Information Technology and Intangible Output: The Impact of IT Investment on Innovation Productivity

Published Online:https://doi.org/10.1287/isre.1100.0338

References

  • Acs Z., Audretsch D. Patents as a measure of innovative activity. Kyklos (1989) 42(2):171–180CrossrefGoogle Scholar
  • Agarwal R., Bayus B. L. The market evolution and sales takeoff of product innovations. Management Sci. (2002) 48(8):1024–1041LinkGoogle Scholar
  • Agrawal A., Goldfarb A. Restructuring research: Communication costs and the democratization of university innovation. Amer. Econom. Rev. (2008) 98(4):1578–1590CrossrefGoogle Scholar
  • Allred B. B., Swan K. S. The mediating role of innovation on the influence of industry structure and national context on firm performance. J. Internat. Management (2005) 11(2):229–252CrossrefGoogle Scholar
  • Ba S., Pavlou P. Evidence of the trust building technology in electronic markets: Price premiums and buyer behavior. MIS Quart. (2002) 26(3):243–268CrossrefGoogle Scholar
  • Baily M. N., Chakrabarti A. K.Innovation and the Productivity Crisis (1988) (The Brookings Institution, Washington, DC) Google Scholar
  • Balachandra R., Friar J. Factors for success in R&D projects and new product innovation: A contextual framework. IEEE Trans. Engrg. Management (1997) 44(3):276–287CrossrefGoogle Scholar
  • Bartholomew D. Manufacturers nibbling on PLM. Indust. Week (2005) 254(4):63Google Scholar
  • Baum C. F., Schaffer M. E., Stillman S. Instrumental variables and GMM: Estimation and testing. Stata J. (2003) 3(1):1–31CrossrefGoogle Scholar
  • Berndt E. R., Rappaport N. J. Price and quality history of desktop and mobile computers: A quarter-century historical overview. Amer. Econom. Rev. (2001) 91(2):268–273CrossrefGoogle Scholar
  • Blundell R., Griffith R., van Reenen J. Market shares, market value and innovation in a panel of British manufacturing firms. Rev. Econom. Stud. (1999) 66(3):529–554CrossrefGoogle Scholar
  • Brennan A., Dooley L. Networked creativity: A structured management framework for stimulating innovation. Technovation (2005) 25(1):1388–1399CrossrefGoogle Scholar
  • Bresnahan T., Brynjolfsson E., Hitt L. Information technology, workplace organization, and the demand for skilled labor: Firm-level evidence. Quart. J. Econom. (2002) 117(1):339–376CrossrefGoogle Scholar
  • Brockhoff K. R&D cooperation between firms—A perceived transaction cost perspective. Management Sci. (1992) 38(4):514–524LinkGoogle Scholar
  • Brown S. L., Eisenhardt K. M. Product development: Past research, present findings, and future directions. Acad. Management Rev. (1995) 20(2):343–378CrossrefGoogle Scholar
  • Brynjolfsson E., Hitt L. Information technology as a factor of production: The role of differences among firms. Econom. Innovation New Tech. (1995) 3(4):183–200CrossrefGoogle Scholar
  • Brynjolfsson E., Hitt L. Computing productivity: Firm-level evidence. Rev. Econom. Statist. (2003) 85(4):793–808CrossrefGoogle Scholar
  • Brynjolfsson E., Hitt L. M., Yang S. K. Intangible assets: Computers and organizational capital. Brookings Papers Econom. Activity (2002) 2002(1):137–198CrossrefGoogle Scholar
  • Cassiman B., Veugelers R. In search of complementarity in innovation strategy: Internal R&D and external knowledge acquisition. Management Sci. (2006) 52(1):68–82LinkGoogle Scholar
  • Chan T., Nickerson J. A., Owan H. Strategic management of R&D pipelines with co-specialized investments and technology markets. Management Sci. (2007) 53(4):667–682LinkGoogle Scholar
  • Christensen J., Olesen M., Kjaer J. The industrial dynamics of open innovation—Evidence from the transformation of consumer electronics. Res. Policy (2005) 34(10):1533–1549CrossrefGoogle Scholar
  • Chwelos P., Ramirez R., Kraemer K. L., Melville N. P. Does technological progress alter the nature of information technology as a production input? New evidence and new results. Inform. Systems Res. (2010) 21(2):392–408LinkGoogle Scholar
  • Crépon B., Duguet E., Mairesse J. Research, innovation and productivity: An econometric analysis at the firm level. Econom. Innovation New Tech. (1998) 7(2):115–158CrossrefGoogle Scholar
  • Davidson R., MacKinnon J. G.Estimation and Inference in Econometrics (1993) (Oxford University Press, New York) Google Scholar
