Does venture capital help to promote open innovation practice? Evidence from China

Yi, Rui; Wang, Haojun; Lyu, Bei; Xia, Qinghua

doi:10.1108/ejim-03-2021-0161

Cited by 40 publications

(34 citation statements)

References 76 publications

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“…In the top 10 countries, there are seven European countries (the United Kingdom, Italy, Spain, France, Germany, Belgium and Sweden), two Asian countries (China and South Korea) and one from the American continent (the United States). It is worth mentioning that the United Kingdom, Italy and Spain have published two papers in the context of entrepreneurship theory [162,164], whilst China and the United Kingdom have studied firms' absorptive capacity [172,173].…”

Section: Featured Authors (Rq2)mentioning

confidence: 99%

Worldwide Research on Open Innovation in SMEs

Sabando-Vera

Yonfá-Medranda

Montalván-Burbano

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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Research on open innovation (OI) has increased in recent years, showing its potential in various areas of knowledge. Its relation to small and medium-sized enterprises has attracted the attention of academics. This article aims to evaluate the intellectual structure of the scientific study of OI, and its close relationship with various scientific fields, through a bibliometric analysis of this academic field using the Scopus database and the application of the VOSviewer software. The methodology comprises a rigorous systematic and transparent process divided into four phases: (i) the establishment of search criteria for the research field, through a literature review for its selection; (ii) the selection of the database, the establishment of the search equation and extraction of information; (iii) the application of inclusion and exclusion criteria for the selected documents and an explanation of the usefulness of the software; and (iv) the analysis of the results through the approaches of scientific output performance and bibliometric mapping. The results show an increasing trend of IO publications in SMEs, consolidated in 396 articles with contributions from 65 countries and 947 authors. The intellectual structure shows seven themes related to firm performance, R&D networks, business management, business models, capabilities and knowledge transfer. This study contributes to the field by providing an overview of IO in SME contexts. It also provides insightful information to policymakers for developing policies for firm economic growth.

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Section: Featured Authors (Rq2)mentioning

confidence: 99%

Worldwide Research on Open Innovation in SMEs

Sabando-Vera

Yonfá-Medranda

Montalván-Burbano

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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show abstract

“…The literature analysis on open innovation shows that most research has initially focused on the aspect of OI in large firms rather than SMEs [30][31][32]. Recently however, the number of studies focused on open innovation in SMEs has been increasing [30,31,[33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48]. Marullo et al, emphasize that OI empirical research focuses not only on high-technology and large firms but also on low-technology and small firms, as well as public and nonprofit organizations [4].…”

Section: Open Innovation In the Context Of Smesmentioning

confidence: 99%

Open Innovation Readiness Assessment within Students in Poland: Investigating State-of-the-Art and Challenges

et al. 2022

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In light of Poland’s innovation performance level being below 70% of the EU average, open innovation can be a key path for innovation capacity increase. This paper explores the readiness of students in Poland for open innovation (OI). The study is based on a survey of a sample of 500 students using the Computer-Assisted Web Interview research technique. The main aim of this paper is to investigate Polish students’ attitude to open innovation—in particular in terms of social product development, crowdsourcing, crowdfunding, and the sharing economy—to assess the state-of-the-art and identify challenges. Students are selected as the target group because they are open-minded, eager to use new solutions, and will soon enter the business sector to either become the staff of companies or set up their own startups or SMEs. However, the study shows that Polish students, if they use the OI-based platforms at all, use them passively. The key barriers identified within this study are a lack of knowledge about the open innovation paradigm, its elements and opportunities, and an issue of trust. Therefore, a change of mindset, the adjustment of universities’ curricula, and the development of open innovation culture are critical.

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“…Third, we included two essential firm characteristics that are pertinent to innovation outcomes (Klingebiel and Rammer, 2014): firm age and firm size. Finally, we also controlled for firms' board size (Zona et al, 2013) and nature of property rights (Yi et al, 2021).…”

Section: Control Variablesmentioning

confidence: 99%

Can talent policy promote firm innovation: An empirical analysis from solar photovoltaic industry in China

Zhang

Gao

2023

Front. Energy Res.

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Supported by government policies, the innovation of China’s solar photovoltaic industry has been triggered greatly. As an important part of public policy, various talent policies have been issued to increase support for innovation. Therefore, it is essential to study the relationship between talent policy and firm innovation of Chinese solar photovoltaic industry. However, there is less empirical research on this topic. In this context, this study examined whether talent policy influences firm innovation. To examine the underlying causal mechanism, this study explored the role of human capital quality structure and human capital function structure in the relationship between talent policy and firm innovation. Based on the buffering and bridging mechanism of resource dependence theory, an empirical model of talent policy, human capital structure and firm innovation were conceptualized. Using an unbalanced panel data of 101 listed firms of the solar photovoltaic industry in China from 2008 to 2021, the random effect GLS regression was employed to empirically test the impact of talent policy on firm innovation, the mediating effects of human capital quality structure and human capital function structure, and examined the heterogeneous impact of nature of property rights and R&D intensity on the above relationships. The results show that talent policy can significantly promote firm innovation. Human capital structure plays mediating effects on the relationship between talent policy and firm innovation. Moreover, the talent policy and human capital structure’s effects on firm innovation are more significant in non-state-owned firms and firms with low R&D intensity. This study provides an important reference for promoting firm innovation through human capital structure in the construction of the talent policy.

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Does venture capital help to promote open innovation practice? Evidence from China

Cited by 40 publications

References 76 publications

Worldwide Research on Open Innovation in SMEs

Worldwide Research on Open Innovation in SMEs

Open Innovation Readiness Assessment within Students in Poland: Investigating State-of-the-Art and Challenges

Can talent policy promote firm innovation: An empirical analysis from solar photovoltaic industry in China

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