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The knowledge spillover of innovation

Audretsch, D. B. and Belitski, M. ORCID: (2022) The knowledge spillover of innovation. Industrial and Corporate Change, 31 (6). pp. 1329-1357. ISSN 1464-3650

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To link to this item DOI: 10.1093/icc/dtac035


This study advances our understanding of knowledge spillover of innovation, putting a firm’s own R&D investment and knowledge spillovers to a competitive test. We use three matched databases of 15,430 firms in the United Kingdom (UK) during the period 2002–2014 in order to demonstrate that knowledge spillovers emanating from R&D investment within and between industries have different effects on innovation compared to imitation and that the ability to access spillover is conditional on the firm’s own investment in R&D. This study furthers our understanding in two different ways. Firstly, it supports the two faces of the R&D story. Second, it demonstrates that the relationship between knowledge spillover and firm innovation depends on the firm’s own investment in R&D and reveals the positive effects of knowledge transfer as well as factors limiting the use of spillovers such as industry competition, transaction costs, and eventually innovation type.

Item Type:Article
Divisions:Henley Business School > Leadership, Organisations and Behaviour
ID Code:106899
Publisher:Oxford University Press


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