Exploring the impact of open innovation on firm performances

Management Decision

Volumn 54, Issue 7, 2016, Pages 1788-1812

  Caputo, Mauro ^a   Lamberti, Emilia ^a   Cammarano, Antonello ^a   Michelino, Francesca ^a  

^a UNIVERSITY OF SALERNO   (Italy)

Author keywords

Bio pharmaceutical; Financial performances; Inbound; Innovation performances; Open innovation; Outbound

Indexed keywords

EID: 84982912121     PISSN: 00251747     EISSN: None     Source Type: Journal    
DOI: 10.1108/MD-02-2015-0052     Document Type: Article

References (47)

1. Ahn, J.M., Minshall, T. and Mortara, L. (2015), “Open innovation: a new classification and its impact on firm performance in innovative SMEs”, Journal of Innovation Management, Vol. 3 No. 2, pp. 33-54.
2. Ahn, J.M., Mortara, L. and Minshall, T. (2013), “The effects of open innovation on firm performance: a capacity approach”, STI Policy Review, Vol. 4 No. 1, pp. 74-93.
3. Barge-Gil, A. (2013), “Open strategies and innovation performance”, Industry and Innovation, Vol. 20 No. 7, pp. 585-610.
4. Belderbos, R., Faems, D., Leten, B. and Van Looy, B. (2010), “Technological activities and their impact on the financial performance of the firm: exploitation and exploration within and between firms”, Journal of Product Innovation Management, Vol. 27 No. 6, pp. 869-882.
5. Berchicci, L. (2013), “Towards an open R & D system: internal R & D investment, external knowledge acquisition and innovative performance”, Research Policy, Vol. 42 No. 1, pp. 117-127.
6. Boekestein, B. (2009), “Acquisitions reveal the hidden intellectual capital of pharmaceutical companies”, Journal of Intellectual Capital, Vol. 10 No. 3, pp. 389-400.
7. Boston Consulting Group (2015), “The most innovative companies 2015: four factors that differentiate leaders”, available at: www.bcgperspectives.com/most-innovative-companies-2015/ (accessed 15 March 2016).
8. Brännström, D., Catasús, B., Gröjer, J.-E. and Giuliani, M. (2009), “Construction of intellectual capital – the case of purchase analysis”, Journal of Human Resource Costing & Accounting, Vol. 13 No. 1, pp. 61-76.
9. Chaston, I. and Scott, G.J. (2012), “Entrepreneurship and open innovation in an emerging economy”, Management Decision, Vol. 50 No. 7, pp. 1161-1177.
10. Cheng, C.C.J. and Shiu, E.C. (2015), “The inconvenient truth of the relationship between open innovation activities and innovation performance”, Management Decision, Vol. 53 No. 3, pp. 625-647.
11. Chesbrough, H. and Crowther, A.K. (2006), “Beyond high-tech: early adopters of open innovation in other industries”, R&D Management, Vol. 36 No. 3, pp. 229-236.
12. Chiang, Y.-H. and Hung, K.-P. (2010), “Exploring open search strategies and perceived innovation performance from the perspective of inter-organizational knowledge flows”, R&D Management, Vol. 40 No. 3, pp. 292-299.
13. Cooke, P. (2005), “Regionally asymmetric knowledge capabilities and open innovation: exploring ‘globalisation 2’ – a new model of industry organization”, Research Policy, Vol. 34 No. 8, pp. 1128-1149.
14. Dahlander, L. and Gann, D.M. (2010), “How open is innovation?”, Research Policy, Vol. 39 No. 6, pp. 699-709.
15. Du, J., Leten, B. and Vanhaverbeke, W. (2014), “Managing open innovation projects with science-based and market-based partners”, Research Policy, Vol. 43 No. 5, pp. 828-840.
16. Ebersberger, B., Bloch, C.W., Herstad, S.J. and van de Velde, E. (2012), “Open innovation practices and their effect on innovation performance”, International Journal of Innovation and Technology Management, Vol. 9 No. 6, pp. 1-22.
17. Ernst, H. (2003), “Patent information for strategic technology management”, World Patent Information, Vol. 25 No. 3, pp. 233-242.
18. Faems, D., de Visser, M., Andries, P. and van Looy, B. (2010), “Technology alliance portfolios and financial performance: value-enhancing and cost-increasing effects of open innovation”, Journal of Product Innovation Management, Vol. 27 No. 6, pp. 785-796.
19. Fetterhoff, T.J. and Voelkel, D. (2006), “Managing open innovation in biotechnology”, Research-Technology Management, Vol. 49 No. 3, pp. 14-18.
20. Garcia Martinez, M., Lazzarotti, V., Manzini, R. and Sánchez García, M. (2014), “Open innovation strategies in the food and drink industry: determinants and impact on innovation performance”, International Journal of Technology Management, Vol. 66 Nos 2/3, pp. 212-242.
21. Gassmann, O., Enkel, E. and Chesbrough, H. (2010), “The future of open innovation”, R&D Management, Vol. 40 No. 3, pp. 213-221.
22. Gassmann, O., Reepmeyer, G. and von Zedtwitz, M. (2008), Leading Pharmaceutical Innovation: Trends and Drivers for Growth in the Pharmaceutical Industry, 2nd rev. ed. (1st ed. in 2004), Springer, Berlin.
