Learning-From-Parents: how knowledge learning, knowledge flow and exploitation/exploration influence innovation performance of joint venture?
Date Issued
2008
Date
2008
Author(s)
Lin, Jun-You
Abstract
Innovation requires that firms continually acquire and develop new knowledge and skill. But the sources and the process of innovation are rarely confined within the boundaries of individual firms. Innovation is such a complex and uncertain activity; it commonly requires the combination of knowledge from a multiplicity of sources. One of the collaboration between firms is a joint venture, formed by two or more partners as a separate company with shared equity investments. It could be a strong mechanism linking firms on the basis of continuing commitment to share innovational objectives. According to these, there are four research objectives as described below.. To examine the main effect of knowledge learning, knowledge flow from its parents’ on innovation performance of joint venture. . To examine the main effect of exploitation/exploration with its parents’ on innovation performance of joint venture. . To examine whether parent knowledge richness, parent knowledge diversity and JV knowledge diversity will moderate the relationship between knowledge learning, knowledge flow and innovation performance.. To examine whether JV-Parent similarity in technology, country and industry will moderate the relationship between exploitation/exploration and innovation performance.he result sheds new light by identifying knowledge learning, knowledge flow benefit innovation for joint venture. Parent knowledge diversity and joint venture knowledge diversity appears to be positive moderators by which leverage knowledge learning or knowledge flow for the development of innovation. Parent knowledge richness negatively moderates the relationship between knowledge flow and innovation performance of the joint venture. This thesis contributes to the ongoing discussion of the exploitation/exploration conceptualization in the strategic management literature. The primary conclusion presents a joint venture’s exploitation from its parent’s knowledge has an inverted U-shaped relationship which suggests the existence for an optimal level of exploitation for joint venture’s innovation performance. JV-Parents technology similarity and country similarity positively moderates the relationship between knowledge exploitation and innovation performance of joint venture. Besides, industrial similarity would achieve a better improvement effect on innovation performance when they are in a lower degree of exploitation. The contributions let us to understand the static and dynamic relational interaction between joint venture and parents to explain the innovation performance.
Subjects
knowledge-based view
resource dependence theory
joint venture
knowledge learning
knowledge flow
exploitation and exploration.
SDGs
Type
thesis
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