The paradox of open innovation in Slovenian firms

Farčnik, Daša (author), Redek, Tjaša (author), Šlander Wostner, Sonja (author)

Innovation and open innovation are expected to strengthen firm performance. The learning process and inbound activities are particularly important for catch-up countries and firms. The empirical evidence, though, is incomplete and provides inconclusive results. This paper studies the role of open innovation activities in a sample of Slovenian firms. Using a combination of survey data and official registry financial statements data, we investigate the differences in the role of open innovation across firms with different productivity. The results show that open innovation is more important in less productive firms. This is consistent with the theoretical ideas that stress the role of learning, capacity building and knowledge transfer. However, these firms also invest less in open innovation activities, which is a paradox in itself, introducing an important challenge for managers as well as questions for future research.

• Language: English
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Version of Record
• Year: 2022
• Number of pages: Str. 292-309
• Numbering: Vol. 38, iss. 3
• PID: 20.500.12556/RUL-146776
• UDC: 658
• ISSN on article: 0810-9028
• DOI: 10.13169/prometheus.38.3.0292
• COBISS.SI-ID: 135352067
• Publication date in RUL: 13.06.2023

Record is a part of a journal

• Title: Prometheus
• Shortened title: Prometheus
• Publisher: Pluto Journals
• ISSN: 0810-9028
• COBISS.SI-ID: 17488989

Licences

• License: CC BY 4.0, Creative Commons Attribution 4.0 International
• Link: http://creativecommons.org/licenses/by/4.0/
• Description: This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.