  • Dibrell C., Davis P. S., Craig J. Fueling innovation through information technology in SMEs. J. Small Bus. Management (2008) 46(2):203–218CrossrefGoogle Scholar
  • Dodgson M., Gann D., Salter A. The role of technology in the shift towards open innovation: The case of Procter & Gamble. R&D Management (2006) 36(3):333–346CrossrefGoogle Scholar
  • Dougherty D., Hardy C. Sustained product innovation in large, mature organizations: Overcoming innovation-to-organization problems. Acad. Management J. (1996) 39(5):1120–1153CrossrefGoogle Scholar
  • Elliott M. Integrating the drug discovery laboratory. Sci. Comput. (2006) 23(6):16–18Google Scholar
  • Enkel E., Gassmann O., Chesbrough H. Open R&D and open innovation: Exploring the phenomenon. R&D Management (2009) 39(4):311–316CrossrefGoogle Scholar
  • Federal Accounting Standards Board (FASB) Accounting for research and development costs. (1974) . Statement of Financial Accounting, Standards No. 2, Norwalk, CTGoogle Scholar
  • Federal Accounting Standards Board (FASB) Accounting for the costs of computer software to be sold, leased, or otherwise marketed. (1985) . Statement of Financial Accounting, Standards No. 86, Norwalk, CTGoogle Scholar
  • Fleming L., Sorenson O. Navigating the technology landscape of innovation. Sloan Management Rev. (2003) 44(2):15–23Google Scholar
  • Gao G., Hitt L. M. IT and product variety: Evidence from panel data. Management Sci. (2005) . ForthcomingGoogle Scholar
  • Garcia R., Calantone R. A critical look at technological innovation typology and innovativeness terminology: A literature review. J. Product Innovation Management (2002) 19(2):110–132CrossrefGoogle Scholar
  • Gilbert J., Henske P., Singh A. Rebuilding big pharma's business model. In Vivo: Bus. Medicine Rep. (2003) 21(10). Article 2003800191Google Scholar
  • Gordon S., Tarafdar M., Cook R., Maksimoski R., Rogowitz B. Improving the front end of innovation with information technology. Res. Tech. Management (2008) 51(3):50–58CrossrefGoogle Scholar
  • Gordon R. J. Does the “new economy” measure up to the great inventions of the past? J. Econom. Perspect. (2000) 14(4):49–74CrossrefGoogle Scholar
  • Griliches Z. Market value, R&D, and patents. Econom. Lett. (1981) 7(2):183–187CrossrefGoogle Scholar
  • Griliches Z. Patent statistics as economic indicators: A survey. J. Econom. Literature (1990) 28(4):1661–1707Google Scholar
  • Hall B. H., Barrell R., Mason G., O'Mahoney M. Innovation and market value. Productivity, Innovation and Economic Performance (2000) (Cambridge University Press, Cambridge, UK) 177–198Google Scholar
  • Hall B. H., Mairesse J. Exploring the relationship between R&D and productivity in French manufacturing firms. J. Econometrics (1995) 65(1):263–293CrossrefGoogle Scholar
  • Hall B. H., Ziedonis R. The patent paradox revisited: An empirical study of patenting in the U.S. semiconductor industry, 1979–1995. RAND J. Econom. (2001) 32(1):101–128CrossrefGoogle Scholar
  • Hall B. H., Griliches Z., Hausman J. A. Patents and R&D: Is there a lag? Internat. Econom. Rev. (1986) 27(2):265–283CrossrefGoogle Scholar
  • Hall B. H., Jaffe A. B., Trajtenberg M., Jaffe A., Trajtenberg M. The NBER patent-citations data file: Lessons, insights, and methodological tools. Patents, Citations, and Innovations (2002) (MIT Press, Cambridge, MA) 403–460Google Scholar
  • Hall B. H., Jaffe A. B., Trajtenberg M. Market value and patent citations. RAND J. Econom. (2005) 36(1):16–38Google Scholar
  • Hamermesh D. S., Oster S. M. Tools or toys? The impact of high technology on scholarly productivity. Econom. Inquiry (2002) 40(4):539–555CrossrefGoogle Scholar
  • Han S., Ravichandran T. Does IT impact firm innovativeness: An empirical examination of complementary and direct effects. Proc. Twelfth Americas Conf. Inform. Systems (AMCIS) (2006) Acapulco, Mexico:704–715Google Scholar
  • Hatch N. W., Mowery D. C. Process innovation and learning by doing in semiconductor manufacturing. Management Sci. (1998) 44(11):1461–1477LinkGoogle Scholar
  • Henderson R. M., Cockburn I. M. Measuring competence? Exploring firm effects in pharmaceutical research. Strategic Management J. (1994) 15(S1):63–84CrossrefGoogle Scholar
