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

6533b81ffe1ef96bd127710c

RESEARCH PRODUCT

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

Manfredi Bruccoleri Erica Mazzola Giovanni Perrone

subject

Index (economics)Strategy and Management media_common.quotation_subject Innovation management Sample (statistics)innovation performance 010501 environmental sciences 01 natural sciences NASDAQ Biopharmaceutical industry outbound open innovation practice coupled open innovation practice State (polity)0502 economics and business biopharmaceutical industry Marketing Industrial organization 0105 earth and related environmental sciences Open innovation media_common Pharmaceutical industry Financial performance business.industry 05 social sciences Inbound open innovation practices; outbound open innovation practices; coupled open innovation practices; innovation performance; economic-financial performance; biopharmaceutical industry; NASDAQ General Engineering Inbound open innovation practice Settore ING-IND/35 - Ingegneria Economico-Gestionale Computer Science Applications economic-financial performance Industrial relations Business Law 050203 business & management

description

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.

year	journal	country	edition	language
2016-01-01	International Journal of Technology Management

https://doi.org/10.1504/ijtm.2016.075152

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