An analysis of the open innovation effect on firm performance

Greco, Marco; Grimaldi, Michele; Cricelli, Livio

doi:10.1016/j.emj.2016.02.008

Cited by 211 publications

(193 citation statements)

References 85 publications

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“…However, at difference of current studies in emerging economies (Armanios et al 2016;Bastos et al 2014;Kruss and Visser 2017;Santarelli and Tran 2016) that continue pay attention on those emerging economies' negative conditions (obstacles, dilemmas and challenges) that limited university-enterprise partnerships, this paper tried to contribute on the debate about the contribution of universities in the radical innovation process of enterprises motivated by a direct enterprises interest for strategic purposes as well as by an indirect enterprises interest of covering the government requirements for accessing to R&D subsidies. Elements that are part of agendas of research lines such as university technology transfer, quadruple helix perspective (Miller et al 2016), university-enterprise relationships, open innovation, innovation performance (Gassmann 2006;Greco et al 2016;Perkmann and Walsh 2007;Van de Vrande et al 2009) and effectiveness of R&D subsidies (Dimos and Pugh 2016;García-Quevedo 2004).…”

Section: Resultsmentioning

confidence: 99%

“…Neither theoretically nor empirically, there is a definitive justification and evidence about the effectiveness of public R&D subsidies in stimulating private/collaborative R&D as well as in resulting of significant and tangible outcomes (Greco et al 2016;Hall et al 2016). The proponents of R&D programs consider that subsidies enhance firm productivity, reinforce domestic economic growth, generate spillovers, and increase private R&D expenditures (Dimos and Pugh 2016).…”

Section: University-enterprises' Innovation Practices Motivated By Gomentioning

confidence: 99%

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Innovation practices in emerging economies: Do university partnerships matter?

2017

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Enterprises' resources and capabilities determine their ability to achieve competitive advantage. In this regard, the key innovation challenges that enterprises face are liabilities associated with their age and size, and the entry barriers imposed on them. In this line, a growing number of enterprises are starting to implement innovation practices in which they employ both internal/external flows of knowledge in order to explore/exploit innovation in collaboration with commercial or scientific agents. Within this context, universities play a significant role providing fertile knowledge-intensive environments to support the exploration and exploitation of innovative and entrepreneurial ideas, especially in emerging economies, where governments have created subsidies to promote enterprise innovation through compulsory university partnerships. Based on these ideas, the purpose of this exploratory research is to provide a better understanding about the role of universities on enterprises' innovation practices in emerging economies. More concretely, in the context of Mexico, we explored the enterprises' motivations to collaborate with universities in terms of innovation purposes (exploration and exploitation) or alternatives to access to public funds (compulsory requirement of being involved in a university partnership).

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Section: Resultsmentioning

confidence: 99%

Section: University-enterprises' Innovation Practices Motivated By Gomentioning

confidence: 99%

Innovation practices in emerging economies: Do university partnerships matter?

2017

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“…Then an interesting extension of the current paper could explore the effect of open innovation strategies on export growth. Recent studies have focused on the open innovation process among firms, revealing the positive effect on innovation performance [59][60][61]. As a consequence, when we take open innovation into consideration, the positive relationship between innovation and export growth is likely to be enhanced, from the perspective of both theoretical mechanism and empirical analysis.…”

Section: Limitations and Further Discussionmentioning

confidence: 99%

Does Firms’ Innovation Promote Export Growth Sustainably?—Evidence from Chinese Manufacturing Firms

2016

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Recent theoretical analysis and empirical studies have emphasized that firms' innovation could significantly improve export growth. However, the positive effect of innovation on exports is likely to change due to unstable domestic offsetting for innovation and increasing worldwide competition for trade. This study aims to explore the dynamic link between them. We first develop a theoretical model between innovation and export growth based on the theory of heterogeneity. Export growth is measured through the dimensions of extensive margin and intensive margin so as to better investigate the effect of innovation on export performance. The propositions of mechanism analysis reveal that the effect of innovation on exports is non-linear rather than sustainable. An empirical study is followed to test the propositions by using data from a representative panel of Chinese manufacturing firms. Consistent with the theoretical predictions, the results show an inverted U-shaped relationship between innovation and extensive margin and a U-shaped relationship between innovation and intensive margin. The non-linear relations are verified by a threshold effect test. Further study shows less innovation and more firms on the left side of the relation curves. The distribution suggests irregular innovation ability among the exporters. Moreover, the role of innovation is more important for export growth and the corresponding threshold is higher in terms of high technological sectors. The contribution of this study is to introduce a comprehensive framework to investigate the dynamic effect of innovation on export growth, serving as a modest spur to induce the following studies to explore the sustainability of innovation effect.

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“…Empirical studies exploring the effect of OI on innovativeness are fairly distributed among small, medium and large firms. Many of them analysed different industries (Czarnitzki & Thorwarth, 2012;Ebersberger, Bloch, Herstad, & Van De Velde, 2012;Greco, Grimaldi, & Cricelli, 2016;Laursen & Salter, 2006), while others focused on high-tech or R&D intensive ones (Belussi, Sammarra, & Sedita, 2008;Caputo, Lamberti, Cammarano, & Michelino, 2016;Henttonen, Ritala, & Jauhiainen, 2011;Hurmelinna-Laukkanen, Olander, Blomqvist, & Panfilii, 2012).…”

Section: Table 1 About Herementioning

confidence: 99%

Open innovation in the power & energy sector: Bringing together government policies, companies’ interests, and academic essence

2017

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The Power and Energy (P&E) sector needs to respond to several challenges fostering investments in research and development. According to the Open Innovation (OI) paradigm, key stakeholders like utilities, vendors, laboratories, universities etc. should take advantage of external knowledge to improve their innovation performance. Several studies have demonstrated that firms adopting the OI paradigm are more likely to innovate. Despite the interest of P&E firms in enhancing their innovation capabilities, surprisingly few articles (usually case studies) described the implementation of the OI paradigm in P&E firms. This article fills the gap by identifying the key drivers that encourage a firm in the P&E sector to embrace the OI paradigm. The authors adopt a hybrid research approach collecting evidence from the literature and through a multiple case-study analysis involving seven British firms and universities operating in the P&E industry. As the drivers of OI have mutual influence, this article describes them with a fuzzy cognitive map. Finally, the authors identify appropriated policies to enhance the OI adoption and, consequently, the sustainability of innovation in the P&E sector. A salient research agenda closes the paper.

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An analysis of the open innovation effect on firm performance

Cited by 211 publications

References 85 publications

Innovation practices in emerging economies: Do university partnerships matter?

Innovation practices in emerging economies: Do university partnerships matter?

Does Firms’ Innovation Promote Export Growth Sustainably?—Evidence from Chinese Manufacturing Firms

Open innovation in the power & energy sector: Bringing together government policies, companies’ interests, and academic essence

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