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Innovation performance feedback and patent acquisition from the market: A behavioral perspective

Year: 2023

Type: article

Abstract: Firms can facilitate external technology sourcing through transactions from the market. This study focuses on determinants of demand‐side motivation to join the technology transactions market. Drawing on the behavioral theory of the firm, we suggest that one of such determinants is the desire of a firm, whose innovation performance is below its aspiration level, to find a technology that will help improve its performance. Furthermore, we suggest that inconsistent feedback on its multiple goals and the type of R&D structure as moderating factors that can influence a firm's acquisition of technology in response to its poor performance.

Source: Managerial and Decision Economics

DOI: 10.1002/mde.3872

Authors: Jongseon Lee, Nami Kim

Institutions: Myongji University, Hankyong National University

Language: English

Topic: Innovation and Knowledge Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W4362454875

FWCI: 0.569

Cites: 103

Cited by: 4

Related to: 9