6533b835fe1ef96bd129ffba
RESEARCH PRODUCT
Network embeddedness and new product development in the biopharmaceutical industry: The moderating role of open innovation flow
Erica MazzolaDzidziso Samuel KamuriwoGiovanni Perronesubject
HDEconomics and EconometricsOpen innovationEmbeddednessRelation (database)business.industryManagement Science and Operations ResearchSettore ING-IND/35 - Ingegneria Economico-GestionaleGeneral Business Management and AccountingIndustrial and Manufacturing EngineeringNew product developmentNew product developmentEconomicsPosition (finance)The InternetMarketingInter-firm networkbusinessCentralityIndustrial organizationStructural holesOpen innovationdescription
This paper explores the role of centrality and structural holes positions on the likelihood to develop new products and the moderating role of the open innovation flow, a measure of the net knowledge flow crossing the firm’s boundaries, on the aforementioned relation. We argue that network positions provide the information content to the firm, whilst open innovation flow describes how the firm uses such content, thus the combination of these two concepts has a significant impact on new product development. We test the theoretical framework on a large sample of 544 public companies and data from 1758 agreements among 1890 bio-pharmaceutical firms through the period 2006–2010. Our results show that being centrally located in the network positively affects the new product development process, while having a structural holes position has no effect on the aforementioned performance. However, the interaction of the two network positions with the open innovation flow has a positive impact on the likelihood to develop new products.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2015-02-01 |