External Technology Acquisition in Open Innovation and Product Diversification: The Moderating Effect of Dynamic Capabilities

Abstract

Abstract:

In the open innovation, external technology acquisition and its effect on enterprise performance have been concerned widely. But there are few studies about the effect of external technology acquisition on product diversification. This paper conducts a multivariate hierarchical regression analysis using the data of high-tech listed companies in 2010-2012 to test the effect of external technology acquisition on product diversification and the moderating effect of three elements of dynamic capabilities on the relationship. The result shows that external technology acquisition has a positive impact on product diversification significantly, and absorptive capability, adaptive capability and innovative capability of dynamic capabilities moderate the relationship between external technology acquisition and product diversification positively. The study enriches and expends the findings in the field of external technology acquisition and product diversification, providing theoretical guidance for the companies to promote product diversification through external technology acquisition.

Key words: open innovation, external technology acquisition, product diversification, dynamic capabilities

Zhao Feng, Wang Tienan, Wang Yu. External Technology Acquisition in Open Innovation and Product Diversification: The Moderating Effect of Dynamic Capabilities[J]. , 2016, 28(6): 76-85,99.

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