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Structural Relationship and Influence between Open Innovation Capacities and Performances

Kwangsoo Shin (), Eungdo Kim () and EuiSeob Jeong ()
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Kwangsoo Shin: Department of Biomedical Convergence, College of Medicine, Chungbuk National University, Chungdae-ro 1, Seowon-gu, Cheongju-si, Chungbuk 28644, Korea
Eungdo Kim: Department of Biomedical Convergence, College of Medicine, Chungbuk National University, Chungdae-ro 1, Seowon-gu, Cheongju-si, Chungbuk 28644, Korea
EuiSeob Jeong: Korea Institute of Science and Technology Information (KISTI), Seoul 02456, Korea

Sustainability, 2018, vol. 10, issue 8, 1-18

Abstract: Previous studies related to open innovation have presented piecewise implications in relation to various knowledge management capacities. The study published by Lichtenthaler and Lichtenthaler in 2009 presented a model that combines the various open innovation capacities of firms in view of a mix of knowledge management, dynamic capability and absorptive capacity. Despite these efforts, there have been few empirical studies on the relationships among capacities, or between capacities and performance from an integrated perspective. Therefore, this study seeks to clarify the relationships among knowledge capacities and between knowledge capacities, technological innovation and financial performance at the firm level. Our findings are that the transformative, connective, inventive and absorptive capacities both directly and indirectly affects technological innovation performance; and innovative and desorptive capacities are the key factors connecting technological innovation to financial performance. This study provides managerial implications for the balanced development of the various knowledge capacities and the improvement of technological innovation and financial performance for firm knowledge managers.

Keywords: open innovation; knowledge capacity; knowledge management; technological innovation performance; financial performance; biopharmaceutical industry (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2018
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