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Measuring the Impact of Open Innovation on Firm Performance in Indonesia Halal Industry

In: Wealth Management and Investment in Islamic Settings

Author

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  • Faried Kurnia Rahman

    (Sentul City)

Abstract

Innovation has been known as one of the important factors that can boost economic growth in a country. Firms should innovate to overcome the inadequacy of resources. All industrial sectors must have their own innovation concept to sustain the business, including halal industry. Halal industry is one of the most overwhelming industries in the world. To enhance the innovation level, the firms are encouraged to cooperate and to obtain the knowledge from other stakeholders, and this is called as open innovation (OI). Since 2003, there are many research has been conducted on OI. Nevertheless, still there is a necessity to study the implementation of OI as there is a lack of systematic confirmation on its impact to the firm performance. Other than that, it also urges for theoretical development and empirical research. Hence, this research aims to investigate innovation activities in Halal industry which claim as Shari’ah Compliant Firms. This research examines the relationship between open innovation effort and firm performance in manufacturing firms that produce halal products. This research will analyze public listed shari’ah compliant firms in Indonesia. The research model is tested using regression.

Suggested Citation

  • Faried Kurnia Rahman, 2022. "Measuring the Impact of Open Innovation on Firm Performance in Indonesia Halal Industry," Springer Books, in: Toseef Azid & Murniati Mukhlisin & Othman Altwijry (ed.), Wealth Management and Investment in Islamic Settings, chapter 0, pages 167-182, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-3686-9_11
    DOI: 10.1007/978-981-19-3686-9_11
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