메뉴 건너뛰기




Volumn 38, Issue 1, 2009, Pages 106-119

The effect of financial constraints, absorptive capacity and complementarities on the adoption of multiple process technologies

Author keywords

Absorptive capacity; Adoption; Diffusion; Internal R D; Process technologies

Indexed keywords

COMPUTER AIDED DESIGN; COMPUTER CONTROL SYSTEMS; FINANCE; MACHINE DESIGN;

EID: 57749169938     PISSN: 00487333     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.respol.2008.10.013     Document Type: Article
Times cited : (66)

References (69)
  • 1
    • 0036993614 scopus 로고    scopus 로고
    • Noncapital investment costs and the adoption of CAD and CNC in US metalworking industries
    • Astebro T. Noncapital investment costs and the adoption of CAD and CNC in US metalworking industries. Rand Journal of Economics 33 4 (2002) 672-688
    • (2002) Rand Journal of Economics , vol.33 , Issue.4 , pp. 672-688
    • Astebro, T.1
  • 2
    • 5644302668 scopus 로고    scopus 로고
    • Sunk costs and the depth and probability of technology adoption.
    • Astebro T. Sunk costs and the depth and probability of technology adoption. The Journal of Industrial Economics LII 3 (2004) 381-399
    • (2004) The Journal of Industrial Economics , vol.LII , Issue.3 , pp. 381-399
    • Astebro, T.1
  • 3
    • 0141574055 scopus 로고    scopus 로고
    • The determinants of the adoption of advanced manufacturing technology. An empirical analysis based on firm-level data for Swiss manufacturing
    • Arvanitis S., and Hollenstein H. The determinants of the adoption of advanced manufacturing technology. An empirical analysis based on firm-level data for Swiss manufacturing. Economics of Innovation and New Technology 10 (2001) 377-414
    • (2001) Economics of Innovation and New Technology , vol.10 , pp. 377-414
    • Arvanitis, S.1    Hollenstein, H.2
  • 4
    • 31244438071 scopus 로고    scopus 로고
    • Impediments to advanced technology adoption for Canadian manufacturers
    • Baldwin J., and Lin Z. Impediments to advanced technology adoption for Canadian manufacturers. Research Policy 31 (2002) 1-18
    • (2002) Research Policy , vol.31 , pp. 1-18
    • Baldwin, J.1    Lin, Z.2
  • 7
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney J.B. Firm resources and sustained competitive advantage. Journal of Management 17 (1991) 99-120
    • (1991) Journal of Management , vol.17 , pp. 99-120
    • Barney, J.B.1
  • 8
    • 0034770798 scopus 로고    scopus 로고
    • The determinants of technology adoption in Italian manufacturing industries
    • Bartolony E., and Baussola M. The determinants of technology adoption in Italian manufacturing industries. Review of Industrial Organization 19 (2001) 305-328
    • (2001) Review of Industrial Organization , vol.19 , pp. 305-328
    • Bartolony, E.1    Baussola, M.2
  • 10
    • 33645240374 scopus 로고    scopus 로고
    • R&D productivity and spillovers at the firm level: evidence from Spanish panel data
    • Beneito P. R&D productivity and spillovers at the firm level: evidence from Spanish panel data. Investigaciones Económicas 25 2 (2001) 289-313
    • (2001) Investigaciones Económicas , vol.25 , Issue.2 , pp. 289-313
    • Beneito, P.1
  • 11
    • 84867975289 scopus 로고    scopus 로고
    • Choosing among alternative technological strategies: an empirical analysis of formal sources of innovation
    • Beneito P. Choosing among alternative technological strategies: an empirical analysis of formal sources of innovation. Research Policy 32 4 (2003) 693-713
    • (2003) Research Policy , vol.32 , Issue.4 , pp. 693-713
    • Beneito, P.1
  • 12
    • 0000246939 scopus 로고
