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The Capacity To Innovate: A Meta Analysis Of Absorptive Capacity, Tengjian Zou, Gokhan Ertug, Gerard George
The Capacity To Innovate: A Meta Analysis Of Absorptive Capacity, Tengjian Zou, Gokhan Ertug, Gerard George
Research Collection Lee Kong Chian School Of Business
For nearly 30 years, ACAP has been the bedrock of theories of innovation. A meta-analysis is timely to glean insights from the rich empirical evidence to date and guide future work on the topic. Our meta-analysis of 241 studies reveals that ACAP is a strong predictor of innovation and knowledge transfer, and that its effects on financial performance are fully mediated by these two outcomes. As different from most theoretical discourse, we also find that the firm size-ACAP relationship is positive for small firms but negative for larger firms and that the firm age-ACAP relationship is negative for mature firms …