IDEAS home Printed from https://ideas.repec.org/a/eee/reveco/v90y2024icp89-101.html
   My bibliography  Save this article

The mechanism of TMT network characteristics on enterprises’ open innovation: A theoretical framework and meta-analysis

Author

Listed:
  • Zhou, Xiaorui
  • Yang, Li

Abstract

Based on the theories of social networks and Knowledge-Based View, this paper explores the mechanism of top management team network on enterprises' open innovation, using knowledge collaboration as an intermediate variable. Working from analysis of existing literature, this paper builds a theoretical framework and performs Meta regression analysis. This paper adopts the technical means of Meta-analysis to collect and quantitatively analyze 35 independent and empirical literatures from 2001 to 2019, and thoroughly inquires the relationship between TMT network characteristics and open innovation. The research discovers that TMT network centricity, network sparseness, and knowledge diversity all have a positive impact on enterprises’ open innovation, and that knowledge collaboration plays an intermediary role. Enterprises should actively utilize the social network relationships of TMT members to obtain diverse knowledge resources, promote knowledge collaboration, and improve the efficiency of knowledge sharing and creation, thereby promoting the improvement of open innovation performance.

Suggested Citation

  • Zhou, Xiaorui & Yang, Li, 2024. "The mechanism of TMT network characteristics on enterprises’ open innovation: A theoretical framework and meta-analysis," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 89-101.
  • Handle: RePEc:eee:reveco:v:90:y:2024:i:c:p:89-101
    DOI: 10.1016/j.iref.2023.11.008
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1059056023004410
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.iref.2023.11.008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. De Silva, Muthu & Howells, Jeremy & Meyer, Martin, 2018. "Innovation intermediaries and collaboration: Knowledge–based practices and internal value creation," Research Policy, Elsevier, vol. 47(1), pages 70-87.
    2. Anabel Fernández-Mesa & Ronald Clarke & Ana García-Granero & Justo Herrera & Justin J.P. Jansen, 2023. "Knowledge network structure and middle management involvement as determinants of TMT members’ ambidexterity: A multilevel analysis," Post-Print hal-04122723, HAL.
    3. Belitski, Maksim, 2019. "Innovation in Schumpeterian-type Firms: Knowledge Collaboration or Knowledge Spillover?," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 15(3-4), pages 368-390, December.
    4. Stephan, Annegret & Bening, Catharina R. & Schmidt, Tobias S. & Schwarz, Marius & Hoffmann, Volker H., 2019. "The role of inter-sectoral knowledge spillovers in technological innovations: The case of lithium-ion batteries," Technological Forecasting and Social Change, Elsevier, vol. 148(C).
    5. Justin Tan & Hongjuan Zhang & Liang Wang, 2015. "Network Closure or Structural Hole? The Conditioning Effects of Network–Level Social Capital on Innovation Performance," Entrepreneurship Theory and Practice, , vol. 39(5), pages 1189-1212, September.
    6. Pham, Thuy-Dzung T. & Lo, Fang-Yi, 2023. "How does top management team diversity influence firm performance? A causal complexity analysis," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    7. Metcalfe, Stan & Ramlogan, Ronnie, 2008. "Innovation systems and the competitive process in developing economies," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 433-446, May.
    8. Martin, Silvia L. & Javalgi, Rajshekhar (Raj) G., 2019. "Explaining performance determinants: A knowledge based view of international new ventures," Journal of Business Research, Elsevier, vol. 101(C), pages 615-626.
    9. Sze-Sze Wong & Wai Fong Boh, 2014. "The Contingent Effects of Social Network Sparseness and Centrality on Managerial Innovativeness," Journal of Management Studies, Wiley Blackwell, vol. 51(7), pages 1180-1203, November.
    10. José Antonio Belso-Martínez & Francisco Mas-Verdu & Lorenzo Chinchilla-Mira, 2020. "How do interorganizational networks and firm group structures matter for innovation in clusters: Different networks, different results," Journal of Small Business Management, Taylor & Francis Journals, vol. 58(1), pages 73-105, January.
    11. Ignacio Cepeda-Carrion & Jaime Ortega-Gutierrez & Aurora Garrido-Moreno & Juan-Gabriel Cegarra-Navarro, 2023. "The Mediating Role of Knowledge Creation Processes in the Relationship Between Social Media and Open Innovation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1275-1297, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Justin R. Hall & Selen Savas-Hall & Eric H. Shaw, 2023. "A deductive approach to a systematic review of entrepreneurship literature," Management Review Quarterly, Springer, vol. 73(3), pages 987-1016, September.
