A Matter of Location

The Role of Regional Social Capital in Overcoming the Liability of Newness in R&D Acquisition Activities

Keld Laursen, Francesca Masciarelli, Toke Reichstein

    Research output: Contribution to journalJournal articleResearchpeer-review

    202 Downloads (Pure)

    Abstract

    External knowledge acquisition is a precondition for firms’ competitive advantage. However, young firms exhibit a lower propensity to acquire external research and development (R&D) than their older counterparts. The paper explores the role of regional social capital in moderating this aspect of the liability of newness. The results show that young firms operating in regions with low levels of social capital are less likely to acquire R&D externally. However, this is not the case in regions with high levels of social capital, suggesting that the liability of newness in terms of acquisition of external R&D does not play a role in these regions.
    Original languageEnglish
    JournalRegional Studies
    Volume50
    Issue number9
    Pages (from-to)1537-1550
    Number of pages14
    ISSN0034-3404
    DOIs
    Publication statusPublished - 2016

    Keywords

    • Research and development
    • Social capital
    • Liability of newness
    • Geography

    Cite this

    @article{5ea5dd118ddd4ea2986bf17080ba80e8,
    title = "A Matter of Location: The Role of Regional Social Capital in Overcoming the Liability of Newness in R&D Acquisition Activities",
    abstract = "External knowledge acquisition is a precondition for firms’ competitive advantage. However, young firms exhibit a lower propensity to acquire external research and development (R&D) than their older counterparts. The paper explores the role of regional social capital in moderating this aspect of the liability of newness. The results show that young firms operating in regions with low levels of social capital are less likely to acquire R&D externally. However, this is not the case in regions with high levels of social capital, suggesting that the liability of newness in terms of acquisition of external R&D does not play a role in these regions.",
    keywords = "Research and development , Social capital, Liability of newness, Geography, Research and development , Social capital, Liability of newness, Geography",
    author = "Keld Laursen and Francesca Masciarelli and Toke Reichstein",
    year = "2016",
    doi = "10.1080/00343404.2015.1041370",
    language = "English",
    volume = "50",
    pages = "1537--1550",
    journal = "Regional Studies",
    issn = "0034-3404",
    publisher = "Routledge",
    number = "9",

    }

    A Matter of Location : The Role of Regional Social Capital in Overcoming the Liability of Newness in R&D Acquisition Activities. / Laursen, Keld; Masciarelli, Francesca; Reichstein, Toke.

    In: Regional Studies, Vol. 50, No. 9, 2016, p. 1537-1550.

    Research output: Contribution to journalJournal articleResearchpeer-review

    TY - JOUR

    T1 - A Matter of Location

    T2 - The Role of Regional Social Capital in Overcoming the Liability of Newness in R&D Acquisition Activities

    AU - Laursen, Keld

    AU - Masciarelli, Francesca

    AU - Reichstein, Toke

    PY - 2016

    Y1 - 2016

    N2 - External knowledge acquisition is a precondition for firms’ competitive advantage. However, young firms exhibit a lower propensity to acquire external research and development (R&D) than their older counterparts. The paper explores the role of regional social capital in moderating this aspect of the liability of newness. The results show that young firms operating in regions with low levels of social capital are less likely to acquire R&D externally. However, this is not the case in regions with high levels of social capital, suggesting that the liability of newness in terms of acquisition of external R&D does not play a role in these regions.

    AB - External knowledge acquisition is a precondition for firms’ competitive advantage. However, young firms exhibit a lower propensity to acquire external research and development (R&D) than their older counterparts. The paper explores the role of regional social capital in moderating this aspect of the liability of newness. The results show that young firms operating in regions with low levels of social capital are less likely to acquire R&D externally. However, this is not the case in regions with high levels of social capital, suggesting that the liability of newness in terms of acquisition of external R&D does not play a role in these regions.

    KW - Research and development

    KW - Social capital

    KW - Liability of newness

    KW - Geography

    KW - Research and development

    KW - Social capital

    KW - Liability of newness

    KW - Geography

    UR - http://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=954921358425

    U2 - 10.1080/00343404.2015.1041370

    DO - 10.1080/00343404.2015.1041370

    M3 - Journal article

    VL - 50

    SP - 1537

    EP - 1550

    JO - Regional Studies

    JF - Regional Studies

    SN - 0034-3404

    IS - 9

    ER -