THE IMPACT OF OPEN INNOVATION PRACTICES AND MODERATING EFFECT OF INTER-ORGANIZATIONAL NETWORKS ON INNOVATION PERFORMANCE OF LARGE FIRMS IN SRI LANKA

Weerasinghe R.N. (), Jayawardane A.K.W. () and Yapa U.A.S. ()
Additional contact information
Weerasinghe R.N.: University of Sri Jayewardenepura
Jayawardane A.K.W.: University of Moratuwa, Katubedda, Moratuwa
Yapa U.A.S.: University of Sri Jayewardenepura, Nugegoda

Annals of Spiru Haret University, Economic Series, 2021, vol. 21, issue 3, 29-58

Abstract: Innovation plays a prominent role in the contemporary world. It brings novel products and services to the market while exploring new ways of production, distribution, marketing and impacts all other aspects of organizations including human behaviour through hard as well as soft methods. Open innovation has been introduced as a new paradigm in innovation management. This study examines the impact of open innovation on innovation performance of the listed companies in Sri Lanka with the moderating effect of inter-organizational networks. Open innovation practices have been recognized in this study in two folds – as outside-in open innovation and inside-out open innovation Data were collected through a survey among 165 top-level managers of listed companies in Sri Lanka. The sample was selected using purposive and snowballing sampling methods. After testing the validity and the reliability of the instrument and collected data, simple regression analysis was conducted to test the hypotheses. The study findings indicate that both outside-in open innovation and inside-out open innovation positively and significantly impact innovation performance. Further, results show that inter-organization networks positively moderate the effect of both inside-out open innovation and outside-in open innovation on innovation performance.

Keywords: innovation; open innovation; innovation performance; large firms; Sri Lanka (search for similar items in EconPapers)
JEL-codes: D02 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://anale.spiruharet.ro/index.php/economics/article/view/1094/pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:sphecs:0402

Access Statistics for this article

Annals of Spiru Haret University, Economic Series is currently edited by Elena Gurgu and Constantin Mecu

More articles in Annals of Spiru Haret University, Economic Series from Universitatea Spiru Haret no. 13 Street Ion Ghica, Quarter 3, Bucharest, Cod postal: 030045, tel: (004021) 455.1000; 314.00.75; 314.00.76, fax: (004021) 314.39.08, e-mail: info@spiruharet.ro. Contact information at EDIRC.
Bibliographic data for series maintained by Aurelian A BONDREA () and Constantin Mecu ( this e-mail address is bad, please contact ).