  • Horn P. M. The changing nature of innovation. Res. Tech. Management (2005) 48(6):28–33CrossrefGoogle Scholar
  • Istook C. Rapid prototyping in the textile & apparel industry: A pilot project. J. Textile Apparel Tech. Management (2000) 1(1):1–14Google Scholar
  • Jorgenson D. W. Information technology and the U.S. economy. Amer. Econom. Rev. (2001) 91(1):1–32CrossrefGoogle Scholar
  • Jorgenson D. W., Griliches Z. The explanation of productivity change. Rev. Econom. Stud. (1967) 34(3):249–283CrossrefGoogle Scholar
  • Kleis L., Chwelos P., Ramirez R., Kraemer K. Information technology and innovation: The impact of IT investment on intangible outputs. Workshop Inform. Systems Econom. (WISE) (2003) December 7–8SeattleGoogle Scholar
  • Konicki S. Revving up. InformationWeek (2002) 882(April 1):16–18Google Scholar
  • Kortum S., Lerner J. Stronger protection or technological revolution: What is behind the recent surge in patenting? Carnegie-Rochester Conf. Ser. Public Policy (1998) 48(1):247–304CrossrefGoogle Scholar
  • Kremp E., Mairesse J. Knowledge management, innovation and productivity: A firm level exploration based on French manufacturing CIS3 data. (2004) . NBER Working Paper 10237, Cambridge, MACrossrefGoogle Scholar
  • Kumar K., van Dissel H. G. Sustainable collaboration: Managing conflict and cooperation in interorganizational systems. MIS Quart. (1996) 20(3):279–300CrossrefGoogle Scholar
  • Lee H., Choi B. Knowledge management enablers, processes, and organizational performance: An integrative view and empirical examination. J. Management Inform. Systems (2003) 20(1):179–228CrossrefGoogle Scholar
  • Madsen J. B. Semi-endogenous versus Schumpeterian growth models: Testing the knowledge production function using international data. J. Econom. Growth (2008) 13(1):1–26CrossrefGoogle Scholar
  • Mairesse J., Mohnen P. The importance of R&D for innovation: A reassessment using French survey data. J. Tech. Transfer (2005) 30(1–2):183–197CrossrefGoogle Scholar
  • Majchrzak A., Cooper L. P., Neece O. E. Knowledge reuse for innovation. Management Sci. (2004) 50(2):174–188LinkGoogle Scholar
  • Majchrzak A., Beath C. M., Lim R. A., Chin W. W. Managing client dialogues during information systems design to facilitate client learning. MIS Quart. (2005) 29(4):653–672CrossrefGoogle Scholar
  • Malhotra A., Majchrzak A., Carman R., Lott V. Radical innovation without collocation: A case study at Boeing-Rocketdyne. MIS Quart. (2001) 25(2):229–249CrossrefGoogle Scholar
  • Melville N., Gurbaxani V., Kraemer K. The productivity impact of information technology across competitive regimes: The role of industry concentration and dynamism. Decision Support Systems (2007) 43(1):229–242CrossrefGoogle Scholar
  • Mithas S., Krishnan M. S., Fornell C. Why do customer relationship management applications affect customer satisfaction? J. Marketing (2005a) 69(4):201–209CrossrefGoogle Scholar
  • Mithas S., Krishnan M. S., Fornell C. Effect of investments information technology and customer satisfaction: Theory and evidence. (2005b) . Working paper, Robert H. Smith School of Business, University of Maryland, College Park. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=901643Google Scholar
  • Nambisan S. Information systems as a reference discipline for new product development. MIS Quart. (2003) 27(1):1–18CrossrefGoogle Scholar
  • Narayanan V., Douglas F., Schirlin D., Wess G., Geising D. Virtual communities as an organizational mechanism for embedding knowledge in drug discovery: The case of chemical biology platform. J. Bus. Chemistry (2004) 1(2):37–47Google Scholar
  • Narver J. C., Slater S. F., MacLachlan D. L. Responsive and proactive market orientation and new-product success. J. Product Innovation Management (2004) 21(5):334–347CrossrefGoogle Scholar
  • Nellore R., Balachandra R. Factors influencing success in integrated product development (IPD) projects. IEEE Trans. Engrg. Management (2001) 48(2):164–174CrossrefGoogle Scholar
  • Nerkar A., Paruchuri S. Evolution of R&D capabilities: The role of knowledge networks within a firm. Management Sci. (2005) 51(5):771–785LinkGoogle Scholar
  • Oliver J. R. Accounting and tax treatment of R&D: An update. CPA J. (2003) 73(7):46–49Google Scholar
