英文摘要 |
This paper investigates economic and social determinants of innovation capabilities of small and medium sized enterprises (SMEs). Transaction cost factors directly influence a firm’s strategy to breed and develop internal innovation capabilities where social capital plays both positively and negatively as a moderator. A survey of 140 effective samples of SMEs in Taiwan’s textile and giftware industries supports our hypotheses: (1) increase in asset specificity and external uncertainty promotes strong firm innovation capabilities, (2) positive effects of external uncertainty on firm innovation capabilities become stronger as inter-firm reciprocity increases, and (3) positive effects of asset specificity on firm innovation capabilities become weaker as information increases, and stronger as network solidarity increases. |