Affiliation:
1. Myongji University 34, Geobukgol‐ro, Seodaemun‐gu Seoul 03674 Republic of Korea
2. Hankyong National University 327, Chungang‐ro Anseong‐si Gyeonggi‐do Republic of Korea
Abstract
AbstractFirms can facilitate external technology sourcing through transactions from the market. This study focuses on determinants of demand‐side motivation to join the technology transactions market. Drawing on the behavioral theory of the firm, we suggest that one of such determinants is the desire of a firm, whose innovation performance is below its aspiration level, to find a technology that will help improve its performance. Furthermore, we suggest that inconsistent feedback on its multiple goals and the type of R&D structure as moderating factors that can influence a firm's acquisition of technology in response to its poor performance.
Subject
Management of Technology and Innovation,Management Science and Operations Research,Strategy and Management,Business and International Management