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The Role of Industry and Economic Context in Open Innovation

In: Open Innovation and Entrepreneurship

Author

Listed:
  • Abiodun Egbetokun

    (Obafemi Awolowo University)

  • Omolayo Oluwatope

    (Obafemi Awolowo University)

  • David Adeyeye

    (Obafemi Awolowo University)

  • Maruf Sanni

    (Obafemi Awolowo University)

Abstract

Using innovation survey data on a sample of UK manufacturing firms, Laursen and Salter (Open for innovation: The role of openness in explaining innovation performance among UK manufacturing firms. Strategic Management Journal, 27:131–150, 2006) documented a non-monotonous relationship between external search strategies and firm-level innovative performance. We find partially similar results in a combined sample of Nigerian manufacturing and service firms. A major discrepancy is that external search appears not to matter for radical innovation in our sample. Based on multiple research streams including economics of innovation and development economics, we develop and test new hypotheses on sectoral differences and the role of the economic context. We find that in a developing context, a wider range of innovation obstacles implies broader external search and more intense obstacles require deeper search. We explore the implications of these results for management research and theory.

Suggested Citation

  • Abiodun Egbetokun & Omolayo Oluwatope & David Adeyeye & Maruf Sanni, 2019. "The Role of Industry and Economic Context in Open Innovation," Springer Books, in: Gadaf Rexhepi & Robert D. Hisrich & Veland Ramadani (ed.), Open Innovation and Entrepreneurship, pages 67-87, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-16912-1_5
    DOI: 10.1007/978-3-030-16912-1_5
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