RESEARCH
Working Papers and Work in progress
​​​​
-
Knowledge Spillovers from R&D Offshoring: The Role of Absorptive Capacity and industry context in Enhancing Non-Offshorers Innovation.
-
Green-Ovation and technological obsolescence (with Petya Platikanova).
-
Regulatory Standards and Technological Obsolescence: How Regulatory Compliance Costs Drive Investment in Green Technology (with Petya Platikanova).
-
Innovating for a greener future: Regional insights into the role of public procurement and climate change (with Lorenzo Dal Maso and Marco M. Mattei).
Publications (JCR indexed)​
​
D'Agostino, L., Moreno, R., Tojeiro-Rivero, D. (2025). The effects of regional environmental EU-funded research on firm innovation: A multilevel analysis.​ The Journal of Technology Transfer. (Forthcoming).​
Abstract. Taking the long-established evidence on knowledge spillovers that states that part of the new created knowledge spills over to other firms mostly located in the physical proximity, we aim at providing evidence on the role of green knowledge spillovers on firms’ innovation. We posit that in addition to internal factors, firm innovation is determined by external regional factors, among which we specifically focus on the spillovers generated by environmental EU-funded research at the regional level. The results indicate that the presence of partners engaged in EU-environmental projects in a region has a positive and significant effect on process innovation.
​
Tojeiro-Rivero, D., and Moreno, R. (2025). Captive or Non-Captive: Knowledge Sourcing Strategies and Innovation Performance. International Journal of the Economics of Business. 1-25. doi.org/10.1080/13571516.2025.2488763.
Abstract. Prior literature has argued that, although both captive knowledge sourcing (CKS) and non-captive knowledge sourcing (NCKS) are effective strategies for enhancing firm innovativeness, the former plays a more defined role in determining the likelihood of a firm achieving product innovations. However, we contend that the focus should not only be on the decision to innovate but, more importantly, on the profitability firms derive from such innovations. Given that knowledge acquired from external sources can provide firms with ideas that differ from their existing competencies, NCKS may be more advantageous, as the resulting innovations are likely to exhibit higher levels of novelty. Additionally, we examine the complementarity or substitutability between CKS and NCKS in driving innovation. Our findings for Spanish firms suggest that NCKS yields greater benefits than CKS. Moreover, adopting both strategies simultaneously does not result in higher benefits; instead, a minimum threshold of NCKS, above the median, is necessary to realize observable gains. This indicates that firms must demonstrate a substantial level of commitment to NCKS to effectively exploit its potential for generating returns from their most novel innovations.
​​​​
Tojeiro-Rivero, D. (2022). What effect does the aggregate industrial R&D offshoring have on you? A multilevel study. Journal of International Management.
doi.org/10.1016/j.intman.2021.100881​
Abstract. The present study argues that R&D offshoring is not only a matter of firm's decision as in previous literature, but also has an important industrial externality component. For a sample of manufacturing and services industries in the period 2005–15, I study the externalities coming from R&D offshorers in a given industry and the heterogeneous effects of enterprises' internal knowledge base characteristics. The evidence points to offshoring externality (OE) presenting an inverted U-shape with respect to the firms' innovative processes. However, firms with higher levels of human capital and/or internal R&D investments obtain higher returns coming from the OE. Overall, it seems that a strategy (R&D offshoring) that is highly beneficial for enterprises individually, might be also optimal for the Spanish economy.
​
Tojeiro-Rivero, D., Moreno, R. (2019). Technological cooperation, R&D outsourcing, and innovation performance at the firm level. The role of the regional context. Research Policy. 48(7)1798-1808. doi.org/10.1016/j.respol.2019.04.006 (Job Market Paper).
Awarded best paper on R&D and Innovation in the 6th PhD-Student Workshop on Industrial and Public Economics (WIPE).
Abstract. Much has been said about the role that technological networking activities play on the innovative performance of firms, but little is known about the relevance of the context where the firm is locate shaping the efficiency of such networking activities. In this article we hypothesize that the transformation of firms' networking activities into innovation may vary depending on the regional environment in which the firm is located. For Spanish manufactures in the period 2000-12 and through the use of a multilevel framework, we obtain that after controlling for the firm's characteristics, the regional context has not only a direct effect on firms' innovation performance, but it also conditions the returns to firms' networking activities, although differently in the case of cooperation and outsourcing. Cooperating in innovation activities is more beneficial for those firms located in a knowledge intensive region, whereas R&D outsourcing seems to be more profitable for firms in regions with a low knowledge pool.
​​
Tojeiro-Rivero, D., Moreno, R., Badillo, E.R. (2019). Radical Innovations: The Role of Knowledge Acquisition from Abroad. Review of Industrial Organization. 55(2)173-207. doi.org/10.1007/s11151-018-9659-3
Abstract. This paper explores R&D offshoring’s role in radical product innovations. These innovations are important for companies’ growth strategies, and we check the extent to which companies rely on external sources, which may bring knowledge that differs significantly from that already present internally. The evidence for Spanish firms between 2004 and 2013 shows that R&D offshoring influences significantly the intensity of radical but not of incremental innovations. This influence is apparently smaller when external knowledge comes from universities or research institutions rather than from the business sector. The recent financial crisis also exerted a detrimental effect on this influence, as compared with the previous period of economic growth.
​​
​​​​
Other Publications
​
Tojeiro-Rivero, D. (2022). Technological Obsolescence: A brief overview. Innovation and technology. Do Better. Esade. ​