The effects of bundled knowledge stocks on innovative success

Daniel Tzabbar*, Barak S. Aharonson, Terry L. Amburgey, Andreas Al-Laham

*Corresponding author for this work

Research output: Contribution to conferencePaperpeer-review


As firms engage in building different R&D capabilities, they confront a crucial question: What configuration of knowledge stocks is most likely to increase innovative success? We argue that the impact of one knowledge stock may depend not just on its level but also the level of other stocks and the interdependencies of firms' existing knowledge stocks might explain performance differences. We measure the effects of three pairwise combinations of knowledge stocks on firm innovative success and find, using an event history analysis of 857 dedicated biotechnology firms during 1973-1999, that two pairs are complementary (i.e., intellectual and human capital; collective and human capital) and one pair is substitutive (i.e., intellectual and collective capital). We therefore suggest a system theory of intra-organizational knowledge: The substitutability and complementarities of multiple knowledge sources moderate their direct relationship with innovative success.

Original languageEnglish
StatePublished - 2008
Event68th Annual Meeting of the Academy of Management, AOM 2008 - Anaheim, CA, United States
Duration: 8 Aug 200813 Aug 2008


Conference68th Annual Meeting of the Academy of Management, AOM 2008
Country/TerritoryUnited States
CityAnaheim, CA


  • Innovation
  • Knowledge stocks
  • Recombinative capabilities


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