---
res:
  bibo_abstract:
  - "<jats:p>We return to the theoretical foundations of absorptive capacity and test
    the idea that personal experience in a field makes it easier for a firm’s inventors
    to recognize and build upon knowledge in that field from other local firms. We
    propose a new empirical model of localized knowledge diffusion, which (1) measures
    a firm’s absorptive capacity by its inventors’ prior experience in a field, (2)
    uses a death instrument to exogenously vary the availability of knowledge of the
    same collaborative patent in different regions, and (3) estimates the difference
    in citation likelihood from all subsequent inventors across both regions as a
    function of a potentially citing inventor’s prior experience in the field. Consistent
    with the original theory of absorptive capacity, firms whose inventors have prior
    experience in a field are more likely to use locally available interpersonal knowledge
    from other firms; furthermore, this effect declines monotonically with distance.
    Although the effects strengthen for more recent experience and multidisciplinary
    knowledge, the greatest benefits accrue to firms in the interaction—those whose
    inventors have more recent experience and that seek to absorb multidisciplinary
    knowledge. Interpersonal absorptive capacity within firms does not appear to localize.</jats:p>\r\n
    \                 <jats:p>This paper was accepted by Anita McGahan, business strategy.</jats:p>\r\n
    \                 <jats:p>Funding: The authors acknowledge financial support from
    the Alfred P. Sloan Foundation and the National Science Foundation [Grant 1360228].</jats:p>\r\n
    \                 <jats:p>Supplemental Material: The online appendix and data
    files are available at https://doi.org/10.1287/mnsc.2024.06147 .</jats:p>@eng"
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Benjamin
      foaf_name: Balsmeier, Benjamin
      foaf_surname: Balsmeier
  - foaf_Person:
      foaf_givenName: Lee
      foaf_name: Fleming, Lee
      foaf_surname: Fleming
  - foaf_Person:
      foaf_givenName: Sonja
      foaf_name: Lück, Sonja
      foaf_surname: Lück
      foaf_workInfoHomepage: http://www.librecat.org/personId=950
    orcid: 0000-0003-0380-1965
  bibo_doi: 10.1287/mnsc.2024.06147
  dct_date: 2026^xs_gYear
  dct_isPartOf:
  - http://id.crossref.org/issn/0025-1909
  - http://id.crossref.org/issn/1526-5501
  dct_language: eng
  dct_title: Microfoundations of Absorptive Capacity as Revealed by Inventor Deaths@
...