1) internal R&D (2) external technology acquisition and (3) internal R&D investment combined with external technology acquisition on firm's performance, focusing on a developing country, Taiwan. A total of 341 electronics-manufacturing firms balanced over the period from 1998 to 2002 are taken as the analytical sample. Based on an extended framework of production function, the results reveal internal R&D investment has a positive effect on firm performance, whereas external technology acquisition per se does not. In addition, the results suggest that the combination of both internal R&D investment and external technology acquisition enhance firm's performance. Furthermore, the sensitivity analyses validate these results of this study.

Online publication date: Wed, 02-May-2007

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology Management (IJTM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com