    • Technological regimes and innovation in services: the case of the Italian banking industry
    • Buzzachi L., Colombo M.G., and Mariotti S. Technological regimes and innovation in services: the case of the Italian banking industry. Research Policy 24 (1995) 151-168
    • (1995) Research Policy , vol.24 , pp. 151-168
    • Buzzachi, L.1    Colombo, M.G.2    Mariotti, S.3
  • 13
    • 37849188297 scopus 로고    scopus 로고
    • Financing Constraints in the inter firm diffusion of new process technologies
    • Canepa A., and Stoneman P. Financing Constraints in the inter firm diffusion of new process technologies. The Journal of Technology Transfer, Springer 30 2-2 (2005) 159-169
    • (2005) The Journal of Technology Transfer, Springer , vol.30 , Issue.2-2 , pp. 159-169
    • Canepa, A.1    Stoneman, P.2
  • 14
    • 24944505884 scopus 로고    scopus 로고
    • Multivariate probit regression using simulated maximum likelihood
    • Cappellari L., and Jenkins S.P. Multivariate probit regression using simulated maximum likelihood. The Stata Journal 3 3 (2003) 278-294
    • (2003) The Stata Journal , vol.3 , Issue.3 , pp. 278-294
    • Cappellari, L.1    Jenkins, S.P.2
  • 16
    • 70350100712 scopus 로고
    • Empirical studies of innovation and market structure
    • Schmalensee, and Willing R. (Eds), North Holland
    • Cohen W., and Levin R. Empirical studies of innovation and market structure. In: Schmalensee, and Willing R. (Eds). Handbook of Industrial Organisation (1989), North Holland 1059-1107
    • (1989) Handbook of Industrial Organisation , pp. 1059-1107
    • Cohen, W.1    Levin, R.2
  • 17
    • 0000041791 scopus 로고
    • Innovation and learning: the two faces of R&D
    • Cohen W.M., and Levinthal D.A. Innovation and learning: the two faces of R&D. The Economic Journal 99 397 (1989) 569-596
    • (1989) The Economic Journal , vol.99 , Issue.397 , pp. 569-596
    • Cohen, W.M.1    Levinthal, D.A.2
  • 18
    • 84936166194 scopus 로고
    • Absorptive capacity: a new perspective on learning and innovation
    • Cohen W.M., and Levinthal D.A. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 35 (1990) 128-152
    • (1990) Administrative Science Quarterly , vol.35 , pp. 128-152
    • Cohen, W.M.1    Levinthal, D.A.2
  • 19
    • 21844505040 scopus 로고
    • Complementarity and cumulative learning effects in the early diffusion of multiple technologies
    • Colombo M.C., and Mosconi R. Complementarity and cumulative learning effects in the early diffusion of multiple technologies. The Journal of Industrial Economics 43 1 (1995) 13-48
    • (1995) The Journal of Industrial Economics , vol.43 , Issue.1 , pp. 13-48
    • Colombo, M.C.1    Mosconi, R.2
  • 20
    • 21844502049 scopus 로고
    • Rewards to investors in innovative information technology applications: first movers and early followers in ATMs
    • Dos Santos B., and Peffers K. Rewards to investors in innovative information technology applications: first movers and early followers in ATMs. Organization Science 6 3 (1995) 241-259
    • (1995) Organization Science , vol.6 , Issue.3 , pp. 241-259
    • Dos Santos, B.1    Peffers, K.2
  • 21
    • 33646244035 scopus 로고    scopus 로고
    • Multipoint competition, strategic similarity and entry into geographic-markets
    • Fuentelsaz L., and Gómez J. Multipoint competition, strategic similarity and entry into geographic-markets. Strategic Management Journal 27 5 (2006) 477-499
    • (2006) Strategic Management Journal , vol.27 , Issue.5 , pp. 477-499
    • Fuentelsaz, L.1    Gómez, J.2
  • 22
    • 84867921197 scopus 로고    scopus 로고
    • Intrafirm diffusion of new technologies. An empirical application
