2021
DOI: 10.1017/jmo.2021.38
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A meta-analysis of the impact of open innovation on performance

Abstract: Using the meta-analysis technique, this research comprehensively reviews the existing open innovation (OI) literature, systematically aggregates empirical findings on the impact of OI on performance to identify key moderators and statistically tests the significance of these moderators in influencing the OI–performance relationship. Based on a comprehensive dataset of 2,377,123 firms and sub-firm units in 171 studies published from 2003 to 2018, this research demonstrates that the OI–performance relationship i… Show more

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Cited by 15 publications
(15 citation statements)
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References 78 publications
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“…Most of the existing studies found a complementary relationship between internal and external R&D expenditures (Asimakopoulos et al, 2020; Nguyen, Huang, et al, 2021), despite other studies found this relationship as uncomplimentary or substitutive. Thus, Laursen and Salter (2006) found substitutive relationships between both types of R&D expenditures and Alarcón and Sánchez (2013) found no complementary relationship.…”
Section: Theoretical Frameworkmentioning
confidence: 99%
“…Most of the existing studies found a complementary relationship between internal and external R&D expenditures (Asimakopoulos et al, 2020; Nguyen, Huang, et al, 2021), despite other studies found this relationship as uncomplimentary or substitutive. Thus, Laursen and Salter (2006) found substitutive relationships between both types of R&D expenditures and Alarcón and Sánchez (2013) found no complementary relationship.…”
Section: Theoretical Frameworkmentioning
confidence: 99%
“…Both managerial skills and project coordination are necessary for OI to thrive, but time constraints can stall progress [47]. Hence, lack of time was cited as a barrier to the success of OI [23], [47]. Delays at any level of the innovation process can be a result of a multitude of factors, including poor resource allocation, ineffective leadership, and a lack of strategy [47].…”
Section: Operational Levelmentioning
confidence: 99%
“…Technological Affordances. The importance of employing the right technology has frequently been cited in OI research [23], [65], [70], [71]. OI organizations with limited IT-related capabilities may suffer from limited absorptive capacity which, in turn, may jeopardize the OI performance [70].…”
Section: Operational Levelmentioning
confidence: 99%
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“…The theoretical advancement of the open innovation model is considered an alternative solution for encouraging innovation [2]. Theoretically, open innovation accelerates the pace of innovation and leads to breakthroughs in the innovation concept [3]. Many studies have failed to identify the barriers to the implementation of open innovation [4].…”
Section: Introductionmentioning
confidence: 99%