Ce. Helfat, KNOW-HOW AND ASSET COMPLEMENTARITY AND DYNAMIC CAPABILITY ACCUMULATION - THE CASE OF RESEARCH-AND-DEVELOPMENT, Strategic management journal, 18(5), 1997, pp. 339-360
Dynamic capabilities enable firms to create new products and processes
and respond to changing market conditions. This empirical investigati
on of dynamic R&D capabilities deals with the role of complementary kn
ow-how and other assets in the context of changing conditions in the U
.S. petroleum industry during the 1970s and early 1980s. The analysis
suggests that, in response to rising oil prices, firms with larger amo
unts of complementary technological knowledge and physical assets also
undertook larger amounts of R&D on coal conversion (a synthetic fuels
process). (C) 1997 by John Wiley & Sons, Ltd.