    • Fuentelsaz L., Gómez J., and Polo Y. Intrafirm diffusion of new technologies. An empirical application. Research Policy 32 (2003) 533-551
    • (2003) Research Policy , vol.32 , pp. 533-551
    • Fuentelsaz, L.1    Gómez, J.2    Polo, Y.3
  • 23
    • 16344369850 scopus 로고
    • New technology adoption in the Canadian paper industry
    • Globerman S. New technology adoption in the Canadian paper industry. Industrial Organization Review 4 (1976) 5-12
    • (1976) Industrial Organization Review , Issue.4 , pp. 5-12
    • Globerman, S.1
  • 24
    • 84989036021 scopus 로고
    • The problem of unobservables in strategic management
    • Godfrey P.C., and Hill C.W. The problem of unobservables in strategic management. Strategic Management Journal 16 7 (1995) 519-533
    • (1995) Strategic Management Journal , vol.16 , Issue.7 , pp. 519-533
    • Godfrey, P.C.1    Hill, C.W.2
  • 25
    • 0000153011 scopus 로고
    • Hibrid corn: an exploration in the economics of technological change
    • Griliches Z. Hibrid corn: an exploration in the economics of technological change. Econometrica 25 4 (1957) 501-522
    • (1957) Econometrica , vol.25 , Issue.4 , pp. 501-522
    • Griliches, Z.1
  • 26
    • 0000142864 scopus 로고
    • The determinants of technology adoption: the case of the banking firm
    • Hannan T.H., and McDowell J.M. The determinants of technology adoption: the case of the banking firm. Rand Journal of Economics 15 3 (1984) 328-335
    • (1984) Rand Journal of Economics , vol.15 , Issue.3 , pp. 328-335
    • Hannan, T.H.1    McDowell, J.M.2
  • 27
    • 0010846725 scopus 로고
    • Market concentration and the diffusion of new technology in the banking industry
    • Hannan T.H., and McDowell J.M. Market concentration and the diffusion of new technology in the banking industry. The Review of Economics and Statistics 66 (1984) 686-691
    • (1984) The Review of Economics and Statistics , vol.66 , pp. 686-691
    • Hannan, T.H.1    McDowell, J.M.2
  • 28
    • 0001595197 scopus 로고
    • Rival precedence and the dynamics of technology adoption: an empirical analysis
    • Hannan T.H., and McDowell J.M. Rival precedence and the dynamics of technology adoption: an empirical analysis. Economica 54 (1986) 155-171
    • (1986) Economica , vol.54 , pp. 155-171
    • Hannan, T.H.1    McDowell, J.M.2
  • 30
    • 85076802704 scopus 로고
    • Rank, stock, order, and epidemic effects in the diffusion of new process technologies: an empirical model
    • Karshenas M., and Stoneman P. Rank, stock, order, and epidemic effects in the diffusion of new process technologies: an empirical model. Rand Journal of Economics 24 4 (1993) 503-528
    • (1993) Rand Journal of Economics , vol.24 , Issue.4 , pp. 503-528
    • Karshenas, M.1    Stoneman, P.2
  • 31
    • 0001751240 scopus 로고    scopus 로고
    • Determinants of the adoption of information technology: a case study of electrical and electronic goods manufacturing firms in India
    • Lal K. Determinants of the adoption of information technology: a case study of electrical and electronic goods manufacturing firms in India. Research Policy 28 (1999) 667-680
    • (1999) Research Policy , vol.28 , pp. 667-680
    • Lal, K.1
  • 32
    • 31244434284 scopus 로고    scopus 로고
    • E-business and manufacturing sector: a study of small and medium-sized enterprises in India
    • Lal K. E-business and manufacturing sector: a study of small and medium-sized enterprises in India. Research Policy 31 (2002) 1199-1211
    • (2002) Research Policy , vol.31 , pp. 1199-1211
    • Lal, K.1
  • 33
    • 33750409255 scopus 로고    scopus 로고
    • The reification of absorptive capacity: a critical review and rejuvenation of the construct
