The effect of inbound open innovation on firm performance: Evidence from high-tech industry

Wang, Chun-Hsien; Chang, Ching‐Hsing; Shen, George C.

doi:10.1016/j.techfore.2015.07.006

Cited by 144 publications

(143 citation statements)

References 51 publications

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“…The findings suggest that TS, HTC and VTC can significantly improve the in-house innovation capabilities and the financial performance of the SMEs in oil and gas industry. This is in line with the studies of Parida et al (2012), Wang et al (2015) and Laursen and Salter (1996), among others. SMEs in Nigerian oil and gas industry should concert their efforts more on TS, HTC and VTC, so as to improve their financial performance and productivity.…”

Section: Impact Of Inbound Open Innovation On Small and Medium-sized supporting

confidence: 92%

“…The first and the largest factor explains 20.8% of the variance of the data and the cumulative percentage of the four factors explains 62.7% of the variance of the data. This shows that there is no problem of common method variance in the data, as only one singular factor does not explain the majority of the variance (Podsakoff & Organ 1986;Wang et al 2015). Table 2 shows the correlations of the variables.…”

Section: Impact Of Inbound Open Innovation On Small and Medium-sized mentioning

confidence: 94%

“…This study adopts technology scouting (TS), horizontal technology collaboration (HTC) and vertical technology collaboration (VTC) as variables to acquire external knowledge as used in the work of Parida, Westerberg and Frishammar (2012) and Wang, Chang and Shen (2015). These variables were considered relevant to this study, as compared to the SMEs in the oil and gas industry.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…This implies that TS involves both searching for technology acquisition channels and supporting the process of innovation efforts. TS characterises an innovation process in which external actors are involved as sources for ideas, new and crucial knowledge, technical solutions and acquisitions or even discovery opportunities (Wang et al 2015). The importance of TS includes gathering ideas, information and knowledge useful to support the firm's internal innovation process from the external environment.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

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Empirical analysis of inbound open innovation and SMEs performance: Evidence from oil and gas industry

Akinwale

2018

SAJEMS

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Background: This article contributes to existing literature by examining the relationship between inbound open innovation and firms’ financial performance in the Nigerian oil and gas industry. Aim: This article seeks to identify the factors of inbound open innovation and whether these factors influence the financial performance of small and medium-sized enterprises (SMEs) in the Nigerian oil and gas industry. Setting: This article examines 150 indigenous oil and gas SMEs in the upstream subsector of the Nigerian petroleum sector through a survey, using a questionnaire, conducted in 2015. Methods: The study applied the structural equation modelling (SEM) method. This method is used to test the relationships between the factors and to calculate the measurement errors in the hypotheses formulated. Results: The results show that technology scouting, vertical technology collaboration (VTC) and horizontal technology collaboration (HTC) positively and significantly contribute to inbound open innovation, which are thus significant in influencing the financial performance of SMEs. The size of technical staff and research and development (R&D) fund allocations also have a positive and significant correlation with the SMEs’ financial performance. Meanwhile, the age of SMEs is negative and not significant in influencing financial performance. Conclusion: The results suggest that inbound open innovation through scouting, HTC and VTC should therefore be encouraged among SMEs to boost their internal capabilities, which have hitherto enhanced their financial performance. The management members of each SME should continually consider collaboration with the external actors because they cannot singularly possess all the innovative skills required in the industry. Also, each firm should commit itself to allocate more funds to R&D and at the same time should hire those who have relevant production skills and train the existing ones in their firms.

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Section: Impact Of Inbound Open Innovation On Small and Medium-sized supporting

confidence: 92%

Section: Impact Of Inbound Open Innovation On Small and Medium-sized mentioning

confidence: 94%

Section: Hypothesis Developmentmentioning

confidence: 99%

Section: Hypothesis Developmentmentioning

confidence: 99%

See 2 more Smart Citations

Empirical analysis of inbound open innovation and SMEs performance: Evidence from oil and gas industry

Akinwale

2018

SAJEMS

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“…Sisodiya et al and Choi argued that open innovation is conducive in reducing product cost and improving the performance of enterprises [6,14]. Based on a large-scale survey of high-tech firms, Wang et al, found that a well-developed open innovation can achieve superior performance [15].…”

Section: Introductionmentioning

confidence: 99%

The robust analysis of supply chain based on uncertainty computation: insight from open innovation

et al. 2017

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In this study, the effects of open innovation practices on enterprise value were discussed based on the supply chain perspective. A nonlinear programming mode was constructed considering the uncertainty of open innovation effect. On this basis, the prototype was analyzed using a robust optimization approach with comprehensive considerations to the infeasible probability of constraint and goal accuracy. Findings show that parameter could convert the nonlinear programming model with uncertainty into a robust model with a strong stability. Furthermore, could be used to regulate the preference of the manufacturer to profit and the uncertainties in innovative practices. A small indicates manufacturers can refer to more information, and the manufacturers are more inclined to a mass production, so the profit is larger. Meanwhile, a high means that manufacturers can refer to less information, so that they pay more attention to making the product output adapt to the uncertainty of innovative effect. Manufacturers could select the appropriate value and reasonably arrange the production outputs of different goods according to the technological level of open innovation subject and their preference to profit and uncertainty. These conclusions were verified by a case study. In this work, the uncertainty of the open innovation effect was investigated from the supply chain perspective, which is of important significance to the decision making on optimal B Qingchun Meng

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Sustainable development and incumbents' open innovation strategies for a greener competence‐destroying technology: The case of electric vehicles

Cabigiosu

2022

Bus Strat Env

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Given that entire industries face sustainable development challenges, it is important to understand the dynamics that lead incumbents to develop competence-destroying sustainable product innovations. This paper provides a longitudinal analysis of automobile incumbents' open innovation strategies during the era of shift from internal combustion engines to electric vehicles by describing the process through which they leverage open innovation for the provision and development of electric batteries, the most distinct component of electric vehicles. The paper analyses the strategies of 13 carmakers over a period of 26 years and identifies a path-based open innovation framework for green technology characterised by an inverse U-shaped breadth and depth of partnerships correlated to different levels of technological uncertainty until carmakers start moving from market to hierarchy by producing in-house electric batteries.

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The effect of inbound open innovation on firm performance: Evidence from high-tech industry

Cited by 144 publications

References 51 publications

Empirical analysis of inbound open innovation and SMEs performance: Evidence from oil and gas industry

Empirical analysis of inbound open innovation and SMEs performance: Evidence from oil and gas industry

The robust analysis of supply chain based on uncertainty computation: insight from open innovation

Sustainable development and incumbents' open innovation strategies for a greener competence‐destroying technology: The case of electric vehicles

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