Skip to main content

Financial Services Companies’ Abilities to Collaborative Technology Absorption Versus Their Innovativeness

  • Conference paper
  • First Online:
Contemporary Challenges in Cooperation and Coopetition in the Age of Industry 4.0

Abstract

The paper contributes to the research on the dependence between absorptive capacity and firm’s innovativeness. The aim of the paper is to assess the impact of the degree of absorptive capacity components development on the innovativeness level of financial companies operating in Poland. The theoretical part of the paper discusses firm’s innovativeness and its relations with inter-firm collaboration and developing the absorptive capacity. The empirical part of the paper presents the findings obtained in an online survey using a CSAQ—a conducted on the sample of 111 commercial financial sector companies operating in Poland. The presented study focuses on identifying the components of absorptive capacity that determine the increase of firm’s innovativeness level. They indicate that the capability to use specific forms of acquiring new technologies from outside and the capability to develop the acquired technologies are those which most significantly influence firm’s innovativeness level.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Ahuja, G.: The duality of collaboration: Inducements and opportunities in the formation of interfirm linkages. Strateg. Manage. J. 21(3), 317–343 (2000)

    Article  Google Scholar 

  2. Bae, Y., Chang, H.: Efficiency and effectiveness between open and closed innovation: empirical evidence in South Korean manufacturers. Technol. Anal. Strat. Manage. 24(10), 967–980 (2012)

    Article  Google Scholar 

  3. Bennasi, M., Greve, A., Harkola, J.: Looking for a network organization: the case of GESTO. J. Market Focused Manage. 3(45), 205–229 (1999)

    Article  Google Scholar 

  4. Chesbrough, H.: Open business models: how to thrive in the new innovation landscape. Harvard Business School Press, Boston (2006)

    Google Scholar 

  5. Cohen, W.M., Levinthal, D.A.: Absorptive capacity: a new perspective on learning and innovation. Adm. Sci. Q. 35(1), 128–152 (1990)

    Article  Google Scholar 

  6. Czakon, W.: Dynamika więzi międzyorganizacyjnych przedsiębiorstwa. Wydawnictwo Akademii Ekonomicznej im. Karola Adamieckiego w Katowicach, Katowice (2007)

    Google Scholar 

  7. Drejer, A.: Strategic innovation: a new perspective on strategic management. Handb. Bus. Strategy 7(1), 143–147 (2006)

    Article  Google Scholar 

  8. Eisenhardt, K., Martin, J.: Dynamic capabilities: what are they? Strateg. Manage. J. 21, 1105–1121 (2000)

    Article  Google Scholar 

  9. Ford, D., Gadde, L., Hakansson, H., Snehota, I.: Managing business relationships. Wiley, London (2003)

    Google Scholar 

  10. Glabiszewski, W.: Potencjał absorpcyjny przedsiębiorstw finansowych w Polsce w procesie transferu innowacyjnych technologii. Wydawnictwo Naukowe UMK, Toruń (2016)

    Google Scholar 

  11. Glabiszewski, W., Grego-Planer, D., Liczmańska-Kopcewicz, K., Zastempowski, M.: The role of absorptive capacity of financial companies in Poland in shaping their strategic flexibility. In: Proceedings of the 15th International Conference on Education, Economics, Humanities and Interdisciplinary Studies (EEHIS-18), Paris, pp. 121–126 (2018)

    Google Scholar 

  12. Glabiszewski, W., Zastempowski, M.: The absorptive capacity of a finance company as an efficiency
factor of its pro-technology innovation activities. In: Proceedings from the 7th International Conference on Efficiency as a Source of the Wealth of Nations (ESWN), pp. 57–69. Springer, Wrocław (2017)

