Effect of Distance on Open Innovation: Differences among Institutions According to Patent Citation and Reference

JinHyo Joseph Yun, EuiSeob Jeong, ChangHwan Lee, JinSeu Park and Xiaofei Zhao
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JinHyo Joseph Yun: Tenured Principal Researcher, Daegu Gyeongbuk Institute of Science and Technology (DGIST), 50-1 Sang-ri, Hyeonpung-Myeon, Dalseong-Gun, Daegu 711-873, Korea
EuiSeob Jeong: Principal Researcher, Korea Institute of Science and Technology Information (KISTI), Hoegi-Ro, 66 Dongdaemun-Gu, Seoul 130-741, Korea
ChangHwan Lee: Principal Researcher, Korea Institute of Science and Technology Information (KISTI), Hoegi-Ro, 66 Dongdaemun-Gu, Seoul 130-741, Korea
JinSeu Park: Principal Researcher, Korea Institute of Science and Technology Information (KISTI), Hoegi-Ro, 66 Dongdaemun-Gu, Seoul 130-741, Korea
Xiaofei Zhao: Tenured Principal Researcher, Daegu Gyeongbuk Institute of Science and Technology (DGIST), 50-1 Sang-ri, Hyeonpung-Myeon, Dalseong-Gun, Daegu 711-873, Korea

Sustainability, 2017, vol. 9, issue 8, 1-15

Abstract: The main topic of this paper is the effects of distance between technology and the market, on open innovation. For this, we set up two research questions, as follows: Is there any relation between the distance between technology and the market, and open innovation? If there is, what differences are there in the relation among Fortune 500 companies, non-Fortune 500 companies, laboratories, universities, and start-ups? First, this study measured the distance between technology and the market of a patent by the size of its list of references and citations. Second, the OI network among patent application subjects was described based on patent similarity. Third and most importantly, regression analyses were used to answer the research questions. The first result was that there were differences in the distance and OI among Fortune 500 firms, Fortune non-500 firms, laboratories, universities, and start-ups. Thus, there are relations between the distance between technology and the market, and open innovation. The second result was that the distance between technology and the market was found to moderate the open innovation effect in Fortune 500 companies and laboratories.

Keywords: distance; technology; market; open innovation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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