#4637. Knowledge sources, innovation objectives, and their impact on innovation performance: Quasi-replication of Leiponen and Helfat (20XX)

July 2026publication date
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Journal’s subject area:
Strategy and Management;
Business and International Management;
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Abstract:
The study examined how firms increased their odds of innovation success by pursuing multiple parallel innovation objectives and knowledge sources. We also find no evidence of diminishing returns to the breadth of innovation objectives, and we find at best slight evidence of diminishing returns to the breadth of knowledge sources. However, we find evidence of a significant negative interaction between knowledge sources and innovation objectives, contrary to Leiponen and Helfats (20XX) finding of a lack of evidence in a positive interaction. The new evidence of a negative interaction effect suggests that the positive effect of breadth in knowledge sources can also diminish contingent upon the breadth of innovation objectives. Companies are increasingly searching for new sources of knowledge while simultaneously pursuing multiple strategic innovation objectives. The results of our analysis from two multi-country datasets show that increased number of knowledge sources and strategic objectives are likely to result in higher innovation performance, that is, increased revenue from new products or increased likelihood of new product introduction. There is evidence of slight reduction in the ability to introduce new products when firms pursue more than eight knowledge sources.
Keywords:
diminishing returns; innovation objectives; innovation performance; knowledge sources; quasi-replication

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