Optimal Openness Level and Economic Performance of Firms: Evidence from Belgian CIS Data
Year: 2015
Type: preprint
Abstract: This paper addresses how Inbound Open Innovation (i.e. outside-in knowledge flows) affects firms’ performances in terms of turnover related to new products. More specifically, we analyze the effects of Open Breadth (number of sources of information), Open Depth (intensity of the use of a specific source) and Ambidexterity (the combination of the two previews dimensions) on innovative performance. The empirical analysis is based on the Belgian sixth edition of the Community Innovation Survey (CIS 2008). A robust double censored Tobit regression is applied in order to test four hypotheses. We provide confirming evidences for a curvilinear relationship (inverted U-shape) between our three independent variables (Breadth, Depth and Ambidexterity) and our dependent variable of new product performance. A predominant effect is found for the Breadth dimension comparing to the Depth one.
Authors: Michele Cincera, Pierre De Clercq, Thomas Gillet
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2261294662