Open innovation and firms' performance: State of the art and empirical evidences from the bio-pharmaceutical industry

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Abstract

The research presented in this paper explores the effect of inbound, outbound and coupled open innovation practices on firms' performances in the biopharmaceutical industry. Specifically, although existing researches on open innovation effectiveness have separately investigated the effect of open innovation practices on innovation and financial performance, this study evaluates the concurrent effect of these practices on both such performance dimensions in a single framework. We state the importance for a manager to explore concurrently the influence of specific open innovation practices both on innovation and economic-financial performance. We empirically test our framework on a sample of 120 companies listed on the NASDAQ biotechnology index.
Lingua originaleEnglish
pagine (da-a)109-134
Numero di pagine26
RivistaInternational Journal of Technology Management
Volume70
Stato di pubblicazionePublished - 2016

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All Science Journal Classification (ASJC) codes

  • Industrial relations
  • Engineering(all)
  • Computer Science Applications
  • Strategy and Management
  • Law

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