THE ROLE OF ABSORPTIVE CAPACITY IN FACILITATING “OPEN INNOVATION” OUTCOMES: A STUDY OF AUSTRALIAN SMEs IN THE MANUFACTURING SECTOR

Fang Huang and John Rice

Chapter 19 in Promoting Innovation in New Ventures and Small- and Medium-Sized Enterprises, 2017, pp 477-500 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The open innovation approach emphasizes porous knowledge boundaries between firms and upstream suppliers, but tends to ignore questions of transformative efficiency and effectiveness once the knowledge reaches the focal organization. In this paper, we test for the significance of interaction effects between open innovation strategies and absorptive capacity, finding support for the idea that effective knowledge absorption capabilities are of vital importance in the facilitation of innovation effectiveness.

Keywords: Innovation; Enterprise; SMEs; Small and Medium-Sized Enterprises; SMBs; Small and Medium-Sized Businesses (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2017
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