How the Diversity of Cooperation Partners Affects Startups’ Innovation Performance: An Analysis of the Role of Cooperation Breadth in Open Innovation

Gimenez‐Fernandez, Elena M.; Bogers, Marcel; Sandulli, Francesco Domenico

doi:10.1007/978-3-030-16912-1_2

Cited by 10 publications

(3 citation statements)

References 100 publications

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“…Interacting with diverse network partners can help firms to collect a broader range of information from external sources, providing broader learning that goes beyond existing cognitive horizons and may better "prepare" the company for new business opportunities (Martinez and Aldrich, 2011;Pangarkar and Wu, 2013;Taheri and van Geenhuizen, 2019). New ventures benefit more from knowledge exploration when engage in a diversity of cooperation activities because they spread the risks involved in opportunity recognition and exploitation (Gimenez-Fernandez et al, 2019) and enhance innovation processes (Ferreira et al, 2020;Hagedoorn et al, 2018;Shiri et al, 2015). Especially for small and technological new ventures, partner diversity affects market potential and the firm's financial value (Cisi et al, 2020;Parida et al, 2016;Swaminathan and Moorman, 2009).…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Platforms' partner networks: the missing link in crowdfunding performance

Cosma

Grasso

Pattarin

et al. 2021

EJIM

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PurposeA network of partners helps and assists a crowdfunding platform (CFP) in scouting, assessing and selecting projects. This cooperation increases the number of successful projects by attracting a sizable number of investors, proponents and attracting marginal investors when a campaign falls short of the threshold for success. This study examines the role of partner networks in a platform ecosystem, specifically in terms of number of different partners and their diversity in the performance of the crowdfunding campaign.Design/methodology/approachUsing logistic and linear regressions, we analyze a sample of 233 projects, both funded and not funded, launched by 10 Italian equity CFPs between 2014 and 2018.FindingsOur findings indicate that the variety of partners in a platform's network influence the probability of campaign success and how much capital the proponent company raises. CFPs are resource-constrained new ventures, and a network with a wider variety of partners ensures the strategic resources and competencies that are required in an early stage market, thus facilitating campaign funding.Practical implicationsThe variety of partner networks could help CFPs to offer unique and strategic value propositions and define the competitive positioning of platforms.Originality/valueThis study provides a deeper understanding of the determinants of equity crowdfunding campaign performance by emphasizing the role of CFP's network of partners on the entire crowdfunding ecosystem and its underlying organizational elements.

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Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Platforms' partner networks: the missing link in crowdfunding performance

Cosma

Grasso

Pattarin

et al. 2021

EJIM

View full text Add to dashboard Cite

show abstract

“…Thus, the size of open innovation projects was included as a control variable to ensure that innovation performance is not influenced by the size of open innovation projects. Previous studies suggested that working with multiple heterogeneous participating partners can improve the participating team’s ability to acquire diverse knowledge, improve the enterprise’s ability to recognize and solve problems, and thus promote enterprise innovation (Gimenez-Fernandez et al , 2019). However, some studies also point out that too many partners will increase the transaction costs of knowledge sharing and transfer among partners, and face problems such as unfair benefit distribution and opportunism (Kobarg et al , 2019).…”

Section: Methodsmentioning

confidence: 99%

Impact of multiple commitments on the performance of open innovation projects: the mediating role of trusted and vigilant knowledge interaction

Qin

Wang

2022

JKM

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Purpose Based on commitment system theory and commitment-trust theory, this study aims to reveal the effects of participating teams’ multiple commitments (i.e. synergistic commitments and conflicting commitments) on the performance of open innovation projects through the mediating role of trusted knowledge interaction and vigilant knowledge interaction. Design/methodology/approach Primary survey data collected from 242 respondents of 47 open innovation projects in the manufacturing industry was used to test eight hypotheses. Correlations between multiple commitments, knowledge interaction and the performance of open innovation projects were investigated. Findings The findings reveal that synergistic commitments improve the performance of open innovation projects through enhancing trusted knowledge interaction. Synergistic commitments reduce the level of vigilant knowledge interaction, and the performance of open innovation projects follows an inverted U-shaped relationship with vigilant knowledge interaction. Conflicting commitments negatively moderate the effect of synergistic commitments on trusted knowledge interaction and vigilant knowledge interaction. Originality/value The authors extend commitment system theory and commitment-trust theory to open innovation project field. The findings bridge the gaps in isolated and static focus in previous commitment literatures and innovation management literatures, and provide practical guidance for how to better manage the dynamic combination of multiple commitments and knowledge interaction among participating teams in open innovation projects.

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“…Collaborative strategies to explore and exploit business opportunities (Burgelman and Hitt, 2007) could aid start‐ups to achieve a reputation and gain legitimacy despite scarce resources (Brem et al, 2017; Gimenez‐Fernandez et al, 2020; Zhang et al, 2021). Yet little is known about openness in start‐ups (Eftekhari and Bogers, 2015; Gimenez‐Fernandez et al, 2019, 2020) or how open strategies change over time (Appleyard and Chesbrough, 2017). This is partly because of differences in open innovation (OI) between larger and smaller companies (Brunswicker and Vanhaverbeke, 2015; Vanhaverbeke, 2017; Greul et al, 2018; Bertello et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Exploring the dynamics of openness and formal appropriability and its impact on innovation performance in start‐ups

et al. 2023

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A tension between openness and formal appropriability (FA) emerges in start‐ups as they require both in order to attract investors or innovation partners, yet their limited resources are a challenge in this pursuit. This paper sheds light on this tension through the study of the dynamics of openness and formal appropriability over time and the impact of combining openness and formal appropriability mechanisms (FAMs) on innovation performance. Using a longitudinal panel sample of Spanish start‐ups during a period of ten years, it is found that start‐ups change their openness and formal appropriability strategies over their development and that a combination of openness and formal appropriability enhances start‐ups' innovation performance. This combinative strategy is more relevant for start‐ups during the early years of start‐up growth, and if they have a high R&D intensity. The study contributes to literature that analyses the trade‐off between openness and appropriability, and bridges entrepreneurship and open innovation literatures, providing valuable implications for managers.

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How the Diversity of Cooperation Partners Affects Startups’ Innovation Performance: An Analysis of the Role of Cooperation Breadth in Open Innovation

Cited by 10 publications

References 100 publications

Platforms' partner networks: the missing link in crowdfunding performance

Platforms' partner networks: the missing link in crowdfunding performance

Impact of multiple commitments on the performance of open innovation projects: the mediating role of trusted and vigilant knowledge interaction

Exploring the dynamics of openness and formal appropriability and its impact on innovation performance in start‐ups

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