Measuring the Impact of Open Innovation on Firm Performance in Indonesia Halal Industry

Faried Kurnia Rahman ()
Additional contact information
Faried Kurnia Rahman: Sentul City

Chapter Chapter 11 in Wealth Management and Investment in Islamic Settings, 2022, pp 167-182 from Springer

Abstract: Abstract Innovation has been known as one of the important factors that can boost economic growth in a country. Firms should innovate to overcome the inadequacy of resources. All industrial sectors must have their own innovation concept to sustain the business, including halal industry. Halal industry is one of the most overwhelming industries in the world. To enhance the innovation level, the firms are encouraged to cooperate and to obtain the knowledge from other stakeholders, and this is called as open innovation (OI). Since 2003, there are many research has been conducted on OI. Nevertheless, still there is a necessity to study the implementation of OI as there is a lack of systematic confirmation on its impact to the firm performance. Other than that, it also urges for theoretical development and empirical research. Hence, this research aims to investigate innovation activities in Halal industry which claim as Shari’ah Compliant Firms. This research examines the relationship between open innovation effort and firm performance in manufacturing firms that produce halal products. This research will analyze public listed shari’ah compliant firms in Indonesia. The research model is tested using regression.

Keywords: Innovation; Inbound; Firm performance; Halal industry; R & D (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-981-19-3686-9_11

Ordering information: This item can be ordered from
http://www.springer.com/9789811936869

DOI: 10.1007/978-981-19-3686-9_11

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().