  • Owen-Smith J., Powell W. W. The expanding role of university patenting in the life sciences: Assessing the importance of experience and connectivity. Res. Policy (2003) 32(9):1695–1711CrossrefGoogle Scholar
  • Pakes A., Griliches Z., Griliches Z. Patents and R&D at the firm level: A first look. R&D, Patents, and Productivity (1984) (University of Chicago Press, Chicago) 55–72Google Scholar
  • Paulraj A., Lado A., Chen I. Inter-organizational communication as a relational competency: Antecedents and performance outcomes in collaborative buyer–supplier relationships. J. Oper. Management (2008) 26(1):45–64CrossrefGoogle Scholar
  • Quinn J. B., Baruch J. J., Zien K. A.The Innovation Explosion: Using Intellect and Software to Revolutionize Growth Strategies (1997) (Free Press, New York) Google Scholar
  • Ramirez R. V., Kleis L. The firm innovation process: How critical is information technology? (2010) . Working paper, University of Colorado Denver, DenverGoogle Scholar
  • Rice R. E. Relating electronic mail use and network structure to R&D work networks and performance. J. Management Inform. Systems (1994) 11(1):9–29CrossrefGoogle Scholar
  • Roberts P. W. Product innovation, product–market competition and persistent profitability in the U.S. pharmaceutical industry. Strategic Management J. (1999) 20(7):655–670CrossrefGoogle Scholar
  • Rothwell R. Towards the fifth generation innovation process. Internat. Marketing Rev. (1994) 11(1):7–31CrossrefGoogle Scholar
  • Ryssel R., Ritter T., Gemunden H. The impact of information technology deployment on trust, commitment and value creation in business relationships. J. Bus. Indust. Marketing (2004) 19(3):197–207CrossrefGoogle Scholar
  • Sambamurthy V., Bharadwaj A., Grover V. Shaping agility through digital options: Reconceptualizing the role of information technology in contemporary firms. MIS Quart. (2003) 27(2):237–263CrossrefGoogle Scholar
  • Sangiovanni-Vincentelli A. L. Electronic-system design in the automobile industry. IEEE Micro (2003) 23(3):8–18CrossrefGoogle Scholar
  • Schilling M., Hill C. Managing the new product development process: Strategic imperatives. Acad. Management Executive (1998) 12(3):67–81Google Scholar
  • Scotchmer S.Innovation and Incentives (2004) (MIT Press, Cambridge, MA) Google Scholar
  • Scott J. Facilitating interorganizational learning with information technology. J. Management Inform. Systems (2000) 17(2):81–113CrossrefGoogle Scholar
  • Stiroh K. Information technology and the U.S. productivity revival: What do the industry data say? Amer. Econom. Rev. (2002) 92(5):1559–1576CrossrefGoogle Scholar
  • Sudarsan R., Fenves S. J., Sriram R. D., Wang F. A product information modeling framework for product lifecycle management. Comput.-Aided Design (2005) 37(13):1399–1411CrossrefGoogle Scholar
  • Swink M. Building collaborative innovation capability. Res. Tech. Management (2006) 49(2):37–47CrossrefGoogle Scholar
  • Tanriverdi H. Information technology relatedness, knowledge management capability, and performance of multibusiness firm. Management Inform. System Quart. (2005) 29(2):311–324CrossrefGoogle Scholar
  • Tatikonda M. V., Rosenthal S. R. Successful execution of product development projects: Balancing firmness and flexibility in the innovation process. J. Oper. Management (2000) 18(4):401–425CrossrefGoogle Scholar
  • Teresko J. P&G's secret: Innovating innovation. Indust. Week (2004) 253(12):26–34Google Scholar
  • Thomke S. H. Capturing the real value of innovation tools. MIT Sloan Management Rev. (2006) 47(2):24–32Google Scholar
  • Thompson P., Fox-Kean M. Patent citations and the geography of knowledge spillovers: A reassessment. Amer. Econom. Rev. (2005) 95(1):450–460CrossrefGoogle Scholar
  • Trajtenberg M. A penny for your quotes: Patent citations and the value of innovations. Rand J. Econom. (1990) 21(1):172–187CrossrefGoogle Scholar
  • USPTO (United States Patent and Trademark Office) General information concerning patents. (2006) . Retrieved November 1, 2006, http://www.uspto.gov/web/offices/pac/doc/general/index.html#patentGoogle Scholar
  • Zahay D., Griffin A., Fredericks E. Sources, uses, and forms of data in the new product development process. Indust. Marketing Management (2004) 33(7):657–666CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.