23. Greco, M., Grimaldi, M. and Cricelli, L. (2015), “Open innovation actions and innovation performance: a literature review of European empirical evidence”, European Journal of Innovation Management, Vol. 18 No. 2, pp. 150-171.
24. Hall, B.H. and Ziedonis, R.H. (2001), “The patent paradox revisited: an empirical study of patenting in the US semiconductor industry, 1979-1995”, RAND Journal of Economics, Vol. 32 No. 1, pp. 101-128.
25. Huang, F. and Rice, J. (2009), “The role of absorptive capacity in facilitating ‘open innovation’ outcomes: a study of Australian SMEs in the manufacturing sector”, International Journal of Innovation Management, Vol. 13 No. 2, pp. 201-220.
26. Hung, K.-P. and Chiang, Y.-H. (2010), “Open innovation proclivity, entrepreneurial orientation, and perceived firm performance”, International Journal of Technology Management, Vol. 52 Nos 3/4, pp. 257-274.
27. Hwang, J. and Lee, Y. (2010), “External knowledge search, innovative performance and productivity in the Korean ICT sector”, Telecommunications Policy, Vol. 34 No. 10, pp. 562-571.
28. Inauen, M. and Schenker-Wicki, A. (2011), “The impact of outside-in open innovation on innovation performance”, European Journal of Innovation Management, Vol. 14 No. 4, pp. 496-520.
29. Kaminski, M.D. (2005), “Measurements a corporate patent department can use to report its activities”, IIP Bulletin, pp. 94-99.
30. Khanna, I. (2012), “Drug discovery in pharmaceutical industry: productivity challenges and trends”, Drug Discovery Today, Vol. 17 Nos 19/20, pp. 1088-1102.
31. Kleyn, D., Kitney, R. and Atun, R. (2007), “Partnership and innovation in the life sciences”, International Journal of Innovation Management, Vol. 11 No. 2, pp. 323-347.
32. Lamberti, E., Caputo, M., Michelino, F. and Cammarano, A. (2016), “How to measure collaboration in an open innovation context”, International Journal of Business Innovation and Research (in press).
33. Laursen, K. and Salter, A. (2006), “Open for innovation: the role of openness in explaining innovation performance among UK manufacturing firms”, Strategic Management Journal, Vol. 27 No. 2, pp. 131-150.
34. Lazzarotti, V., Manzini, R. and Pellegrini, L. (2010), “Open innovation models adopted in practice: an extensive study in Italy”, Measuring Business Excellence, Vol. 14 No. 4, pp. 11-23.
35. Lichtenthaler, U. (2009), “Outbound open innovation and its effect on firm performance: examining environmental influences”, R&D Management, Vol. 39 No. 4, pp. 317-330.
36. Lichtenthaler, U. (2015), “A note on outbound open innovation and firm performance”, R&D Management, Vol. 45 No. 5, pp. 606-608.
37. Michelino, F., Lamberti, E., Cammarano, A. and Caputo, M. (2015), “Measuring open innovation in the bio-pharmaceutical industry”, Creativity and Innovation Management, Vol. 24 No. 1, pp. 4-28.
38. Noh, Y. (2015), “Financial effects of open innovation in the manufacturing industry”, Management Decision, Vol. 53 No. 7, pp. 1527-1544.
39. Parida, V., Westerberg, M. and Frishammar, J. (2012), “Inbound open innovation activities in high-tech SMEs: the impact on innovation performance”, Journal of Small Business Management, Vol. 50 No. 2, pp. 283-309.
40. Powell, W., White, D., Koput, K. and Owen-Smith, J. (2005), “Network dynamics and field evolution: the growth of interorganizational collaboration in the life sciences”, American Journal of Sociology, Vol. 110 No. 4, pp. 1132-1205.
41. Scherer, F.M. (1983), “The propensity to patent”, International Journal of Industrial Organization, Vol. 1 No. 1, pp. 107-128.
42. Schroll, A. and Mild, A. (2012), “A critical review of empirical research on open innovation adoption”, Journal für Betriebswirtschaft, Vol. 62 No. 2, pp. 85-118.
43. Spithoven, A., Vanhaverbeke, W. and Roijakkers, N. (2013), “Open innovation practices in SMEs and large enterprises”, Small Business Economics, Vol. 41 No. 3, pp. 537-562.
44. Teirlinck, P. and Poelmans, E. (2012), “Open innovation and firm performance in small-sized R & D active companies in the chemical industry: the case of Belgium”, Journal of Business Chemistry, Vol. 9 No. 3, pp. 117-132.
45. Tseng, F.-M., Hsieh, C.-H., Peng, Y.-N. and Chu, Y.-W. (2011), “Using patent data to analyze trends and the technological strategies of the amorphous silicon thin-film solar cell industry”, Technological Forecasting & Social Change, Vol. 78 No. 2, pp. 332-345.
46. Wagner, S.M. (2013), “Partners for business-to-business service innovation”, IEEE Transactions on Engineering Management, Vol. 60 No. 1, pp. 113-123.
47. West, J. and Bogers, M. (2014), “Leveraging external sources of innovation: a review of research on open innovation”, Journal of Product Innovation Management, Vol. 31 No. 4, pp. 814-831.