    • Lane P.J., Koka B.R., and Pathak S. The reification of absorptive capacity: a critical review and rejuvenation of the construct. Academy of Management Review 31 4 (2006) 833-863
    • (2006) Academy of Management Review , vol.31 , Issue.4 , pp. 833-863
    • Lane, P.J.1    Koka, B.R.2    Pathak, S.3
  • 34
    • 0000354529 scopus 로고
    • Managerial influence in the implementation of new technology
    • Leonard Barton D., and Deschamps I. Managerial influence in the implementation of new technology. Management Science 34 10 (1988) 1252-1265
    • (1988) Management Science , vol.34 , Issue.10 , pp. 1252-1265
    • Leonard Barton, D.1    Deschamps, I.2
  • 35
    • 0001847613 scopus 로고
    • A dynamic analysis of the adoption of a new technology, the case of optical scanners
    • Levin S.G., Levin S.L., and Meisel J.B. A dynamic analysis of the adoption of a new technology, the case of optical scanners. The Review of Economics and Statistics 69 1 (1987) 12-17
    • (1987) The Review of Economics and Statistics , vol.69 , Issue.1 , pp. 12-17
    • Levin, S.G.1    Levin, S.L.2    Meisel, J.B.3
  • 37
    • 0000924633 scopus 로고
    • Technical change and the rate of imitation
    • Mansfield E. Technical change and the rate of imitation. Econometrica 29 4 (1961) 741-766
    • (1961) Econometrica , vol.29 , Issue.4 , pp. 741-766
    • Mansfield, E.1
  • 38
    • 38249007132 scopus 로고
    • The diffusion of industrial robots in Japan and the United States
    • Mansfield E. The diffusion of industrial robots in Japan and the United States. Research Policy 18 (1988) 183-192
    • (1988) Research Policy , vol.18 , pp. 183-192
    • Mansfield, E.1
  • 40
    • 0033196272 scopus 로고    scopus 로고
    • Explaining the decisions to carry out product and process innovations: the Spanish case
    • Martínez-Ros E. Explaining the decisions to carry out product and process innovations: the Spanish case. Journal of High Technology Management Research 10 2 (2000) 223-242
    • (2000) Journal of High Technology Management Research , vol.10 , Issue.2 , pp. 223-242
    • Martínez-Ros, E.1
  • 41
    • 0000360017 scopus 로고    scopus 로고
    • A consistent analysis of diversification decisions with non-observable time effects
    • Merino F., and Rodríguez D. A consistent analysis of diversification decisions with non-observable time effects. Strategic Management Journal 18 (1997) 733-743
    • (1997) Strategic Management Journal , vol.18 , pp. 733-743
    • Merino, F.1    Rodríguez, D.2
  • 42
    • 0011695684 scopus 로고
    • Empresa extranjera y manufactura española: efectos directos e indirectos
    • Merino F., and Salas V. Empresa extranjera y manufactura española: efectos directos e indirectos. Revista de Economía Aplicada 9 (1995) 105-131
    • (1995) Revista de Economía Aplicada , vol.9 , pp. 105-131
    • Merino, F.1    Salas, V.2
  • 43
    • 0002335404 scopus 로고
    • The economics of modern manufacturing: technology, strategy and organization
    • Milgrom P., and Roberts J. The economics of modern manufacturing: technology, strategy and organization. The American Economic Review 80 3 (1990) 511-528
    • (1990) The American Economic Review , vol.80 , Issue.3 , pp. 511-528
    • Milgrom, P.1    Roberts, J.2
  • 44
    • 77951137263 scopus 로고    scopus 로고
    • Innovation complementarity and scale of production
    • CEPR, London
    • Miravete E., and Pernias J. Innovation complementarity and scale of production. CEPR Discussion Paper No. 4483 (2004), CEPR, London
    • (2004) CEPR Discussion Paper No. 4483
    • Miravete, E.1    Pernias, J.2
  • 45
    • 0002181109 scopus 로고
