Managing open innovation with science-based vs. market-based partners: board of directors as a contingency

Jie Wu (), Nitin Pangarkar (), Xiaohui Shi (), Zhiyang Liu () and Zefu Wu ()
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Jie Wu: University of Aberdeen Business School, King’s College
Nitin Pangarkar: National University of Singapore
Xiaohui Shi: University of Aberdeen Business School, King’s College
Zhiyang Liu: Shanghai University of Finance and Economics
Zefu Wu: City University of Macau

Asian Business & Management, 2024, vol. 23, issue 5, No 4, 713-737

Abstract: Abstract Drawing on the open innovation literature, we examine the relationship between alliances with science-based and market-based partners on the one hand, and impactful and lower-impact innovations, on the other hand. Specifically, we predict that alliances with science-based partners will boost impactful innovations while alliances with market-based partners will boost low-impact innovations. We also examine how the social capital of the Board of Directors moderates these relationships. We base our analyses on a large dataset of Chinese firms constructed from diverse sources and find strong support for our hypothesized relationships. We identify the theoretical and managerial implications of our study.

Keywords: Science-based alliances; Market-based alliances; Innovation impact; Board of directors; Social capital (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1057/s41291-023-00261-2

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