The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Fortune Favors the Prepared Firm
Abstract
A critical factor in industrial competitiveness is the ability of firms to exploit new technological developments. We term this ability a firm's absorptive capacity and argue that such a capability not only enables a firm to exploit new extramural knowledge, but to predict more accurately the nature of future technological advances. We develop a stylized model in which we focus exclusively on firms' decisions to invest in their absorptive capacities. We first examine a monopolist's investment decision, analyzing the path dependence of its investment and the effect of uncertainty. We then consider the effect of competition by modeling the impact of entry on an incumbent's investment behavior. Implications for management and public policy are then discussed.
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Citations
Cites
Innovation and Learning: The Two Faces of R & D
Cohen, W. M., & Levinthal, D. A. (1989) · The Economic Journal · doi:10.2307/2233763 · Cited by 7,530
Self-citationTechnology Transfer by Multinational Firms: The Resource Cost of Transferring Technological Know-How
Teece, D. J. (1977) · The Economic Journal · doi:10.2307/2232084 · Cited by 1,464
Cited by
Absorptive Capacity: A Review, Reconceptualization, and Extension
Zahra, S. A., & George, G. (2002) · The Academy of Management Review · doi:10.5465/amr.2002.6587995 · Cited by 10,758
SOMETHING OLD, SOMETHING NEW: A LONGITUDINAL STUDY OF SEARCH BEHAVIOR AND NEW PRODUCT INTRODUCTION.
Katila, R., & Ahuja, G. (2002) · Academy of Management Journal · doi:10.2307/3069433 · Cited by 3,640
The reification of absorptive capacity: A critical review and rejuvenation of the construct
Lane, P. J., Koka, B. R., & Pathak, S. (2006) · Academy of Management Review · doi:10.5465/amr.2006.22527456 · Cited by 2,880
INTERNATIONAL EXPANSION THROUGH START-UP OR ACQUISITION: A LEARNING PERSPECTIVE.
Barkema, H. G., & Vermeulen, F. (1998) · Academy of Management Journal · doi:10.2307/256894 · Cited by 1,579
Organizational improvisation and organizational memory
Moorman, C., & Miner, A. S. (1998) · The Academy of Management Review · doi:10.2307/259058 · Cited by 1,248
First mover advantages in international business and firm-specific political resources
Frynas, J. G., Mellahi, K., & Pigman, G. A. (2006) · Strategic Management Journal · doi:10.1002/smj.519 · Cited by 419
Metadata
- Authors
- Cohen, W. M., & Levinthal, D. A.
- Venue
- Management Science
- Published
- 1994-02
- Volume
- 40
- Issue
- 2
- Pages
- 227-251
- ISSN
- 0025-1909 (ISSN-L)
- 1526-5501
- OpenAlex
- W2141673789
- Cited by
- 764
- References
- 2
- FWCI
- 37.98
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
