 Open Strategies and Innovation PerformanceIndustry and Innovation, 2013, vol. 20, issue 7, 585-610 Abstract: Scholarly interest in the relationship between open strategies and innovation performance has been unfailing, and in recent years has even increased. The present paper focuses on inbound open strategies and reviews various approaches (transaction costs, competences, open innovation) dealing with firms' decisions about these strategies. The different approaches result in different conclusions about the optimum level of openness. They are tested empirically taking account of the different degrees of firms' openness (closed, semi-open, open, ultra-open) and their relationship with sales of new-to-the-market products, and using a panel of Spanish firms from a Community Innovation Survey type survey for the period 2004--2008. Our results show that closed and semi-open strategies are the most common among Spanish firms and that open strategies are associated with the best performance, while semi-open strategies are correlated to a higher performance than closed ones. These results hold across different subsamples based on firm size and industry, and are robust to different ways of defining the indicators and to different estimation methods. Date: 2013 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:indinn:v:20:y:2013:i:7:p:585-610 Ordering information: This journal article can be ordered from DOI: 10.1080/13662716.2013.849455 Access Statistics for this article Industry and Innovation is currently edited by Associate Professor Mark Lorenzen More articles in Industry and Innovation from Taylor & Francis Journals |
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