The role of open innovation in emerging economies: do companies profit from the scientific knowledge of others?

Citation

Kafouros, M.I. (2012), "The role of open innovation in emerging economies: do companies profit from the scientific knowledge of others?", Strategic Direction, Vol. 28 No. 10. https://doi.org/10.1108/sd.2012.05628jaa.010

The role of open innovation in emerging economies: do companies profit from the scientific knowledge of others?

Article Type: Abstracts From: Strategic Direction, Volume 28, Issue 10

Kafouros M.I. and Forsans N.Journal of World Business, July 2012, Vol. 47 No. 3, Start page: 362, No. of pages: 9

Our contribution lies in explaining why inter-firm variations in the strategic decision to actively seek and acquire external scientific knowledge impact not only financial performance but also the effects of firms’ own R&D. We further demonstrate that the performance implications of using external knowledge and technologies vary considerably depending on their source (domestic or foreign). Knowledge sourcing from domestic organizations has negligible consequences for financial performance and an adverse effect on firms’ own R&D. By contrast, knowledge acquisition from foreign countries results in superior performance and assists firms in unlocking their innovation potential.Article type: Research paperISSN: 1090-9516Reference: 41AL666

Keywords: Emerging markets, India, Knowledge, Open innovation, Research and development