    2. Dodgson, Mark & Hughes, Alan & Foster, John & Metcalfe, Stan, 2011. "Systems thinking, market failure, and the development of innovation policy: The case of Australia," Research Policy, Elsevier, vol. 40(9), pages 1145-1156.
    3. Filipiak, Ute, 2016. "Trusting financial institutions: Out of reach, out of trust?," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 200-214.
    4. Bhattacharjya, Bibhuti Ranjan & Bhaduri, Saradindu & Kakoty, Sashindra Kumar, 2023. "Co-creating community-led frugal innovation: An adapted Quadruple Helix?," Technovation, Elsevier, vol. 124(C).
    5. Benjamin Azembila Asunka & Zhiqiang Ma & Mingxing Li & Nelson Amowine & Oswin Aganda Anaba & Haoyang Xie & Weijun Hu, 2021. "Analysis of the causal effects of imports and foreign direct investments on indigenous innovation in developing countries," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 17(5), pages 1315-1335, January.
    6. Xu Wang & Hong Fang & Fang Zhang & Siran Fang, 2018. "The Spatial Analysis of Regional Innovation Performance and Industry-University-Research Institution Collaborative Innovation—An Empirical Study of Chinese Provincial Data," Sustainability, MDPI, vol. 10(4), pages 1-16, April.
    7. Liang Wang & Justin Tan, 2019. "Social Structure of Regional Entrepreneurship: The Impacts of Collective Action of Incumbents on De Novo Entrants," Entrepreneurship Theory and Practice, , vol. 43(5), pages 855-879, September.
    8. Hongjuan Zhang & Liang Wang & Rong Han, 2019. "The China-West divide on social capital: A meta-analysis," Asia Pacific Journal of Management, Springer, vol. 36(3), pages 745-772, September.
    9. Xiaoxu Zhang & Xinyu Du, 2023. "Industry and Regional Peer Effects in Corporate Digital Transformation: The Moderating Effects of TMT Characteristics," Sustainability, MDPI, vol. 15(7), pages 1-22, March.
    10. Abrar Chaudhury, 2020. "Role of Intermediaries in Shaping Climate Finance in Developing Countries—Lessons from the Green Climate Fund," Sustainability, MDPI, vol. 12(14), pages 1-17, July.
    11. Simplice A. Asongu & Nicholas M. Odhiambo & Mushfiqur Rahman, 2024. "Information Technology, Inequality, and Adult Literacy in Developing Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3927-3945, March.
    12. Namazi, Mehdi & Mohammadi, Emran, 2018. "Natural resource dependence and economic growth: A TOPSIS/DEA analysis of innovation efficiency," Resources Policy, Elsevier, vol. 59(C), pages 544-552.
    13. Călin Florin Băban & Marius Băban, 2022. "An Orchestration Perspective on Open Innovation between Industry–University: Investigating Its Impact on Collaboration Performance," Mathematics, MDPI, vol. 10(15), pages 1-23, July.
    14. Hu, Xiao & Wang, Jiayi & Wu, Banggang, 2022. "Venture capital firms’ lead orientation, network position, and selection of familiar syndicate partners," The North American Journal of Economics and Finance, Elsevier, vol. 62(C).
    15. Xiong, Ailun & Xia, Senmao & Ye, Zhen Peter & Cao, Dongmei & Jing, Yanguo & Li, Hongyi, 2020. "Can innovation really bring economic growth? The role of social filter in China," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 50-61.
    16. Ibrahim Alnafrah, 2021. "Efficiency evaluation of BRICS’s national innovation systems based on bias-corrected network data envelopment analysis," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-28, December.
    17. Liotard, Isabelle & Revest, Valérie, 2018. "Contests as innovation policy instruments: Lessons from the US federal agencies' experience," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 57-69.
    18. Mina Baliamoune-Lutz & Sharon C. Cobb, 2016. "Evolutionary Economic Geography for OFCs: Do Political Ties to the Onshore Reduce Capital Inflow Volatility?," Growth and Change, Wiley Blackwell, vol. 47(4), pages 535-555, December.
    19. Kuk, George & Schaarschmidt, Mario & Homscheid, Dirk, 2024. "All of the same breed? A networking perspective of private-collective innovation," Journal of Business Research, Elsevier, vol. 172(C).
    20. Cristina Prieto & Sonia Fereres & Luisa F. Cabeza, 2020. "The Role of Innovation in Industry Product Deployment: Developing Thermal Energy Storage for Concentrated Solar Power," Energies, MDPI, vol. 13(11), pages 1-19, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reveco:v:90:y:2024:i:c:p:89-101. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620165 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.