Abstract
In current research on open innovation, the impact of innovative openness on the effect of innovation capability on corporate operating performance has been ignored. This paper uses hierarchical linear regression model with financial data of 137 listed enterprises in Chinese Stock Exchanges to study the moderate effect of openness on relationship of innovation capability and operating performance. The result shows that the internal innovation capability and absorption capability can significantly affect the operating performance, but the effect of technology acquisition and diffusion capability is remarkable only under the moderation of openness. Meanwhile, innovative openness negatively impacts the effect of internal innovation capability on the operating performance, and positively impacts the effect of absorptive ability. Finally, this paper provides some suggestions for helping enterprise’s implementation of open innovation strategy based on their own capabilities.
Highlights
Today innovation is the key to maintain the competitiveness and market position of enterprises
This paper suggests that: firstly, a wider range of external source of innovation cooperation means that more external partners and more innovation resources will be gained using enterprise’s technology acquisition capability [42]; secondly, based on technology diffusion capability, the enterprise can strengthen its innovation affect and implant its innovative ideas to create a more favorable system environment; deepening of cooperation with external sources can promote the circulation of knowledge resources, reduce the risk of trust and eventually gain benefits with the utilization of technology acquisition and diffusion capability
Degree of relevance between R&D staff quantity, knowledge stock and dependent variables is the highest, that is to say, internal innovation capability and absorptive capacity is vital to the enterprises
Summary
Today innovation is the key to maintain the competitiveness and market position of enterprises. With the rapid development of science and technology, more and more enterprises choose to increase investment in R&D and transform innovation mode at the same time, paying attention to the utilization of external resources and knowledge to maintain their own competitiveness in the international market [1]. It is the inevitable reaction to the intensifying globalization trend, and the natural product of increasingly fierce competition in the. (2016) Research on the Relationship of Innovation Capability and Operating Performance Based on Moderation of Openness. This paper will put forward the selection method of open innovation strategy based on enterprise’s situation
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