    • The diffusion of innovation among steel firms: the basic oxygen furnace
    • Oster S. The diffusion of innovation among steel firms: the basic oxygen furnace. The Bell Journal of Economics 13 1 (1982) 45-56
    • (1982) The Bell Journal of Economics , vol.13 , Issue.1 , pp. 45-56
    • Oster, S.1
  • 47
    • 84989012096 scopus 로고
    • The diffusion of technological innovation in the commercial banking industry
    • Pennings J.M., and Harianto F. The diffusion of technological innovation in the commercial banking industry. Strategic Management Journal 13 (1992) 29-46
    • (1992) Strategic Management Journal , vol.13 , pp. 29-46
    • Pennings, J.M.1    Harianto, F.2
  • 48
    • 0002292177 scopus 로고
    • The diffusion of new technology and the market for an innovation
    • Quirmbach H.C. The diffusion of new technology and the market for an innovation. Rand Journal of Economics 17 1 (1986) 33-47
    • (1986) Rand Journal of Economics , vol.17 , Issue.1 , pp. 33-47
    • Quirmbach, H.C.1
  • 49
    • 0000884863 scopus 로고
    • Market structure and the diffusion of new technology
    • Reinganum J.F. Market structure and the diffusion of new technology. The Bell Journal of Economics 12 2 (1981) 618-624
    • (1981) The Bell Journal of Economics , vol.12 , Issue.2 , pp. 618-624
    • Reinganum, J.F.1
  • 50
    • 51249190247 scopus 로고
    • The nature and discriminants of export-oriented direct foreign investment in a developing country: a case study of Taiwan
    • Riedel J. The nature and discriminants of export-oriented direct foreign investment in a developing country: a case study of Taiwan. Weltwirtschaftliches Archiv 111 (1975) 505-528
    • (1975) Weltwirtschaftliches Archiv , vol.111 , pp. 505-528
    • Riedel, J.1
  • 51
    • 0000398732 scopus 로고
    • Interindustry and interfirm differences in the rate of diffusion of an innovation
    • Romeo A.A. Interindustry and interfirm differences in the rate of diffusion of an innovation. Review of Economics and Statistics 5 3 (1975) 311-319
    • (1975) Review of Economics and Statistics , vol.5 , Issue.3 , pp. 311-319
    • Romeo, A.A.1
  • 52
    • 84925911470 scopus 로고
    • The rate of imitation of a capital-embodied process innovation
    • Romeo A.A. The rate of imitation of a capital-embodied process innovation. Economica 44 (1977) 63-69
    • (1977) Economica , vol.44 , pp. 63-69
    • Romeo, A.A.1
  • 53
    • 0000960140 scopus 로고
    • The diffusion of new technologies: evidence from the electric utility industry
    • Rose N.L., and Joskow P.L. The diffusion of new technologies: evidence from the electric utility industry. Rand Journal of Economics 21 3 (1990) 354-373
    • (1990) Rand Journal of Economics , vol.21 , Issue.3 , pp. 354-373
    • Rose, N.L.1    Joskow, P.L.2
  • 55
    • 11744332456 scopus 로고
    • Behind the diffusion curve: an analysis of ATM adoption
    • Department of Economics, University of California, Los Angeles
    • Sharma S. Behind the diffusion curve: an analysis of ATM adoption. Working Paper No. 686 (1993), Department of Economics, University of California, Los Angeles
    • (1993) Working Paper No. 686
    • Sharma, S.1
  • 56
    • 0036021507 scopus 로고    scopus 로고
    • Technological opportunism and radical technology adoption: an application to E-business
    • Srinivasan R., Lilien G., and Rangaswamy A. Technological opportunism and radical technology adoption: an application to E-business. Journal of Marketing 66 (2002) 47-60
    • (2002) Journal of Marketing , vol.66 , pp. 47-60
    • Srinivasan, R.1    Lilien, G.2    Rangaswamy, A.3
  • 57
    • 0028562055 scopus 로고
    • Technology diffusion and public policy
