Academy of Management Annual Meeting Proceedings includes abstracts of all papers and symposia presented at the annual conference, plus 6-page abridged versions of the “Best Papers” accepted for inclusion in the program (approximately 10%). Papers published in the Proceedings are abridged because presenting papers at their full length could preclude subsequent journal publication. Please contact the author(s) directly for the full papers.

The Role of R&D Partnerships and Firm Size in Product Innovation: A Study of New Zealand Firms

    The role of research and development (R&D) has been assessed as being poorly integrated in New Zealand (NZ) firms, leading to an expectation that it contributes little to performance of most firms in NZ. However, under the Resource Based View this rarity provides an opportunity for firms to outperform their competitors. We test a path model with absorptive capacity as a foundational precursor, then intellectual capital factors as our first set of mediators, with R&D partnerships and entrepreneurial orientation as a second set of mediators, to product innovation as our outcome. Finally, given the extra resources of larger firms, we also test firm size as a moderator. Using Structural Equation Modeling on a sample of 178 NZ private sector firms, we find absorptive capacity is positively associated with all constructs, although partially mediating. The mediators also influence other constructs distinctly and combined we gain a better understanding of paths to product innovation. However, it is via the multiple significant moderating effects from firm size that we gain a clearer understanding of the effectiveness of factors, especially R&D partnerships. We highlight the importance of factors – including R&D partnerships - on product innovation, and discuss the implications for NZ firms.

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