Open Innovation and Firm Performance: The Mediating Role of Social Capital
May 10, 2013 Editor 0
This article examines the role of social relations and networks in open innovation settings. Building on extant open innovation literature as well as on social capital theory, we develop a model that conceptualizes social capital as a mediator between the implementation of open innovation instruments and firm performance. In doing so, this paper adds to the understanding of the role of structure and content of social relations in open innovation contexts as well as of sustainable side-effects of open innovation. In particular, we argue that apart from a direct effect of open innovation instruments on firm performance, there is also a mediated relationship between these variables. More precisely, we propose that the implementation of open innovation instruments strengthens an organization’s social capital, which is, in turn, positively related to firm performance.
- Structural social capital and innovation. Is knowledge transfer the missing link?
- How do different business models affect intellectual capital?
- Inter-organizational knowledge transfer: the perspective of knowledge governance
- An organizational competence model for innovation intermediaries
- Software product innovation in agile usability teams: an analytical framework of social capital, network governance, and usability knowledge management
- Social capital and innovation in the services sector
Subscribe to our stories
- Organisational resilience: building business value in a changing world August 2, 2017
- Stakeholder involvement, knowledge, and gender norms key for effective rainwater management August 1, 2017
- The absorptive capacity as a key success factor in international strategic alliances: a study of Tunisian firms July 29, 2017
- A social affair: identifying motivation of social entrepreneurs July 29, 2017
- How Africa RISING interventions affecting production diversity and dietary quality July 28, 2017