    • Stoneman P., and Diederen P. Technology diffusion and public policy. The Economic Journal 104 (1994) 918-930
    • (1994) The Economic Journal , vol.104 , pp. 918-930
    • Stoneman, P.1    Diederen, P.2
  • 58
    • 0028053575 scopus 로고
    • The diffusion of multiple process technologies
    • Stoneman P., and Kwon M.J. The diffusion of multiple process technologies. The Economic Journal 104 (1994) 420-431
    • (1994) The Economic Journal , vol.104 , pp. 420-431
    • Stoneman, P.1    Kwon, M.J.2
  • 59
    • 0030452354 scopus 로고    scopus 로고
    • Technology adoption and firm profitability
    • Stoneman P., and Kwon M.J. Technology adoption and firm profitability. The Economic Journal 106 347 (1996) 952-962
    • (1996) The Economic Journal , vol.106 , Issue.347 , pp. 952-962
    • Stoneman, P.1    Kwon, M.J.2
  • 61
    • 84889960211 scopus 로고    scopus 로고
    • Technological diffusion and the financial environment
    • The United Nations University, Institute for New Technologies
    • Stoneman P. Technological diffusion and the financial environment. Working Paper No. 01-3 (2001), The United Nations University, Institute for New Technologies
    • (2001) Working Paper No. 01-3
    • Stoneman, P.1
  • 62
    • 84925973508 scopus 로고
    • Intra-firm diffusion, Bayesian learning and profitability
    • Stoneman P. Intra-firm diffusion, Bayesian learning and profitability. The Economic Journal 91 (1981) 375-388
    • (1981) The Economic Journal , vol.91 , pp. 375-388
    • Stoneman, P.1
  • 63
    • 57749169352 scopus 로고    scopus 로고
    • Technology technological diffusion, uncertainty and irreversibility: the international diffusion of industrial robots
    • Turín, May 19-21st
    • Stoneman P., and Toivanen O. Technology technological diffusion, uncertainty and irreversibility: the international diffusion of industrial robots. Presented at a Conference in Honour of Paul David. Turín, May 19-21st (2000)
    • (2000) Presented at a Conference in Honour of Paul David
    • Stoneman, P.1    Toivanen, O.2
  • 64
    • 84867954982 scopus 로고    scopus 로고
    • Modeling the adoption rates of manufacturing technology innovations by small US manufacturers: a longitudinal investigation
    • Swamidass P.M. Modeling the adoption rates of manufacturing technology innovations by small US manufacturers: a longitudinal investigation. Research Policy 32 (2003) 351-366
    • (2003) Research Policy , vol.32 , pp. 351-366
    • Swamidass, P.M.1
  • 65
    • 38549086633 scopus 로고
    • Profiting from technological innovation: implications for integration, collaboration, licensing and public policy
    • Teece D. Profiting from technological innovation: implications for integration, collaboration, licensing and public policy. Research Policy 15 (1986) 285-305
    • (1986) Research Policy , vol.15 , pp. 285-305
    • Teece, D.1
  • 66
    • 0002740299 scopus 로고    scopus 로고
    • Make and buy in innovation strategies: evidence from Belgian manufacturing firms
    • Veugelers R., and Cassiman B. Make and buy in innovation strategies: evidence from Belgian manufacturing firms. Research Policy 28 (1999) 63-80
    • (1999) Research Policy , vol.28 , pp. 63-80
    • Veugelers, R.1    Cassiman, B.2
  • 69
    • 0036011963 scopus 로고    scopus 로고
    • Absorptive capacity: A review, reconceptualization, and extension
    • Zahra S., and George G. Absorptive capacity: A review, reconceptualization, and extension. Academy of Management Review 27 2 (2002) 185-203
    • (2002) Academy of Management Review , vol.27 , Issue.2 , pp. 185-203
    • Zahra, S.1    George, G.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.