Quotation Speckbacher, Gerhard, Wabnegg, Markus. 2018. Incentivizing Innovation: The Role of Knowledge Exchange and Distal Search Behavior. European Accounting Association 41st Annual Congress, Milan, Italy, 30.05.-01.06.


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Abstract

Prior research has produced conflicting views on whether incentives help or hinder innovation in organizations. In addressing these controversial views, we argue for the importance of focusing on the effects of incentives on the allocation of effort across different behaviors. We highlight distal search and knowledge exchange as two key behaviors within the innovation process and we argue for combining explicit and implicit incentives for fostering them. More specifically, we propose a complementary role of knowledge exchange and distal search behavior in creating innovation performance and we develop hypotheses on how incentives support both of these behaviors to drive innovation performance. We test our hypotheses using survey and patent data from 282 firms in the chemical and pharmaceutical industry and find evidence that is consistent with our predictions.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Incentivizing Innovation: The Role of Knowledge Exchange and Distal Search Behavior
Event European Accounting Association 41st Annual Congress
Year 2018
Date 30.05.-01.06.
Country Italy
Location Milan
URL http://eaa2018.eaacongress.org/r/home

Associations

People
Speckbacher, Gerhard (Details)
Wabnegg, Markus (Details)
Organization
Institute for Strategy and Managerial Accounting IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5307 Business and management economics (Details)
5333 Business management (Details)
5359 Controlling (Details)
5936 Research and innovation management (Details)
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