    Google Scholar 

  13. Harding, R.: Competition and collaboration in German technology transfer. Ind. Corp. Change 10(2), 389–417 (2001)

    Article  Google Scholar 

  14. Huizingh, E.K.R.E.: Open innovation: state of the art and future perspectives. Technovation 31(1), 2–9 (2011)

    Article  Google Scholar 

  15. Huxham, Ch., Vangen, S.: Managing to collaborate. Routledge, New York (2006)

    Google Scholar 

  16. Kastalli, I.V., Neely, A.: Collaborate to Innovate. How Business Ecosystems Unleash Business Value. University of Cambridge, Cambridge Service Alliance, Cambridge (2013)

    Google Scholar 

  17. Lane, P.J., Lubatkin, M.: Relative absorptive capacity and interorganizational learning. Strateg. Manage. J. 19(5), 461–477 (1998)

    Article  Google Scholar 

  18. Laursen, K., Salter, A.: Open for innovation: the role of openness in explaining innovation performance among UK manufacturing firms. Strateg. Manage. J. 27(2), 131–150 (2006)

    Article  Google Scholar 

  19. Lis, A., Sudolska, A.: Absorptive capacity and its role for the company growth: the case of Frauenthal Automotive Toruń company. J. Entrepreneurship Manage. Innov. 11(4), 63–91 (2015)

    Article  Google Scholar 

  20. Mansfield, E., Lee, J.Y.: The modern university: contributor to industrial innovation and recipient of industrial R&D support. Res. Policy 25(7), 1047–1058 (1996)

    Article  Google Scholar 

  21. Mohannak, K.: Innovation networks and capability building in the Australian high-technology SMEs. Eur. J. Innov. Manage. 10(2), 236–251 (2007)

    Article  Google Scholar 

  22. Manual, Oslo: Guidelines for collecting and interpreting innovation data, 3rd edn. OECD, Statistical Office of the European Communities, Paris (2005)

    Google Scholar 

  23. Saarenketo, S., Kuivalainen, O., Kylaheiko, K., Puumalainen, K.: Dynamic knowledge-related learning processes in internationalizing high-technology SMEs. Int. J. Prod. Econ. 89, 363–378 (2004)

    Article  Google Scholar 

  24. Sapienza, H.J., Autio, E., George, G., Zahra, S.A.: A capabilities perspective on the effects of early internationalization on firm survival and growth. Acad. Manage. Rev. 31(4), 914–933 (2006)

    Article  Google Scholar 

  25. Tidd, J., Bessant, J., Pavitt, K.: Managing Innovation. Integrating Technological, Market and Organizational Change. Wiley, Chichester (2006)

    Google Scholar 

  26. Todorova, G., Durisin, B.: Absorptive capacity: valuing a reconceptualization. Acad. Manage. Rev. 32(3), 774–786 (2007)

    Article  Google Scholar 

  27. Torugsa, N., Arundel, A., O’Donohue, W.: Inter-firm collaboration and innovation performance for new-to-market products: the moderating role of technological and skills-related knowledge assets. Int. J. Innov. Manage. 20(6), 1–22 (2016)

    Article  Google Scholar 

  28. Van de Vrande, V., de Jong, J.P.J., Vanhaverbeke, W., de Rochemont, M.: Open innovation in SMEs: trends, motives and management challenges. Technovation 29, 423–437 (2009)

    Article  Google Scholar 

  29. Von Hippel, E.: The Sources of Innovation. Oxford University Press, Oxford (1988)

    Google Scholar 

  30. Zahra, S.A., George, G.: Absorptive capacity: a review, reconceptualization, end extension. Acad. Manage. Rev. 27(2), 185–203 (2002)

    Article  Google Scholar 

  31. Zeng, S.X., Xie, X.M., Tam, C.M.: Relationship between cooperation networks and innovation performance of SMEs. Technovation 30, 181–194 (2010)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Waldemar Glabiszewski .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Glabiszewski, W., Sudolska, A., Górka, J., Pańka, A. (2020). Financial Services Companies’ Abilities to Collaborative Technology Absorption Versus Their Innovativeness. In: Zakrzewska-Bielawska, A., Staniec, I. (eds) Contemporary Challenges in Cooperation and Coopetition in the Age of Industry 4.0. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-30549-9_12

Download citation

Publish with us

Policies and ethics