The role of open innovation in emerging economies: Do companies profit from the scientific knowledge of others?

Mario I. Kafouros and Nicolas Forsans

Journal of World Business, 2012, vol. 47, issue 3, 362-370

Abstract: Our contribution lies in explaining why inter-firm variations in the strategic decision to actively seek and acquire external scientific knowledge impact not only financial performance but also the effects of firms’ own R&D. We further demonstrate that the performance implications of using external knowledge and technologies vary considerably depending on their source (domestic or foreign). Knowledge sourcing from domestic organizations has negligible consequences for financial performance and an adverse effect on firms’ own R&D. By contrast, knowledge acquisition from foreign countries results in superior performance and assists firms in unlocking their innovation potential.

Keywords: Open innovation; Knowledge; R&D; Emerging markets; India (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (48)

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DOI: 10.1016/j.jwb.2011.05.004

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