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Open innovation and firm performance: Evidence from the Chinese mechanical manufacturing industry
Journal of Engineering and Technology Management ( IF 4.8 ) Pub Date : 2018-04-01 , DOI: 10.1016/j.jengtecman.2018.04.004 Si Zhang , Delin Yang , Shumin Qiu , Xiang Bao , Jizhen Li
Journal of Engineering and Technology Management ( IF 4.8 ) Pub Date : 2018-04-01 , DOI: 10.1016/j.jengtecman.2018.04.004 Si Zhang , Delin Yang , Shumin Qiu , Xiang Bao , Jizhen Li
Abstract This paper studies how human capital can affect the relationship between open innovation and the financial performance of firms. The results demonstrate that there is an inversed U-shape relationship between open innovation and firm profitability. We also indicate how human capital (both quality and structure) will differently moderate above relationship: generally, higher the education level of employees will amplify the positive effect of open innovation, but for production-oriented firms, such argument does not hold; in technology-oriented firms, as the ratio of technical staff to production staff increases, the financial performance of firms improves as a result of the implementation of an open innovation strategy. However, in production-oriented firms, the moderating role is negative.
更新日期:2018-04-01