✦ LIBER ✦

Know-how and asset complementarity and dynamic capability accumulation: the case of r&d

✍ Scribed by CONSTANCE E. HELFAT

Publisher: John Wiley and Sons
Year: 1997
Tongue: English
Weight: 185 KB
Volume: 18
Category: Article
ISSN: 0143-2095
DOI: 10.1002/(sici)1097-0266(199705)18:5<339::aid-smj883>3.0.co;2-7

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✦ Synopsis

Dynamic capabilities enable firms to create new products and processes and respond to changing market conditions. This empirical investigation of dynamic R&D capabilities deals with the role of complementary know-how and other assets in the context of changing conditions in the U.S. petroleum industry during the 1970s and early 1980s. The analysis suggests that, in response to rising oil prices, firms with larger amounts of complementary technological knowledge and physical assets also undertook larger amounts of R&D on coal conversion (a synthetic fuels process).

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